Blind TL;DR Edition No. 14: Week Ended Feb. 11, 2022
Blind TL;DR helps you stay on top of what shaped the tech industry this week in about 3 minutes. Keep tabs on the latest with insights straight from the newsmakers—technologists like you.
Smile from A to Z
Want to make $350,000? Amazon, which previously capped base salaries at $160,000, will now pay up to $350,000 a year.
But don’t get too excited: Not everyone’s salary will double or even increase. The new pay policy is the maximum base pay, and the annual review cycle is still currently underway. Check out how Blind reacted.
Peloton signs up 2,800 new users
It’s cooldown mode for Peloton. The exercise-equipper laid off 2,800 employees, including the co-founder and CEO, as the company expects fewer people to buy its pricey bikes. Interestingly, the job cuts don’t affect any workout instructors or content.
The company gave laid-off employees cash severance, extended healthcare benefits, career services—and 12 months of free Peloton membership.
Don’t miss the job referral offers—only on Blind.
New phone, who this?
If you leave Apple, don’t expect anyone to remember you or your job title.
Some people have run into issues after leaving the iPhone maker, as the company changes the title of every former employee to the generic title “associate” in its internal systems. It’s made the employee background checks for new jobs harder.
Read the possible reasons why Apple has this policy.
The Twitter self-own
It wasn’t a good day at Affirm. Someone at the buy now, pay later company accidentally tweeted the financial results before the earnings call on the official Twitter account. Then, shares fell more than 20% after analysts raised questions about how the company makes money from its partners like Amazon and Peloton.
Someone on Blind explains why shares might have dropped so much.
Where’s the magic?
Companies often earn tax breaks from local governments if they promise to bring in a certain number of jobs. The economic benefits can be huge, so some eyebrows were raised when a Miami-area company recently scrapped its almost $4-millon deal.
The company said it wouldn’t be able to hire enough people because people didn’t want to move to Magic City or South Florida.
Ask the Blind community: Would you live in Miami?
All about that base
Lately, all eyes have been on the stock markets. Analysts are nervous about what share prices might say about the future of the economy.
But more practically, some professionals might be more concerned with the near term. In tech, stock-based compensation can be as much as the base salary or much, much higher. It’s why savvy professionals often think of their pay in terms of total compensation.
Blind looks into how much people in tech might be earning now that share prices have fallen.
Be a newsmaker
Make an impact with your work. The top companies in the headlines are using Blind to grow. Find out how you can get an offer from some of the most innovative and fast-growing companies.
