What I described was still happening when I left this spring.Quote:
The approach has changed over the years for sure, in terms of the transparency.
What I described was still happening when I left this spring.Quote:
The approach has changed over the years for sure, in terms of the transparency.
Noble07 said:What I described was still happening when I left this spring.Quote:
The approach has changed over the years for sure, in terms of the transparency.
TarponChaser said:
My biggest takeaway is that there were a minimum of 150 meetings in a 3 month period.
Holy ****! How can you accomplish anything when you're having so many meetings? **** that noise.
Proud to say I don't know what "RSU" or "vest" mean.aggie93 said:Because they pay extremely well and give a ton of RSU's. Most people who go to work there are doing it for the money in my experience. When people hit their vest they bail out unless they get another big package and Amazon is famous for cutting people short of their vest.Aust Ag said:aggie93 said:
I'm guessing she didn't feel like it was so terrible when she was getting all those RSU's. Amazon has a rough culture and they pay very well. No shortage of folks trying to work there either.
Why is this such an attractive place to work?
I don't love it or hate it but people who go to work there know what they are getting into or else they are naive. Go there and expect to get used and abused but you can make really good money, they certainly have no personal loyalty to employees.
Restricted Stock Unit is stock given to an employee that vests over time, once it vests it is literally in their investment account.double aught said:Proud to say I don't know what "RSU" or "vest" mean.aggie93 said:Because they pay extremely well and give a ton of RSU's. Most people who go to work there are doing it for the money in my experience. When people hit their vest they bail out unless they get another big package and Amazon is famous for cutting people short of their vest.Aust Ag said:aggie93 said:
I'm guessing she didn't feel like it was so terrible when she was getting all those RSU's. Amazon has a rough culture and they pay very well. No shortage of folks trying to work there either.
Why is this such an attractive place to work?
I don't love it or hate it but people who go to work there know what they are getting into or else they are naive. Go there and expect to get used and abused but you can make really good money, they certainly have no personal loyalty to employees.
aggie93 said:Restricted Stock Unit is stock given to an employee that vests over time, once it vests it is literally in their investment account.double aught said:Proud to say I don't know what "RSU" or "vest" mean.aggie93 said:Because they pay extremely well and give a ton of RSU's. Most people who go to work there are doing it for the money in my experience. When people hit their vest they bail out unless they get another big package and Amazon is famous for cutting people short of their vest.Aust Ag said:aggie93 said:
I'm guessing she didn't feel like it was so terrible when she was getting all those RSU's. Amazon has a rough culture and they pay very well. No shortage of folks trying to work there either.
Why is this such an attractive place to work?
I don't love it or hate it but people who go to work there know what they are getting into or else they are naive. Go there and expect to get used and abused but you can make really good money, they certainly have no personal loyalty to employees.
For instance say you have a Software Engineer hired by AWS and they get paid $200k in salary and $500 in RSU's vested over 3 years. They can put in a "cliff" on the vest so that they get 20% after year 1, 30% after year 2, then 50% after year 3. Then they push them out after Year 2 and never pay out the Year 3 "Cliff" vest. I've seen it much more dramatic than that.
The folks in Finance understand they won't end up paying out a significant percentage of the RSU packages so they can offer really attractive packages with big numbers. A lot of Engineers have gotten tired of the games though and companies are moving to much faster vesting periods if they want to get the best talent. A company like Google basically looks at employees like contractors and they pay them a lot and give them a lot of stock while they are doing something valuable to them but won't hesitate to cut them either. Some of the stuff that happens in the Bay Area is really wild with pay packages if you have the right skillset.
K. Well I know of a number of Amazon employees that were forced out. Not fired per se but there are plenty of ways to push someone out. I've also seen many other comp plans from Amazon.GenericAggie said:aggie93 said:Restricted Stock Unit is stock given to an employee that vests over time, once it vests it is literally in their investment account.double aught said:Proud to say I don't know what "RSU" or "vest" mean.aggie93 said:Because they pay extremely well and give a ton of RSU's. Most people who go to work there are doing it for the money in my experience. When people hit their vest they bail out unless they get another big package and Amazon is famous for cutting people short of their vest.Aust Ag said:aggie93 said:
I'm guessing she didn't feel like it was so terrible when she was getting all those RSU's. Amazon has a rough culture and they pay very well. No shortage of folks trying to work there either.
Why is this such an attractive place to work?
I don't love it or hate it but people who go to work there know what they are getting into or else they are naive. Go there and expect to get used and abused but you can make really good money, they certainly have no personal loyalty to employees.
For instance say you have a Software Engineer hired by AWS and they get paid $200k in salary and $500 in RSU's vested over 3 years. They can put in a "cliff" on the vest so that they get 20% after year 1, 30% after year 2, then 50% after year 3. Then they push them out after Year 2 and never pay out the Year 3 "Cliff" vest. I've seen it much more dramatic than that.
The folks in Finance understand they won't end up paying out a significant percentage of the RSU packages so they can offer really attractive packages with big numbers. A lot of Engineers have gotten tired of the games though and companies are moving to much faster vesting periods if they want to get the best talent. A company like Google basically looks at employees like contractors and they pay them a lot and give them a lot of stock while they are doing something valuable to them but won't hesitate to cut them either. Some of the stuff that happens in the Bay Area is really wild with pay packages if you have the right skillset.
Annie, this is not correct in regards to Amazon. I'll say it again. Amazon does not fire people at specific vesting periods to avoid paying them. You've said this multiple times. Your sources are wrong.
Amazon wants people who are great at delivering results. Amazon doesn't want to spend hundreds of thousands of dollars to train someone and to get someone invested in their work and the company culture, only to fire them two, three, or four years later. The cost of finding that next person and onboard them is incredibly high. There's zero logic in that.
The fiscal cliff. Let me explain this because once you understand it, you'll see it's not really a fiscal cliff. The comp plan includes a base, a guarantee for the first two years, and RSUs that vest for 4 years. The guarantee drops off after year two but the amount of RSUs that vest increases to fill the gap made by losing the guarantee. You could say that's the cliff but amazon doesn't look at RSUs as a bonus. It's part of the pay package.
I hope this clear things up.
You think no future employer will Google her name, and this won't pop up?infinity ag said:Backyard Gator said:Implying "I'm being targeted because I'm a Chinese woman" is going to cause a lot of HR people to toss her application. Hiring her is like hiring a headache.Sid Farkas said:
I'm pretty careful with my LinkedIn profile. I've felt disgruntled quite a bit over the years, like anyone else. But I'd never put this kind of stuff out there.
She's begging for companies to ignore her applications going forward
Career suicide at such a young age.
Don't think anyone will remember after 3 weeks. As long as she has a good lie to tell about why she left. No one cares, things move on.
Buford T. Justice said:
Inconsistent management practices.
Username checks outfixer said:Buford T. Justice said:
Inconsistent management practices.
This.
I took over a group from a previous manager. I did it to help the company out. I wasn't t looking for the job.
I downgraded 3 of the 5 employees who got decent ratings every year previously . I increased ratings on the other two.
I had a massive problem dealing with hr who didn't like my ratings being wildly different from previous manager.
I think there is far more to the story than a sob post on linked in.
GenericAggie said:aggie93 said:Restricted Stock Unit is stock given to an employee that vests over time, once it vests it is literally in their investment account.double aught said:Proud to say I don't know what "RSU" or "vest" mean.aggie93 said:Because they pay extremely well and give a ton of RSU's. Most people who go to work there are doing it for the money in my experience. When people hit their vest they bail out unless they get another big package and Amazon is famous for cutting people short of their vest.Aust Ag said:aggie93 said:
I'm guessing she didn't feel like it was so terrible when she was getting all those RSU's. Amazon has a rough culture and they pay very well. No shortage of folks trying to work there either.
Why is this such an attractive place to work?
I don't love it or hate it but people who go to work there know what they are getting into or else they are naive. Go there and expect to get used and abused but you can make really good money, they certainly have no personal loyalty to employees.
For instance say you have a Software Engineer hired by AWS and they get paid $200k in salary and $500 in RSU's vested over 3 years. They can put in a "cliff" on the vest so that they get 20% after year 1, 30% after year 2, then 50% after year 3. Then they push them out after Year 2 and never pay out the Year 3 "Cliff" vest. I've seen it much more dramatic than that.
The folks in Finance understand they won't end up paying out a significant percentage of the RSU packages so they can offer really attractive packages with big numbers. A lot of Engineers have gotten tired of the games though and companies are moving to much faster vesting periods if they want to get the best talent. A company like Google basically looks at employees like contractors and they pay them a lot and give them a lot of stock while they are doing something valuable to them but won't hesitate to cut them either. Some of the stuff that happens in the Bay Area is really wild with pay packages if you have the right skillset.
Annie, this is not correct in regards to Amazon. I'll say it again. Amazon does not fire people at specific vesting periods to avoid paying them. You've said this multiple times. Your sources are wrong.
Amazon wants people who are great at delivering results. Amazon doesn't want to spend hundreds of thousands of dollars to train someone and to get someone invested in their work and the company culture, only to fire them two, three, or four years later. The cost of finding that next person and onboard them is incredibly high. There's zero logic in that.
The fiscal cliff. Let me explain this because once you understand it, you'll see it's not really a fiscal cliff. The comp plan includes a base, a guarantee for the first two years, and RSUs that vest for 4 years. The guarantee drops off after year two but the amount of RSUs that vest increases to fill the gap made by losing the guarantee. You could say that's the cliff but amazon doesn't look at RSUs as a bonus. It's part of the pay package.
I hope this clear things up.