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Facebook is giving $1k to every employee

theverge.com

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Re: Facebook is giving $1k to every employee

#41

Post by regnerba »

taylorhughes wrote: post #30
Jagat wrote: post #19

Earlier quoted context omitted.

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.

(fb employee here) fwiw I've heard of a ton of people continuing to pay housekeepers, nannies, etc. - I was going to pay our house cleaner to stay home anyway, but this removes any hesitation/excuse not to. I agree it's unnecessary, but it's a nice gesture and these FANG companies have the cash in the bank to help the Bay Area weather the storm safely.

Thanks for the response. That sure helps it make more sense. That extra bit to help make sure people like nannies are still employed but not working.

Re: Facebook is giving $1k to every employee

#42

Post by pathartl »

nodesocket wrote: post #15

> as the median compensation for a Facebook employee is $228,651 Meanwhile in silicon valley people making an average of $228k a year get a $1,000 for no reason. They are on salary already and $1,000 doesn’t move the needle for them. This is absurd.

Median != average

Re: Facebook is giving $1k to every employee

#43

Post by briffle »

regnerba wrote: 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.

Facebook should be doing this for their contractors. (not the software development ones).. the guys who clean the office, maintain the landscape, cook the food, clean the dishes in their cafeterias, etc.

Re: Facebook is giving $1k to every employee

#45

Post by outside1234 »

AlexandrB wrote: post #31
nostromo wrote: post #23

Earlier quoted context omitted.

Facebook is not the government. They are doing something positive in their locus of control. And of course people are upset about it because... reasons.

Are they giving their content moderation contractors $1k? I’m guessing not.

Why would they need it? They are still coming into work.

Re: Facebook is giving $1k to every employee

#46

Post by gonehome »

regnerba wrote: 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.

Shopify did it too, mostly it was to help with buying monitor, desk, chair, etc. to set up a home office.

Not sure if that’s the intent here, but makes sense.

Re: Facebook is giving $1k to every employee

#48

Post by tudelo »

Retric wrote: post #29
hmate9 wrote: post #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.

> Not sure why there are so many negative comments It’s seen as rearranging deck chairs on the titanic. the median compensation for a Facebook employee is $228,651 That’s not a group facing huge financial issues which 1k is going to do much about. I am not saying it is a poor use of 45 million dollars, but I can see people viewing this as meaningless.

Eh, imagine Facebook hired remote workers. I bet they would be fine giving them 1k upfront for tech setup

Re: Facebook is giving $1k to every employee

#49

Post by buboard »

tudelo wrote: post #44
buboard wrote: post #5

this sounds tone-deaf. Much better to give that money to employees other companies who actually need it.

You want... Facebook... To give 1000 dollars... To every employee of some other unnamed company...

this could be e.g. in the form of food delivery vouchers etc, speficically aimed to keep small businesses running

Re: Facebook is giving $1k to every employee

#50

Post by pbhjpbhj »

nodesocket wrote: post #15

> as the median compensation for a Facebook employee is $228,651 Meanwhile in silicon valley people making an average of $228k a year get a $1,000 for no reason. They are on salary already and $1,000 doesn’t move the needle for them. This is absurd.

I thought FB was global, and doubt that all of their staff make that much?

If it doesn't help, what have we lost, other companies are doing nothing, it seems. https://about.fb.com/company-info/ says 85 locations around the World.

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