Is Meta giving extra stock refreshers to compensate for the 60% stock drop? If no, why are Meta employees not quitting en masse? Director and above levels anyway make 1M+ for firing the low-level staff. So please excuse yourself from this post if you're one of them. Also, other hard-core defenders who have praises despite the contrary.
We’re not quitting because we know that our yearly refreshers are higher than anywhere else. Think TC planning 4-5 years.
what is a common yearly refresher for a upper mid level / senior contributor
About 200k in RSU granted per year if you meet expectations. If you exceed, multiply by 1.25. If you greatly exceed or higher, the multiple is higher.
Because the market sucks so they aren’t gonna get better offers anywhere else. Also the non SWEs at Facebook are useless. I know a few biz dev people there and they can’t tell me what their deliverables are.
Baffles me that people actually believe the first part of this
😂
If you believe in Meta then now is the best time to join or if you’re already there the refreshers are at a deep discount. Imagine getting an 800 RSU join grant at 140.
Big if**
Well if it tends towards 0, sky is the limit for your future TC.
1. In some locations even with the drop it’s still hard to find a better place to work (think London) 2. In the US some stay because of visa 3. Others are just not good enough to get a different gif and/or dont want to change after a few months 4. People are leaving.
for 2, how about the PERM?
Stock prices go up and down. We don't want them to take back stock when it's up so don't expect extra when it's down. As always single stocks are 10+ year bets.
Ok, bootlicker. Learn: Employees asking for more stocks when it crashes is not identical to the company taking back stock if it goes up. One can be had without the other. The upside can be had without the downside. Companies like SNAP are already doing good at this (giving more stock due to stock crash). Learn from them before yapping useless analogies, understood?
Which fact makes me a "bootlicker"? Companies can make the bad decision to provide additional equity abstinence they please like snap yes. I wouldn't expect that from a company with clear vision and roadmap. Not sure I want to learn from snap, no offense to folks at snap.
Not just the stock, Meta as a company is a sinking ship.
Will Zuck play the final violin measure as it goes under?
I was one of the unlucky ones who joined Meta in Jan this year from Amazon. Really regretting but can’t do anything. Hoping to bounce back to Amazon next year.
Lol