What does a lot of hiring imply for the employees? (In reference to ByteDance)

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Feb 13, 2021 15 Comments

ByteDance has been hiring a lot recently (at least for the Singapore office). Some attribute this to the upcoming IPO.

How would that affect the current employees and the future employees?

Things I suspect can happen-
1. Slower promotions
2. Decreased Chinese language communication
3. Decreased work load (maybe)
4. Dilution of RSU

Whatโ€™s your opinion?

PS: I have an offer from ByteDance. TC offered 78k SGD base + yearly bonus + no RSU for 0 yoe.

#tech #ByteDance #tiktok #singapore

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 TOP 15 Comments
  • Visa
    kuttatommy

    Go to company page Visa

    kuttatommy
    Question: bytedance already has a market cap of 200b already. How much can it grow once it ipos. Snapchat didnt do well at ipo too
    Feb 14, 2021 3
    • Visa
      mnrhe

      Go to company page Visa

      mnrhe
      Bytedanceโ€™s business model is unique. They are social media + ecommerce (including payments) as well. This integration will be implemented by FB in partnership with Shopify. Their ads business alone will be valued at 200b. Ecommerce is another huge growth vertical. Could easily be valued at 500b at this point if their ecommerce model succeed (most likely will because of huge popularity of their platform)

      They are 2x to 4x growth companies. While VISA is questionable given how much competition they would face in the future. Profit margin is overstretched and revenue growth is declining. Yes it is hard to build merchant network in brick and mortar store, but it is way easy to scale in online business (lower the bar for competition in online space). As we know, people are moving to online more often after the pandemic and this will threat VISA revenue for sure.
      Feb 21, 2021
    • Grab
      isjdien

      Go to company page Grab

      isjdien
      Visa are you serious?? More than half of online transactions go through its network $$$ and you are saying Visa revenue is threatened by ppl moving to online.
      Feb 23, 2021
  • Amazon
    RFE4LIF๐Ÿ˜œ

    Go to company page Amazon

    RFE4LIF๐Ÿ˜œ
    Bytedance to the moon๐Ÿš€
    Feb 13, 2021 0
  • They are not offering RSUs to any new grad, and the max amount of hiring is happening for new grads.

    Point no 4 should be fine.
    Feb 13, 2021 2
  • Is this a SWE offer, seems like you got lowballed
    Feb 13, 2021 3
  • Grab
    softmaxx

    Go to company page Grab

    softmaxx
    5. lower bar?
    Feb 13, 2021 0