- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
Gotta get creative with your layoffs when you already did massive layoffs but still need to please wall street.
Gotta get creative with your layoffs when you already did massive layoffs but still need to please wall street.
I didn’t see anything about meta collecting unspent vouchers. If they are, that’s a good reason, but there’s a not inconsiderable overhead involved in that collection and redistribution/refunding, so I’m not automatically assuming that they are.
Even at $19k/employee/year, this is small potatoes for meta and I would be astounded if they’re honestly doing this for something so petty. A goodwill gesture towards your employees is basically always a good investment.
But I guess they’ll get the best qualified quintile of employees to voluntarily quit, then be left with a bunch of wary, maliciously compliant employees who weren’t good enough to get jobs anywhere else. Not worth it, imo.
Are they vouchers? I don’t remember from the article, but I’d assume it’s just the employees give Facebook their Uber account info and whenever it goes down to $0, FB automatically reloads the account. I’d imagine it would be way too much effort to pass out physical cards to everyone.
Your point about only retaining the worst employees is valid though
I actually can’t tell, it says they’re credits awarded in $25 increments- I could see that being either vouchers or employer accounts. I still lean towards something like vouchers, given that the increments are roughly equivalent to one meal each and the employees were pooling them, but it would be much more reasonable to do it the way you interpreted it. If they did that, they’d probably even be able to lock delivery to the office address for the majority of employees (I’m sure some people have to travel, but probably a small minority who could be given a different type of account), which would probably naturally cut down on the likelihood that people would misuse it (people obviously still could, but it’s not a good look to leave the office with a bunch of shopping bags, which would likely have a chilling effect).
Great username, by the way.