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Facebook is giving $1k to every employee

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Re: Facebook is giving $1k to every employee

#131

I don’t know what the deal is, but I feel like the cynicism on HN has just constantly ramped up over the past couple of years. I actively feel worse after reading the comments on a lot of articles posted on here, and it’s just not an enjoyable experience. There was another article posted recently about a CEO raising the minimum salary of all of his employees to $70,000 and cutting his personal costs to afford it, and…

It's always been that way. Most notably, the launch of Dropbox.

Re: Facebook is giving $1k to every employee

#132

I don’t know what the deal is, but I feel like the cynicism on HN has just constantly ramped up over the past couple of years. I actively feel worse after reading the comments on a lot of articles posted on here, and it’s just not an enjoyable experience. There was another article posted recently about a CEO raising the minimum salary of all of his employees to $70,000 and cutting his personal costs to afford it, and…

Seriously, I don't know why people are trying so hard to find the negative here in a thousand bucks bonus to all employees. The top ranked comment in this entire thread is currently "But why? [...] What do they need the extra money for?" Talk about crab mentality. If your employer gives you extra money, you take it! Good on Facebook for redistributing some vanishingly tiny fraction of their cash to their employees in…

Here is why:

https://en.wikipedia.org/wiki/Shareholder_primacy

Why did they choose $1,000? Why not $2,000, $6,000 on any other number for that matter? They are piggy backing on the good will Andrew Yang and Mitt Romney generated.

Re: Facebook is giving $1k to every employee

#133

I don’t know what the deal is, but I feel like the cynicism on HN has just constantly ramped up over the past couple of years. I actively feel worse after reading the comments on a lot of articles posted on here, and it’s just not an enjoyable experience. There was another article posted recently about a CEO raising the minimum salary of all of his employees to $70,000 and cutting his personal costs to afford it, and…

It's pretty obvious: big tech companies like Facebook and Google have done a ton of horrible shit over the past decade, and have burned all the optimism and good will amongst the general public.

Re: Facebook is giving $1k to every employee

#134

I don’t know what the deal is, but I feel like the cynicism on HN has just constantly ramped up over the past couple of years. I actively feel worse after reading the comments on a lot of articles posted on here, and it’s just not an enjoyable experience. There was another article posted recently about a CEO raising the minimum salary of all of his employees to $70,000 and cutting his personal costs to afford it, and…

the cynicism on HN has just constantly ramped up over the past couple of years

People are waking up to how oppressed and abused they are by their governments and employers. They are frustrated and upset, and they are venting those frustrations on HN (among other places on the internet).

Instead of bemoaning how it makes you feel bad (you poor thing!), why not take a look at what they're actually saying?

Re: Facebook is giving $1k to every employee

#135

Earlier quoted context omitted.

Seriously, I don't know why people are trying so hard to find the negative here in a thousand bucks bonus to all employees. The top ranked comment in this entire thread is currently "But why? [...] What do they need the extra money for?" Talk about crab mentality. If your employer gives you extra money, you take it! Good on Facebook for redistributing some vanishingly tiny fraction of their cash to their employees in…

Here is why: https://en.wikipedia.org/wiki/Shareholder_primacy Why did they choose $1,000? Why not $2,000, $6,000 on any other number for that matter? They are piggy backing on the good will Andrew Yang and Mitt Romney generated.

Stated another way: this is a $45m PR investment.

Re: Facebook is giving $1k to every employee

#136
post #107

Shopify did the same. Supposedly to help employees to buy stuff they need for working from home. It's really a pair of decent monitors + a good usb hub.

That seems oddly tax inefficient. If you're buying equipment for work it should be expensed through the business. You shouldn't be paying income tax on it.

Re: Facebook is giving $1k to every employee

#137

I don’t know what the deal is, but I feel like the cynicism on HN has just constantly ramped up over the past couple of years. I actively feel worse after reading the comments on a lot of articles posted on here, and it’s just not an enjoyable experience. There was another article posted recently about a CEO raising the minimum salary of all of his employees to $70,000 and cutting his personal costs to afford it, and…

HN comments remind me of how monkeys would rather have nothing than see another monkey get more than them. https://www.youtube.com/watch?v=meiU6TxysCg

People are not always rational utility maximizers. See the Ultimatum Game[1]. There are always people who would rather get nothing than get a small amount when they know the other person would get more.

1: https://en.wikipedia.org/wiki/Ultimatum_game

Re: Facebook is giving $1k to every employee

#139

I don’t know what the deal is, but I feel like the cynicism on HN has just constantly ramped up over the past couple of years. I actively feel worse after reading the comments on a lot of articles posted on here, and it’s just not an enjoyable experience. There was another article posted recently about a CEO raising the minimum salary of all of his employees to $70,000 and cutting his personal costs to afford it, and…

Seriously, I don't know why people are trying so hard to find the negative here in a thousand bucks bonus to all employees. The top ranked comment in this entire thread is currently "But why? [...] What do they need the extra money for?" Talk about crab mentality. If your employer gives you extra money, you take it! Good on Facebook for redistributing some vanishingly tiny fraction of their cash to their employees in…

Because life is so easy that people need a crisis. This is especially true in the United States, where life is exceptionally easy.

Re: Facebook is giving $1k to every employee

#140
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.

Cause they can and the decided to do it. Adjusting to remote work does have a cost or two
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