How Much Reddit Pays Employees: Salary, Job Postings
- Reddit recently announced that it has filed for an initial public offering.
- The social media company has stepped up its recruitments as it expands internationally.
- The insider reviewed the filings to find out how much Reddit pays in the United States for certain roles.
Reddit recently announced that it has filed initial documents for an initial public offering. The social media company is would seek a valuation of $ 15 billion – far from 10 million dollars he came back in 2006, when CondÃ© Nast bought it.
Indeed, Reddit – founded in 2005 by CEO Steve Huffman and Alexis Ohanian, now a venture capitalist – has come a long way since then.
Reddit is home to more than 100,000 online communities, called subreddits, and has more than 52 million daily users, according to the company. In the second quarter of 2021, its advertising revenues broke $ 100 million for the first time, the company said in August.
Building on this growth, Reddit has raised two rounds of venture capital funding that were announced this year, with the latest valuing the company at more than 10 billion dollars.
Reddit’s influence extends far beyond the internet. Over the past couple of years, it’s become a popular forum for investors: the r / WallStreetBets subreddit has helped fuel the rise of âmemes stocksâ to skyrocketing returns and forcing some short sellers to back down.
More recently, Reddit has been a center of discussion on retirement from work, as the pandemic has caused people to reconsider their career paths.
As Reddit’s cultural impact has grown, so has its employee base. The company has looked to increase its hiring over the past year, especially as it expands to locations such as Canada, Australia and Germany. Reddit now employs some 1,300 people worldwide, according to the company.
Earlier this month, Nellie Peshkov, Director of Human Resources at Reddit, spoke to Insider about the top questions she asks candidates, including what have been the most rewarding and least rewarding experiences in their careers.
If candidates pass these interviews, they could earn salaries in excess of $ 200,000 per year, based on information from public records.
Insider looked at public data released this year on 63 positions Reddit filled through work visas to get a glimpse of what the company pays for certain roles, including engineers, data scientists, and chief executives. product.
Companies must disclose to the U.S. government how much they pay their employees through the H-1B visa program, which is a significant portion of Silicon Valley’s workforce. The Overseas Labor Certification Office makes this information public annually.
Most of the roles Reddit sought to fill were based in California. New York came far behind and the remaining positions were located in Colorado, Massachusetts, New Jersey, Nevada, Ohio and Washington State.
This is only annual salary information and does not include other compensation such as shares or bonuses. While not the complete picture, information still represents a rare window into how much the company pays its employees.