Insider Weekly: Uber’s mass exodus – We found Larry Page – Exclusive salary database

Hello!

Welcome to this weekly roundup of stories from Insider. I’m Olivia Oran, filling in this week for Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.

What we’re going over today:

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What’s trending this morning:


See how much Google, Netflix, and others pay

Insider compiled more than 250,000 salaries across more than 250 major companies, including Facebook, Amazon, Google and Lyft. Our new database is searchable by company and job title:

For a long time, sharing salary information has been a major taboo in America, which makes it difficult to know how much you should be getting paid.

To help prepare you for your next salary negotiation, Insider has created a searchable database of the last three years of salary disclosures, collected from the USCIS website, curated to a range of more than 250 companies that Insider reporters regularly cover.

The data is filterable by employer name, type of job, and job location, catching the differences between software engineers in Silicon Valley and Miami.

See the database here:

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Uber’s trying to address their high turnover rate

Uber CEO Dara Khosrowshahi is seen sitting on stage speaking during an event

Employees are leaving Uber so fast that executives had to have an all-hands meeting about it. The pandemic has caused many workers to change jobs or careers, though some Uber staffers blame uninspiring leadership:

The worry with a high attrition rate, said Uber employees and HR specialists, is that the company could lose key talent, causing leaders to spend more energy hiring replacements rather than focusing on the business.

An internal email from June announcing new roles for two HR employees said they would be “hyper-focused on recruiting and attrition.” Uber has hired more than 200 senior managers in the past six months, according to a person familiar with the matter.

Current and former Uber employees differ on why turnover is rising so much. Some chalk it up to longtime colleagues pursuing fresh opportunities. Others said it reflects Uber’s current culture and the leadership of CEO Dara Khosrowshahi, which, though far less tumultuous than the Travis Kalanick days, can also be less inspiring.

Read the full story here:

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The most promising fintechs to watch in 2021

5 vcs on a blue background lined up left to right talking about business fintech
From left: Karim Atiyeh and Eric Glyman, founders of Ramp; Shuo Wang, cofounder and CRO of Deel; Stephany Kirkpatrick, founder and CEO of Orum; and Richie Serna, founder and CEO of Finix.

Insider asked more than 40 top fintech investors – from Citi Ventures to Fin Venture Capital – to nominate the most promising fintechs to watch this year. The list includes a number of top B2B startups – here’s a preview:

Cardless

Cited by: Activant Capital (investor)

Total raised: $50 million

What it does: Cardless enables brands to launch their own digital credit cards.

Why it’s promising: “Cardless enables modern brands and fintechs that have built strong communities to offer innovative and rewarding digital credit cards to their consumers, allowing these companies to launch programs in weeks versus six to nine months with best-in-class developer infrastructure,” said Steve Sarracino, founder and partner at Activant Capital.

Check out the full list here:

Also read:


Ryan Tolkin made Schonfeld a heavyweight hedge fund

headshot of ryan tolkin against a green background with faded images of duke university, steven schonfeld, and the schonfeld logo

What started as a family office evolved into an industry giant with over 600 employees – and 34-year-old Ryan Tolkin led the way. Insider spoke to those who know him best to better understand who he is and what drives him:

How he got to his lofty perch is a combination of natural ability and extreme focus and discipline, said those who know him best. Professors described him as both intelligent and prepared, while fraternity brothers remember a driven friend who wouldn’t let anything get in the way of his ultimate goals.

Schonfeld has grown into one of the industry’s more prominent multi-managers thanks to years of solid performance, fundraising, and aggressive hiring.

Now, after being appointed CEO at the beginning of the year and launching a new macro division more recently, Tolkin is riding as high as ever.

Find out more about the ambitious CEO here:

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Finally, here are some headlines you might have missed last week.

– Olivia

Read the original article on Business Insider