215
Meta and Salesforce are looking to re-hire some workers they just laid off. It's putting those people in an awkward spot
(www.businessinsider.com)
this post was submitted on 25 Sep 2023
215 points (96.9% liked)
Technology
59429 readers
3464 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In circumstances where you decide to leave and are rehired they start you back at the low end of the band for the level you're at, however in layoff situations I've heard you're generally rehired at the salary you made before layoffs as long as you had decent ratings.
If they're taking an immediate cut after layoffs it's likely because their RSUs have reset, which also means they get an initial grant that's higher than the continuous equity refreshers. In every scenario I've seen you average more TC while your initial grant is active, so while this might be an immediate cut, they'll average more compensation over the vesting period of the initial grant.
I know some people in FAANG and spend a lot of time on Blind.
I believe the "correct" term now is "MAAAN"?
๐