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Does anyone know how equity is affected by remote policies at most big tech companies? I think that perhaps it isn't? Companies take back unvested equity if you
by cactus2093 6y ago
Does anyone know how equity is affected by remote policies at most big tech companies? I think that perhaps it isn't? Companies take back unvested equity if you're terminated or resign, but I don't think I've seen anything in my equity agreement docs that would let them take some of it back for a cost of living adjustment (though they could probably adjust the terms of new equity grants going forward). If I'm hired in a low CoL area I bet they adjusted for, but what if I was hired in the Bay Area and then move?
Am I crazy or is there perhaps a huge loophole here, at least in the short term, that nobody is talking about? Let's look at a senior engineer (E5) at FB on levels.fyi - $380k total comp comprised of $196k base, $30k bonus, $154k equity. If your base & bonus get cut by 50% by going remote but you keep the equity, that's still $267k a year so your total comp has only been cut by 30%. And hell you could make up a significant amount of that in taxes alone. For a staff engineer or manager at E6/M1 level it's even more dramatic - $578k total comp down to $436k, which is only a 25% decrease and just a stupidly high compensation for somewhere with a low cost of living where, say, you can buy the equivalent of a $3M silicon valley home for well under $1 million.