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Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire by scarface74 on Thursday March 09, 2023 @10:12AM (#35081995)
How does that help someone with financial needs now?

I’m not one of those people who keep my RSUs after they vest. I diversify over six months. I wouldn’t buy 30% of my company’s stock with cash if I were getting paid in cash , why would I keep my RSUs instead of diversify?

Of course that doesn’t mean I think the company I work for is going to disappear anytime soon.

Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire by fallingknife on Thursday March 09, 2023 @02:12PM (#35085277)
It doesn't, but if you accepted an offer where the base salary doesn't cover your financial needs, then that's on you.

And it's good to remember, that while RSUs are nice for the reasons you state, companies that give them out tend to pay a lower cash salary because of that, and if those stock prices go down, so does your TC, and it could be quite a big drop.

Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire by scarface74 on Thursday March 09, 2023 @02:29PM (#35085505)
Well, all indications are that the BigTech companies are issuing new stock to at least keep people at their initial cash+stock compensation grant+a modicum of a raise.

I’ll know myself in a couple of months.

I’m in my 3rd year and my first full year of base + RSUs instead of base + 2 years prorated signing bonus + back heavy vesting schedule.

(Yeah I know, how do I say where I work without saying where I work)

Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire by fallingknife on Thursday March 09, 2023 @04:46PM (#35087199)
I passed on interviewing there b/c I hear the culture is brutal with no work life balance. Is that true in your experience?
Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire by scarface74 on Thursday March 09, 2023 @04:58PM (#35087344)
I work in Professional Services as a billable consultant (cloud app dev). Most of us are much older with families and wouldn’t deal with interference with our home life. Our division is much more “enterprisey”.

Also, since our division is mostly remote (even pre-Covid) and most of us are established in our career, we have much more optionality, a larger network, and hopefully a larger nest egg.