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A collection of 9 posts

Citadel interns earn a minimum wage of $120 hourly after a 25% increase

Per Bloomberg Citadel is paying its interns $120 hourly after it bumped its minimum wage by 25%. This results in interns being paid $19,200 a month for 40-hour work weeks. This comes as the finance industry is trying to attract younger talent while the tech laytoffs increase. Levels.fyi

OpenAI offers a flat base salary of $300,000 with no bonuses and negotiations

Per Business Insider OpenAI has a unique way of paying its employees. With around 500 workers, the company's salary computation relies on the salary-plus-equity model, with most employees paid $300,000 with a yearly grant of around $500,000 in a type of compensation called PPUs or profit-participating

JPMorgan Chase saw 74% tech applicants from Handshake platform, totaling 8,000 applications

Per CNBC With the recent disruption in the tech sector, after massive layoffs of multiple companies, JPMorgan Chase reportedly received more than 8,000 applications on Handshake, a networking platform, since 2023 alone. This was reportedly a 74% increase from the number of total applications in 2022 for tech. It

26% of workers plan to quit their job in the next 12 months

Per PwC The latest Global Workeforce Hopes and Fears Survey by PwC tries to understand how the workforce is doing and trends in their plans moving forward. It was found that 26% of them wanted to quit their jobs in the coming 12 months. This was reportedly a significant increase

Indeed data shows a 55.4% decline in software development job postings compared to a year ago

Per Hiring Lab The recent Indeed Hiring Lab posted a Q1, 2023 report that showed how there was a 55.4% decline when it came to software development job postings compared to a year ago. In total, the Indeed site reported that they saw a 15% YoY drop in job

Meta is halting remote job postings and clarifies that it's 'purely temporary'

Per Fox Business Meta clarifies that its decision to place remote job postings to a halt is "purely temporary. A company spokesperson spoke to FOX Business to clarify the company's decisions. "We remain committed to remote work. We've merely temporarily paused new remote work

Contractors at Microsoft earned $90/hr in 2021, while PhD holders now earn $45/hr

Per Bloomberg In 2021, Microsoft was reportedly paying its contractors $90 an hour. Now, some tech jobs are still paying workers $120 an hour. PhD holders, on the other hand, were only making $45 an hour. This was according to a former UX designer, Hang Xu, who ran a New

Some Meta employees are to experience lower bonuses and more staff assessment

Per Reuters As part of Meta's cost-cutting measures, some employees are expected to receive lower bonuses and more staff assessment. Now, the staff is expected to be assessed twice a year. Per WSJ, citing an internal memo, employees that perform well by the end of 2023 in their

Survey of over 1,000 hiring managers reveals 27% of them have job postings up for over four months

Per WSJ In a survey, hiring managers revealed that over a quarter of them had job postings up for over four months. The survey consisted of 1,000 hiring managers, and they revealed a few facts about the job market. One of the revelations was that some hiring managers left