this post was submitted on 19 Jan 2024
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Work Reform

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[–] gravitas_deficiency 40 points 7 months ago (1 children)

The comp cut thing is going to be interesting to see play out, because that comp is why most people put up with working at places like that. They’re selling their morals. And I can’t honestly blame them that much, considering how unforgiving and brutal the socioeconomic system in this country has become.

[–] [email protected] 13 points 7 months ago

I thought the comp cut was the most telling part.

"Stock price is low, so you should reduce employee's stock options"

He sees employees' stock options as competition for the stocks. Add in the job cuts he wants and the company will be selling all those employee's unvested stock options at a low price.

And of course stock prices shoot up soon after job cuts