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Facebook is giving $1k to every employee

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11–20 of 210 posts

Re: Facebook is giving $1k to every employee

#11
post #4

But why? Aren't most of their employees going to still be making their salary anyways? What do they need the extra money for? The people in the economy that really need the money are not the people working at Facebook. I mean, congrats to Facebook employees, I just don't understand why.

Not every FB employee is a highly paid software engineer who has savings to weather a multi-month public health crisis.

Re: Facebook is giving $1k to every employee

#13

Damn, say what you will about FB, that's a gesture and a half.

Why? It's a fraction of a percent of most employees' annual pay, which presumably they are still receiving. If anything, it's like giving everyone a tiny bonus for some PR. At least that's how I read it.

If they gave that money to contractors, that would actually be a gesture of good will. Honestly I feel like they'd be better off only giving it to contractors and ignoring their employees, who are already extremely well-paid.

Re: Facebook is giving $1k to every employee

#14
post #4

But why? Aren't most of their employees going to still be making their salary anyways? What do they need the extra money for? The people in the economy that really need the money are not the people working at Facebook. I mean, congrats to Facebook employees, I just don't understand why.

Not every FB employee is a highly paid software engineer who has savings to weather a multi-month public health crisis.

then not everyone should get it

Re: Facebook is giving $1k to every employee

#16
post #4

But why? Aren't most of their employees going to still be making their salary anyways? What do they need the extra money for? The people in the economy that really need the money are not the people working at Facebook. I mean, congrats to Facebook employees, I just don't understand why.

Maybe they think all their employees will spend an extra $1000 they wouldn't have otherwise. Some of it might be spent keeping local business running for a week? I don't know.

I don’t work at FB, but I’ve definitely spent a few hundred these past couple of weeks preparing for the current situation.

Re: Facebook is giving $1k to every employee

#17
post #4

But why? Aren't most of their employees going to still be making their salary anyways? What do they need the extra money for? The people in the economy that really need the money are not the people working at Facebook. I mean, congrats to Facebook employees, I just don't understand why.

Maybe they think all their employees will spend an extra $1000 they wouldn't have otherwise. Some of it might be spent keeping local business running for a week? I don't know.

arent local businesses closing?

Re: Facebook is giving $1k to every employee

#18
post #4

But why? Aren't most of their employees going to still be making their salary anyways? What do they need the extra money for? The people in the economy that really need the money are not the people working at Facebook. I mean, congrats to Facebook employees, I just don't understand why.

Yes, but in the Bay Area it's not uncommon to have household workers – cleaners, nannies, etc. Something like this would allow people to continue to pay those folks who are not working now, and have no other form of income or assistance. It would help the FB workers, because they're going to be doing that work on top of their normal jobs.

Not saying that's what people will use the money for, but it ups the odds at least.

If you're a tech worker and you have savings to weather a crisis: consider your plans for all the people who rely on you, who are waiting for something and not sure when and if its coming.

Re: Facebook is giving $1k to every employee

#19
post #18
post #4

But why? Aren't most of their employees going to still be making their salary anyways? What do they need the extra money for? The people in the economy that really need the money are not the people working at Facebook. I mean, congrats to Facebook employees, I just don't understand why.

Yes, but in the Bay Area it's not uncommon to have household workers – cleaners, nannies, etc. Something like this would allow people to continue to pay those folks who are not working now, and have no other form of income or assistance. It would help the FB workers, because they're going to be doing that work on top of their normal jobs. Not saying that's what people will use the money for, but it ups the odds at le…

So the classic argument of 'trickle down economics'. I"d wager that that $1k will just go into their bank account, like their bonus would.

Re: Facebook is giving $1k to every employee

#20
Not sure why there are so many negative comments. This is a win and sets a great example that hopefully other companies can follow.

Yes, software engineers at FB have probably no (or very little) problem working from home and get their $200k salary, but this is a win regardless.

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