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Comment by nixgeek | Hacker News Reader

I got connected to someone impacted at Twitter on Saturday, within 24 hours of them being notified they were impacted by the layoff.

I talked with them for an hour that next Monday AM about the opportunities my teams have open, one of which was highly relevant to their skills, and by the time we chatted, they had 3-4 interviews with other companies scheduled. Joined the dots to the hiring manager and recruiters. They introduced us to lots of other Twitter engineers too which was amazing and very helpful to me.

Our interviews happened with them 10 days later and we moved forward to make an offer; we are still working through offer details with them (and they have multiple companies making offers). We’ve also got several strong applicants for this role.

I’m glad to see many of the impacted folks are quickly finding places to land because the cruelty of Twitter’s next chapter under Elon is a stain on the industry and the world.

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Curious if you don’t mind sharing, did this candidate have crazy comp due to Twitter RSUs before the implosion? And if so, are you all roughly matching that, or they’re settling for less?

Not particularly crazy. Doesn’t seem like the Total Compensation for this person will change dramatically, although it’s worth nothing that different companies have different philosophies on how the package is structured.

What’s salary, what’s a performance-based annual bonus in cash, what’s equity-based compensation and within that what’s granted upfront and what’s performance-based and granted annually, what’s the signing bonus, etc. Vesting schedules also can differ somewhat dramatically (the Amazon offers as one example are very backloaded), some companies have a history of pricing in assumed growth in equities, there are lots of moving parts (some of which are employee-favorable, like pricing on-hire awards on a Trailing 50d Average; some of which are more employer-favorable like assuming 15% annual appreciation in equity price).

Amazons assumed appreciation scheme is blasphemy IMO - are there even any other companies that do that?

Recently lots of companies have moved to quarterly vesting which is very employee friendly

I’m guessing you’re a startup meaning illiquid options - high risk with a tiny chance of a high reward after its all said and done, and the standard 90 day exercise window upon leaving is very employee unfriendly

But thanks for sharing!

> cruelty

Layoff is a layoff regardless of whether you get fired over email, text or a personal call from the CEO saying how great you are. It was the latter for me several years ago and didn't sting any less.

Layoffs suck, but Elon has been making it particularly painful for the folks over there.

I don't like Elon either but am happy he's blown $44m on a side project that it looks like is going to fail

Billion

Billion/Shmillion - you're right though. Amazing it's still a rounding error to Elon...for now.

and then blamed everyone "hating free speech" for why it's failing lol

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