Salesforce looks to poach outbound OpenAI staff with “full cash” compensation offer::Salesforce CEO Marc Benioff has revealed the firm will offer positions to outgoing OpenAI employees amidst a looming exodus from the beleaguered tech giant.

  • Cheesus@lemmy.world
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    1 year ago

    Must be great to read if you were one of the employees laid off from these companies.

    • Corkyskog@sh.itjust.works
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      1 year ago

      It’s one company and AFAIK only one person was fired… and he already accepted an offer at MS. The rest are just bailing with him.

      • Lmaydev@programming.dev
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        1 year ago

        Cloud-based software company Salesforce is preparing to bring aboard 3,300 people across its various departments following a 10% jobs cut earlier this year.

        I think this is likely what they are referring to. They gutted their staff earlier in the year.

    • Olap@lemmy.world
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      1 year ago

      No shares in n years. Cold hard cash. Unusual at mid to high tier level in tech

    • mosiacmango@lemm.ee
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      1 year ago

      No stock/bonus/etc. Basically no contingent salary, just flat out “you made 700k total if you add salary and bonus/stock? Your base salary is 700k.”

      Cash is king, so they are competing with Microsoft already offering these folks identical compensation to leave by saying “us too, but better.”

    • Ledivin@lemmy.world
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      1 year ago

      Most tech compensation is stock - nobody in the industry ever asks about salary, they ask about total comp. A full-cash offer means their salary is massive instead of split between salary and stock.

      A full-cash value is almost always a way better deal. There are obviously exceptions where the stock skyrocketed, but that is not particularly common.

    • dhork@lemmy.world
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      1 year ago

      I bet they mean that they are offering cash bonuses to sign instead of restricted stock