I've been thinking of applying to zoox, but their comp model is very confusing. Wondering if it is worthwhile applying there as L5(sr). I am currently L5 at Amazon so this would be an uplevel. I get that there's an initial AMZ RSU + cash bonus, but later on most of comp is based on ZARS. What happens if ZARs dont meet projected value(or is worth less than prev year)? Do you get a refresher to make up for it to at least maintain your TCT? Same for the AMZ RSU. If you joined Zoox in 2021 when AMZ was at ATH, did Zoox make up the difference when your AMZ vested this year? Just want to know if its possible to actually face what we are seeing at amazon where you end up making less than a previous year. TC: 250 #zoox
You get additional ZARs grants (as well as 3-year cash bonuses) upon promotions, and once senior+ (L5+), youâre eligible for periodic ZARs refreshers given that promotions might not happen often (or even at all, depending on your goals). My perspective is to treat base, bonus, and RSUs as my comp. The ZARs I currently have vesting are currently worth a modest amount (similar to RSUs), and they may someday be worth something substantial, but that is a long-term bet. That said, Iâd only encourage joining Zoox if you think that bet makes sense.
I see, so there's definitely a pretty big risk of a "cliff" after your RSU runs out if ZARS dont grow as projected.
Thatâs correct, but similar to what the other Zoox poster said, I think this an up-or-out situation. Either the valuation goes up significantly or Zoox ceases to exist anyways.
If you are L5 at Amazon youâll be an L4 here. That is gonna be pretty non negotiable. Other than that if ZARS donât go up the company is dead. They wouldnât refresh because we would cease to exist. They have gone up each year consistently in very turbulent markets so far.
that kind of stinks. My comp would be relatively the same unless I go up one level. Is this because Im coming from Amazon? Wouldn't an external applicant get to apply to a senior level?
We donât uplevel anyone for moves. Doesnât matter internal or external. If getting a senior title without a promo is a goal of yours you should look somewhere else.
Itâs like asking if a start up doesnât get ipo or acquired, is there money to help maintain your projected comp. Itâs higher risk higher reward
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My friend is at Zoox and he's trapped thinking he'll get a good payout if he stays. You gotta stay at least 3-4 years.
Like he is hoping for a bigger payout than his initial TCT? At year 3 the amz rsu is gone, is he keeping his previous TCT just selling the vested ZARs? Golden handcuffs is ok but what I dont want is getting less than what you signed up initially for.
To me, it seems risky, but he's staying, so what do I know đ It seems to be worth it to him.