Meta reduces stock awards to employees by 10%(ft.com)
ft.com
Meta reduces stock awards to employees by 10%
https://www.ft.com/content/67a4c030-a7f6-47af-bab0-a998f0a09506
3 comments
> with one sharing a meme suggesting staff might need a union.
Why hasn't this happened yet at some major tech firm?
Demographic is politically favourable to it. Concerns that drove unionization in past decades are similar, from outsourcing to pay to a say in how the business is run. Amazon has plenty of working condition concerns too. The goodwill has largely evaporated. The party is over for employees, as they are now seen as a nuisance and cost centre.
I thought that as Musk walked into Twitter, that would have been the ultimate time for a bunch of techies to sign union cards.
Why hasn't this happened yet at some major tech firm?
Demographic is politically favourable to it. Concerns that drove unionization in past decades are similar, from outsourcing to pay to a say in how the business is run. Amazon has plenty of working condition concerns too. The goodwill has largely evaporated. The party is over for employees, as they are now seen as a nuisance and cost centre.
I thought that as Musk walked into Twitter, that would have been the ultimate time for a bunch of techies to sign union cards.
It's absolutely wild watching Meta throw it all away on a bet that their ChatBot will replace their best employees. If it works then I guess the execs will keep getting rich for a while longer. If not, they'll never return to their previous level.