471–480 of 1001 posts
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Seriously, that severance is awesome. Of all the tech workers struggling, the ones from companies big enough to throw 4+ mo severance packages are not the ones I am worried about. Any smaller company your severance is a pat on the back.
Yep. last time I got laid off, I got paid through that day. nothing else.
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I always wonder what gives these people the drive to continue. Maybe I’m lazy and lacking vision but if I were worth 2B, I don’t think I would go to the office every day just to get accused of mismanagement when I have to lay people off. I would take my yacht to the Caribbean and slack off.
One hardly needs $2B to slack off on a boat in the Caribbean… many people do so on surprisingly nice ~30 foot sailboats you can buy with a few months work at minimum wage, and wild seafood is free I see a lot of people that say “If I won the lottery I’d….” and then describe something they could definitely do without winning the lottery… which makes me think they still would not actually do so if they won
For context, Drew Houston's total compensation for the year in 2023 was $1.5M: > According to our data, Dropbox, Inc. ... paid its CEO total annual compensation worth US$1.5m over the year to December 2023. That's a notable increase of 34% on last year via https://finance.yahoo.com/news/heres-why-dropbox-inc-nasdaq-... Even if Drew took minimum wage, that would save ~15 jobs assuming $100K all-in comp (which seems lo…
ic1 at dropbox is 175k and ic4 is near 500k, ic5 near 700k.
https://www.levels.fyi/companies/dropbox/salaries
Do they really need such highly paid engineers? Are they really doing anything that innovative, new or first on market.
They could probably save these jobs by adjusting the comps.
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> Drew Houston's total compensation for the year in 2023 was $1.5M That is insanely low for the CEO of a public company of Dropbox's size. But I suspect he owned a lot of shares in the company so when it went public, so he doesn't need salary, it is just a rounding error in terms of his wealth. EDIT: Yeah, he is worth $2B according to Forbes: https://www.forbes.com/profile/drew-houston/
I always wonder what gives these people the drive to continue. Maybe I’m lazy and lacking vision but if I were worth 2B, I don’t think I would go to the office every day just to get accused of mismanagement when I have to lay people off. I would take my yacht to the Caribbean and slack off.
I'm working part time anyway, because it keeps me busy and interacting with people outside my home, and it gives me access to interesting real world problems that I can't really access as an individual person on the interwebs. Having other people depend on me to get things done provides motivation to keep moving on things that I can't seem to manage on my personal projects.
If I liked the kind of organizational management work a CEO does and I was good at it, I'd probably get roped into being a CEO.
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Seriously, that severance is awesome. Of all the tech workers struggling, the ones from companies big enough to throw 4+ mo severance packages are not the ones I am worried about. Any smaller company your severance is a pat on the back.
And all the debt you pile up while struggling to get hired.
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> Drew Houston's total compensation for the year in 2023 was $1.5M That is insanely low for the CEO of a public company of Dropbox's size. But I suspect he owned a lot of shares in the company so when it went public, so he doesn't need salary, it is just a rounding error in terms of his wealth. EDIT: Yeah, he is worth $2B according to Forbes: https://www.forbes.com/profile/drew-houston/
I always wonder what gives these people the drive to continue. Maybe I’m lazy and lacking vision but if I were worth 2B, I don’t think I would go to the office every day just to get accused of mismanagement when I have to lay people off. I would take my yacht to the Caribbean and slack off.
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Really? 16 weeks of salary, or 4 months of pay. In my country, you get 3 months of pay as standard when you're fired from your job. Doesn't seem that great to me to be honest.
In the US, the minimum required is usually zero. The most I ever got was 4 weeks.
https://en.wikipedia.org/wiki/Worker_Adjustment_and_Retraini...
Very generous severance packages and companies/laders should be commended for this. If it's a one-and-done big cut with generous packages to save the company, then good on them. Somehow overhiring and maintaining said headcount long enough to need to do a 20% cut is probably less commendable, but not exactly an outlier there in the current climate. I've always wondered about all these standalone "point solution" comp…
They've been doing 20% layoffs two years in a row now.
For context, Drew Houston's total compensation for the year in 2023 was $1.5M: > According to our data, Dropbox, Inc. ... paid its CEO total annual compensation worth US$1.5m over the year to December 2023. That's a notable increase of 34% on last year via https://finance.yahoo.com/news/heres-why-dropbox-inc-nasdaq-... Even if Drew took minimum wage, that would save ~15 jobs assuming $100K all-in comp (which seems lo…
> Drew Houston's total compensation for the year in 2023 was $1.5M That is insanely low for the CEO of a public company of Dropbox's size. But I suspect he owned a lot of shares in the company so when it went public, so he doesn't need salary, it is just a rounding error in terms of his wealth. EDIT: Yeah, he is worth $2B according to Forbes: https://www.forbes.com/profile/drew-houston/
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Really? 16 weeks of salary, or 4 months of pay. In my country, you get 3 months of pay as standard when you're fired from your job. Doesn't seem that great to me to be honest.
Do you earn SF salaries in your country?