OpenAI makes big change in its compensation policy; ChatGPT maker tells employees: We are ending the…
OpenAI has abolished its equity vesting cliff entirely, removing all waiting periods before new employees can access stock-based compensation, according to a Wall Street Journal report published Saturday. Applications chief Fidji Simo informed staff this week that the ChatGPT maker would immediately end the policy, which previously required new hires to work six months before receiving their first equity payout.
The decision is OpenAI’s latest salvo in an intensifying battle for elite AI talent, where researchers and engineers now command compensation packages that can exceed $100 million.
