22 votes

Open AI announces $1.5 million bonus for every employee

9 comments

  1. danke
    Link
    A bunch of bloggers and low-quality outlets misreported this and it's mostly wrong. Around 1000 technical staff received bonuses of up to $1.5M over two years depending on job family & tenure,...

    A bunch of bloggers and low-quality outlets misreported this and it's mostly wrong. Around 1000 technical staff received bonuses of up to $1.5M over two years depending on job family & tenure, offered in choice of cash, equity or split. This was not "$1.5M for all full-time employees".

    39 votes
  2. [5]
    teaearlgraycold
    Link
    The bonus is broken up over 2 years. Base pay is very high at OpenAI. So pretty much everyone there is now making over $1MM per year.

    The bonus is broken up over 2 years. Base pay is very high at OpenAI. So pretty much everyone there is now making over $1MM per year.

    14 votes
    1. [4]
      skybrian
      Link Parent
      I assume this doesn’t include contractors, but I wonder whether “all employees” at OpenAI includes some people who aren’t software engineers or management?

      I assume this doesn’t include contractors, but I wonder whether “all employees” at OpenAI includes some people who aren’t software engineers or management?

      10 votes
      1. [3]
        teaearlgraycold
        Link Parent
        A lot of big tech companies use contractors for cleaning, cooking, etc. So I assume this is entirely for already highly paid people.

        A lot of big tech companies use contractors for cleaning, cooking, etc. So I assume this is entirely for already highly paid people.

        11 votes
        1. [2]
          JXM
          Link Parent
          So much for being a public good company!

          So much for being a public good company!

          9 votes
          1. teaearlgraycold
            Link Parent
            You don’t understand. All they do is keep the workforce fed and the offices clean. That work doesn’t deserve respect! But attending meetings? Checking in on those project deadlines? Managing...

            You don’t understand. All they do is keep the workforce fed and the offices clean. That work doesn’t deserve respect! But attending meetings? Checking in on those project deadlines? Managing overseas data entry teams? That’s important stuff!

            11 votes
  3. [2]
    kari
    Link
    The company that–*checks notes*–loses billions of dollars a year is going to spend $1 billion on bonuses. Makes sense.

    The company that–*checks notes*–loses billions of dollars a year is going to spend $1 billion on bonuses. Makes sense.

    10 votes
    1. TonesTones
      Link Parent
      Especially considering danke’s comment saying it’s only for technical staff, something like this is probably a response to the acquihiring of talent places like Google Deepmind and Meta are doing...

      Especially considering danke’s comment saying it’s only for technical staff, something like this is probably a response to the acquihiring of talent places like Google Deepmind and Meta are doing to eliminate startup competition (offer order-of-magnitude salary increases to take the talent out from those startups instead of buying out the shareholders).

      8 votes
  4. cfabbro
    Link
    Mirror: https://archive.is/yyIJA (although the regwall only blocks 3 more sentences)

    Mirror: https://archive.is/yyIJA
    (although the regwall only blocks 3 more sentences)

    4 votes