Amazon offers lower base salary (~ 15k lower) but sign on bonus makes total compensation higher (~15k higher).
I’ll be able to stay in Houston and travel to different locations so no cost of living changes.
Amazon doesn't have pensions and will only match 401k after 3 years of service.
Might want to look up a piece from a few years ago in the New York Times about working at Amazon for the non warehouse folks. While the article is old now, the culture probably hasn't changed that much.
No, when I grow up I want to work at walmart !
I applied at Amazon, got multiple interviews, and decided to not pursue it any further. I did a lot of research and despite the big pay and extras, it's a very stressful environment where everybody is pushed to their limits. Very fast faced environment where you need to rise on top or else. So I decided to settle for somewhere I will be happier long term. The one I am in now is really awesome, slow-paced, nice people and great pay.
If u are CL 24 to 26 (may be even 27) and getting a L6 in Amazon, leave ASAP (the growth in Tech sector is enough for this decision). L6 in most non technical roles is at least $275k/yr (including RSU’s) to begin with. On the other hand, if u r CL28 or greater or if the position offered in Amazon is L5 or lower, it’s up in the air.
As for the PIP comments, there r a bunch of people who have settled and end up in PIPs. If u r a half decent performer, u will easily make it to 4 years (RSU vesting time). They need people.
As for culture, it’s no better or worse than XOM.
I don't know if this is a troll post or not, but I'm former XOM now working in FANG, and if you think you're going to suddenly be free of politics, "unfair" promotions, or stress, well LOL good luck. The average amazon employee is chewed up and spit out in 5 reports) you're immediately put into a pivot which is their version of PIP, which is essentially a 3 month warning that your time is up.
All in all this can be a great move financially (esp if you make it past your initial stock grant and start getting stock refreshes), but some of the things you didn't like about XOM will still be there, just in a less forgiving environment.
I’ll pass. You will miss our performance assessment. Besides you ain’t that good..
A lot of people are finding out that having “Exxon” on your resume doesn’t mean much. The market knows the people are smart, but they know Exxon is a fossil where innovation doesn’t occur and the pace is slow. It’s a good move if you want to move your career beyond oil. FWIW, a lot of people don’t last too long at Amazon (for WLB, stress, PIP, or better opportunities) but there’s no stigma attached
depends on if this is a tech or nontech role. from the apparent paycut, sounds like its nontech. which means i would think hard about leaving XOM, but it's not out of the question. also, i wouldn't consider signon in total comp, unless you divide it by 4
Don't go, Amazon does not value or provide its employees with long careers.
@1eji+194WFNIf
It’s true we’ve heard oil and gas is dead for the past decade but the demand drop from COVID and the constantly increasing emphasis on greenhouse emissions and climate change has changed as well.
It’s to the point where oil majors are actually almost admitting fault. Yes all of the oil majors gave some lofty goals of emission reductions with no direction on how to achieve it, but even that is a significant change.
Maybe I’m just pessimistic but I don’t see oil going back to where it wash just look at the amount of people that’s still in this industry over a 10 year trend.
Margins isn’t going to get any better in the near term which means sites are going to continue borrowing money to stay alive. At some point the lenders are going to refuse to lend because their investment is going no where
Unless tech drops by 90% and never recovers, I’ll still spend the rest of my days enjoying mai tais on a beach somewhere. But thanks for your concern.
Keep boasting bub. Just means it’s gonna be a big one when it comes. And you will be the first to cry I never thought it would happen. LOL
I was told to get out of tech in 2017 because there would be a correction. Didn’t happen.
I was told to get out of tech in 2018 because there would be a correction. Didn’t happen.
I was told to get out of tech in 2019 because there would be a correction. Didn’t happen.
I was told to get out of tech in 2020 because there would be a correction. Didn’t happen.
I’ve seen double digit returns since 2010. Still waiting for that correction that’s supposed to wipe me out.
Just look at the Nasdaq before jumping to a tech heavy company. The index was up 43% in 2020. Tech is vastly over bought and over valued. Significant correction is highly likely soon. Inflation sensitive stocks, including Amazon, are also likely to see issues later in 2021 as inflation is already warming up and will hit with a vengeance when it comes.
Near-term oil supply shortfalls are coming in 2021/22. Major oil stocks will likely fully recover losses from the past 9 months. Doesn't mean you should stay with EM, but anyone that tells you that fossil fuels are dead is a fool. They might wish EM will fail, but that won't happen. EM will be fine. We've heard this story about oil and gas is dead several times over the past few decades, and it has been wrong every time. Demand growth with oil at $60/bbl and gas at $4/mmbtu will cure all financial woes. If you are so sure I am wrong, short the stock and get rich. Bet you won't.
I don't think Amazon is a dream company but it's great on resume for further search. Accept and keep looking for new opportunities. Amazon PIP is very aggressive - 10%.
Yes. Please. It’s a no brainer really. You wanna stay on the Titanic or go on a Gulfstream?
Well that is approx 82K in RSUs.. EM gives you 300 RSUs for top performing CL 28..and that gets vested 50% in 3 yrs and rest in 7.. so lock in period is terrible..
So all things included you have growing stock and a merit badge on resume.. EM looks terrible on resume these days
Yeah RSU helps but need to be careful with taxes. I only get 25 RSU though.
Amazon vesting schedule is 5, 15, 40, 40% so you don’t get most of the RSU until year 3 and 4.
Amazon sounds like a better deal than what you have now. Take it. You will learn a lot and it will look good on resume if you decide to look around later.
If I may ask OP.. don't they make up with the RSUs?? My buddies there in product management claim 500K salaries all things included
Bezos’ daddy worked at Exxon, and rumor has it performance system is modeled from Exxon’s.
I'd be skeptical about Amazon. I hear that they hire people just to pip them to meat their annual PIP metrics.
Depends what team/org in Amazon. I heard they PIP their developers like crazy, some within 6 mo. You get amazon on your resume though which is nice.
If you had to ask this, amazon shouldn't have hired you...
The answer is obvious: stay with a dinosaur that still needs to cut costs dramatically to survive in a declining industry or join a growing leader in tech.
Or invest in Amazon and other tech stocks and retire in your 30s/40s.
All I hear is negative things about Amazon’s culture.
You can take it to get a break from the toxicity at EM, but continue to look for jobs. It’s okay to work at Amazon a few months or even less and Jump ship once you find something you really want.
Amazon still does forced PIPs.
Yes
Depends on your current job and the new job, and most importantly the boss. I personally wouldn’t take a pay cut to go there right now but everyone’s situation is different.
A resounding yes, go for it. I know several colleagues who have jumped to Amazon, they are much, much happier. Plus, RSUs will go a long way down the road. EM is a sinking ship, if you haven an opportunity to get out (and get into a new line of work entirely), GO FOR IT!