Amazon bought Eero for $97M and employees still got screwed
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Re: Amazon bought Eero for $97M and employees still got screwed
#2Even the "Head of People Operations" gets $827,000. Rank and file? $0.03 cents per share.
Re: Amazon bought Eero for $97M and employees still got screwed
#3Even the "Head of People Operations" gets $827,000. Rank and file? $0.03 cents per share.
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Re: Amazon bought Eero for $97M and employees still got screwed
#4[deleted]
Re: Amazon bought Eero for $97M and employees still got screwed
#5For what it’s worth, this is what a fire sale / acqui-hire looks like for a large-ish hardware company.
Were investors and early employees screwed? Sure. But these execs could likely have gotten similar payouts over similar timeframes by simply jumping ship. As for Eero the company? Sounds like it was dead.
I don’t want to sound like I’m justifying this kind of behavior. But the main deceptive thing is calling this acquisition a “successful exit” — it was far from that!
Re: Amazon bought Eero for $97M and employees still got screwed
#6Sounds like the company failed and Amazon paid the people they wanted to keep. The headline is pretty misleading, as the story details that Eero received > $100M in investment before the sale, so investors lost money too.
Re: Amazon bought Eero for $97M and employees still got screwed
#7For what it’s worth, this is what a fire sale / acqui-hire looks like for a large-ish hardware company. Were investors and early employees screwed? Sure. But these execs could likely have gotten similar payouts over similar timeframes by simply jumping ship. As for Eero the company? Sounds like it was dead. I don’t want to sound like I’m justifying this kind of behavior. But the main deceptive thing is calling this a…
The issue is founders won regardless of which side the coin landed on and the employees got screwed.
I hope stories like this continue to break, and potential startup employees internalize the economic reality of working at a startup.
Re: Amazon bought Eero for $97M and employees still got screwed
#8This really makes me feel for the employees and extremely distrustful of stock-option focused payouts.
Re: Amazon bought Eero for $97M and employees still got screwed
#9Even the "Head of People Operations" gets $827,000. Rank and file? $0.03 cents per share.
I wonder if that's the person who "disabled group emailing and prohibited employees from sending out goodbye emails to say they were leaving."
Re: Amazon bought Eero for $97M and employees still got screwed
#10Even the "Head of People Operations" gets $827,000. Rank and file? $0.03 cents per share.
Her retention was necessary because she was the one who processed out all of the other employees.