If this "1 year grant" thing catches on, it'll lower salaries across the board in tech. These companies are trying to spin this positively, but it is nothing more than a play to reduce wages and save costs. Lyft even has internal documents that measure the cost savings of this new scheme and support it based on a "temporary depression in price per share." The 4 year grant was the whole reason we had so much negotiating leverage in our 3rd year. Mass boycott and nobody join these 3 companies!
Yeah I hope this doesn’t catch on
If it does it will just make the job hopping worse. There won't be a reason to not jump every 2 years
@bigdad I Think opposite might be true. If everyone does 1 year grant you will be less incentivized to move and more motivated to move up the ladder in you current company.
can you say more about negotiating leverage in year 3? Is that mean equity negotiations to get you to stay longer?
Because with stock appreciation (and stacking refreshers if applicable), your 3rd and 4th year TC is highly inflated and you can use it to get higher offers outside.
If you're even coming close to telling recruiters your current tc you've got the game all fucked up
I agree
EIL one year grant?
where is context?
What exactly are the terms of the grant vesting? I've heard conflicting descriptions.
I hope all companies follow this. We need a salary correction in Bay Area
You're short sighted. It's a permanent correction that removes upside, not just salary.
Then it should definitely happen. Love it.
I will help boycott stripe after I leave stripe. I'm with you!
Why are you leaving?
To help boycott
Please quit. Many waiting to take your job and half the salary.
Lol speak for yourself. If TC is high enough, ain’t nobody boycotting
Nobody is going to match a 1m TC because equity had 2x. And if this catches on, nobody will ever see 1m TC unless you're a VP.
TC will be king as it should be, but I hope nobody here treats 1 year grant TC as equivalent to 4 year grant TC. The downside protection you get will not be worth the upside lost, since right now we already have decent downside protection (just leave and join another company if the stock tanks after a year). If companies offering 1 year grants want to give us a 50% TC boost at offer time I'd be all ears however