The handbook which is linked is both irritating to navigate, and seemingly anemic. There are, however, hints as to their specific future funding activities, which include Offline Freecodecamp and Last Mile, with hints in the Activities section that lead me to deduce that the activities will be in the communities where Last Mile and the like work. Which is admirable. The results-focused aspect is different to any I've come across before, and I'll be interested to see if there's any future update on how they actually do.
Gitlab foundation established to increase people’s lifetime earnings
11–20 of 41 posts
Re: Gitlab foundation established to increase people’s lifetime earnings
#12If Gitlab wants to increase peoples' lifetime earning, why not start with its own employees? Didn't they layoff hundreds of people?
Yes, they let go 130 employees a couple of months ago. They're also a company whose remote pay is dependent on location. So they're unwilling to pay people what they're actually worth.
> They're also a company whose remote pay is dependent on location. So they're unwilling to pay people what they're actually worth.
They are also paying significantly less than their competitors. No wonder they are falling behind.
I have no clue what this "foundation" is, the wording is extremely vague.
Re: Gitlab foundation established to increase people’s lifetime earnings
#13If Gitlab wants to increase peoples' lifetime earning, why not start with its own employees? Didn't they layoff hundreds of people?
Yes, they let go 130 employees a couple of months ago. They're also a company whose remote pay is dependent on location. So they're unwilling to pay people what they're actually worth.
"They're also a company whose remote pay is dependent on location."
What is it with companies doing this? It never made sense to me that a company would pay me more or less depending on where I lived. If I'm doing the same work why should my location matter?
Re: Gitlab foundation established to increase people’s lifetime earnings
#14Earlier quoted context omitted.
Yes, they let go 130 employees a couple of months ago. They're also a company whose remote pay is dependent on location. So they're unwilling to pay people what they're actually worth.
"They're also a company whose remote pay is dependent on location." What is it with companies doing this? It never made sense to me that a company would pay me more or less depending on where I lived. If I'm doing the same work why should my location matter?
Oh man, I agree with you. The typical answer is: market.
But on a side note, this should make us blatantly clear that, all else being equal, our work has no inherent value.
Re: Gitlab foundation established to increase people’s lifetime earnings
#15I know they're just starting, but this is so vague... > grow their lifetime earnings through education, training, access to opportunities, and systems change on a global scale What is their actual plan? What opportunities? What systems? I hope they make a positive impact but so far it just seems like marketing hype.
There are some concrete examples here, but it really feels like most of the opportunities are around software as that's still the lowest-barrier, training-time-efficient, highest paying job you can learn remotely. That's by far the easiest way to reach their 1:100 investment/income ratio. https://gitlabfoundation.notion.site/Activities-47c282c91b54... https://gitlabfoundation.notion.site/Intervention-Points-50f...
Hypothetically, if every one does the same career, then all salaries will decrease in that career. Supply / demand.
We need a healthy, heterogeneous career market. Driving everyone to become programmers isn't it.
Re: Gitlab foundation established to increase people’s lifetime earnings
#16Relevant S-3 ASR[1] filed last week Friday.
[1] https://www.sec.gov/Archives/edgar/data/1653482/000162828023...
Re: Gitlab foundation established to increase people’s lifetime earnings
#17Earlier quoted context omitted.
Yes, they let go 130 employees a couple of months ago. They're also a company whose remote pay is dependent on location. So they're unwilling to pay people what they're actually worth.
"They're also a company whose remote pay is dependent on location." What is it with companies doing this? It never made sense to me that a company would pay me more or less depending on where I lived. If I'm doing the same work why should my location matter?
I use it to my advantage - if I'm remote working for the Bay Area I can double my local salary but still be significantly lower than a Bay Area local.
Re: Gitlab foundation established to increase people’s lifetime earnings
#18If Gitlab wants to increase peoples' lifetime earning, why not start with its own employees? Didn't they layoff hundreds of people?
That would result in a $1 increase per dollar spent, which is 1% of the ROI they're aiming for.
Re: Gitlab foundation established to increase people’s lifetime earnings
#19If Gitlab wants to increase peoples' lifetime earning, why not start with its own employees? Didn't they layoff hundreds of people?
Yes, they let go 130 employees a couple of months ago. They're also a company whose remote pay is dependent on location. So they're unwilling to pay people what they're actually worth.
Evil GitLab is unwilling to pay people what they're actually worth. Poor GitLab employees worldwide cannot resist from being taken advantage of and have to work for unworthy amounts...
Every time GitLab comes up someone will bring this topic up.
San Francisco salaries are not a worldwide benchmark of people's worth.
There are valid reasons why GitLab doesn't pay engineers in Kenya $200k.
Should I also swing your logic the other way?
If an engineer in Kenya for $50k does the same work and output as you, a $200k engineer in SF, can we now say you're being overpaid 4x what you're actually worth?
If people don't understand why companies pays local labour market rates, either look at GitLab's income statement and multiply 2000 employees by your definition of "worth" or start your own business and show how everyone in the world can pay 8 billion people the same salaries. Good luck.
https://about.gitlab.com/handbook/total-rewards/compensation...
https://about.gitlab.com/blog/2019/02/28/why-we-pay-local-ra...
Re: Gitlab foundation established to increase people’s lifetime earnings
#20Earlier quoted context omitted.
> Massive over simplification but surely if everyone keeps trying to earn more money - that money has to come from somewhere, inflation happens and we're at where we are now all over again. The game is rigged. Humans do not all learn at the same rate. We will not be "where we are now all over again", as many people will be much smarter and more experienced.
They're talking about earning though - not learning.
Earning more money over time is a skill, one that people learn after they are born and begin participating in the economy.
Not everyone acquires this skill at the same rate. Some never acquire it. Some acquire it and leave it at an average level. Some are constantly trying to level up this skill.