Facebook is giving $1k to every employee

#1

Post by 0xedb » Tue, Mar 17, 2020, 4:28 PM UTC

Facebook is giving $1k to every employee
theverge.com

Re: Facebook is giving $1k to every employee

#2

Post by maybeiambatman » Tue, Mar 17, 2020, 4:42 PM UTC

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

Re: Facebook is giving $1k to every employee

#3

Post by Hamuko » Tue, Mar 17, 2020, 4:45 PM UTC

>It’s not clear if Facebook will also give a bonus to contractors who are content moderators.

Let me guess: it doesn't.

Have Facebook contractors been given the right to work from home yet?

Re: Facebook is giving $1k to every employee

#4

Post by regnerba » Tue, Mar 17, 2020, 4:45 PM UTC

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.

Re: Facebook is giving $1k to every employee

#5

Post by buboard » Tue, Mar 17, 2020, 4:45 PM UTC

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

Re: Facebook is giving $1k to every employee

#6

Post by shartshooter » Tue, Mar 17, 2020, 4:46 PM UTC

the median compensation for a Facebook employee is $228,651

It’s not clear if Facebook will also give a bonus to contractors who are content moderators

Kudos to Facebook for trying to help their team weather the storm. Hopefully the folks who need it most get the bonuses as well.

Re: Facebook is giving $1k to every employee

#7

Post by 333c » Tue, Mar 17, 2020, 4:47 PM UTC

> It’s not clear if Facebook will also give a bonus to contractors who are content moderators.

It seems like they are the most at-risk, considering they are not paid as much as all the developers.

Re: Facebook is giving $1k to every employee

#8

Post by fallmonkey » Tue, Mar 17, 2020, 4:48 PM UTC

The title misses the other, and more impactful/unprecedented change of giving everyone "exceeds" rating and skipping perf review for them (except for those high performers who will get separate review).

That does far more than $1000 to relieve everyone and make it fair for those who have to take care of others in the family during such time.

Re: Facebook is giving $1k to every employee

#9

Post by 0x8BADF00D » Tue, Mar 17, 2020, 4:48 PM UTC

This will not do anything substantial. When monetizing the debt, the Fed should instead helicopter money to everyone. Everyone can then be a millionaire like in the Weimar Republic.

Re: Facebook is giving $1k to every employee

#10

Post by izzydata » Tue, Mar 17, 2020, 4:49 PM UTC

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.

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.