but. Did managers already advise people of new equity in 2023....?
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@2Puqi+1iDqkyzM Yes, IC5 and above got two tranches. first tranche vests starting June 2023, 2nd tranche starts vest June 2024. Both tranches on quarterly vesting schedule.
My tranches were about 10% lower north shares compared to prior years. I heard rumor BU GM can make mi or adjustments at individual level, not sure if that’s true.
@2Ngjy+1iDqkyzM I didn't understand, level 5 or up got 2year RSU?
Small # unless level 5 or up they got 2 year
The four year grant was a one time event. I’ve been with AVAGO since 2014 and every year until 2018 the grant happened every March.
"unless you prefer to pretend to earn money and be a remote worker).". lmfao. do you work in HR...? do you even j ow what it's like to earn money..
For the one that received an offer. It is more likely that you were found by a despaired external recruiter.
If you were to receive an offer the odds are that you would not think twice (unless you prefer to pretend to earn money and be a remote worker).
If you were on a 4 year RSU plan, you likely have no idea of how a “full grant” looks like because your grant had been calculated when the stock was worth around 100/150 USD?
The stock allocation is likely decided in Jan/Feb.
This thread is silly. Grants are issued in Feb, effective in March, first vest in June.
Corporate bonus will be fine. YMMV widely on BU bonus.
@9cvg+1iDqkyzM yep. on 'vette guys all hands it was clear he was sending smoke signals for a low multiplier (at least for the masses)... so they're planting seeds...lower bonus, stock grants will be minimal level , etc.
I check in from time-to-time when I recruiter reaches out to me. This most recent one is just great. It was a staffing company, they were begging me to apply. "Just give me your resume maybe they make you an offer" is Broadcom seriously resorting to "no-interview" hires ? The smell of desperation was wafting from the email.
From what I heard, the four year grants are gone. The BOD now controls the grants, so expect them to be dramatically reduced, regardless of outcome. From what I've been told the last two yearly grants were OK. They were definitely reduced from previous years due to the stock price being high, but still high for the industry. Keep in mind that Hock favors engineering, so mileage will vary based on role and band. I have a feeling 2023 might see a down turn. Thursday will likely provide some answers.
BTW, if you were on the GM calls this week, expect your bonus to suck, despite the great FY results. I knew that extra 5% was a joke, and they've all but confirmed it. So **** raises and less bonus in the highest inflation in decades. Way to go Broadcom. And you are still confused by why no one wants to come here. Get a clue Hock.
Yeah someone will probably ask at either Hock Coffee Talk or whatever your BU has for regular updates.
My guess is at some point we'll all get new grants that start vesting 6/15/23 but given the current economic outlook and hiring freezes in tech industry the grants might not be as generous as before?
Many of us got 4year grants(so no new grants in the last 4 years) and we should be getting new yearly grants starting next year. I just wonder if it'll be a standard "full" grant or less as we'll still be getting stocks from the old ones.
what is this "new equity"?
I’ve heard those decisions have already been made. Not sure anything’s been communicated. However with the upcoming town halls, all hands, coffee talks, blah… someone will ask…
most probably mid 2 digits
Try March 2023 for questions