101–110 of 596 posts
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Changing jobs should not be life-changing.
It’s shouldn’t but when your health insurance relies on it , it pretty much is
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>To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus. What about equity grants?
Lol, no good deed unpunished.
He is taking a 98% paycut on salary and foregoing his bonus, but I wonder what his equity based comp is as a % of his total comp. My guess is he is mostly compensated in equity.
My thought exactly. How about resetting unvested equity to zero or some similar “I got all these grants while apparently mismanaging the company so maybe I should not have”
How quickly times can change. A few years ago a CS degree and software job seemed like the most secure and easy way to a guaranteed high paying job while everything else was harder. Now it seems every software company is laying people off while the overall job market outside of tech is stronger than ever. Sucks to be a new CS grad this summer
"Zoomies" Just fucking stop with this already. Quit pretending like your employees are so aligned with the company that some kind of special terminology is needed, or even logical. The recent tech layoffs have clearly demonstrated, again (again, as in we've seen this play out a few times in the 2000's), that employees are basically assets that are scaled up and down as needed, like all the rest of corporate infrastru…
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He owns 22% of the company already.
It’s not how much he owns, it’s that executive comp is often heavily weighted to equity not salary: dropping your salary by 98% only matters if that salary represents a significant amount of your actual income.
https://en.wikipedia.org/wiki/Eric_Yuan
Fun trivia: Six billion divided by 1,300 is 4,615,384.62
I haven't been to an online meeting that wasn't MS Teams or Google Meet in three months. Sadly, Slack, Zoom, and other similar nice-to-have corporate tools seem bound to get eaten by the integrated productivity suites.
How quickly times can change. A few years ago a CS degree and software job seemed like the most secure and easy way to a guaranteed high paying job while everything else was harder. Now it seems every software company is laying people off while the overall job market outside of tech is stronger than ever. Sucks to be a new CS grad this summer
But yeah nothing is secure.