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this post was submitted on 19 Jan 2024
860 points (97.7% liked)
Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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The comp cut thing is going to be interesting to see play out, because that comp is why most people put up with working at places like that. They’re selling their morals. And I can’t honestly blame them that much, considering how unforgiving and brutal the socioeconomic system in this country has become.
I thought the comp cut was the most telling part.
"Stock price is low, so you should reduce employee's stock options"
He sees employees' stock options as competition for the stocks. Add in the job cuts he wants and the company will be selling all those employee's unvested stock options at a low price.
And of course stock prices shoot up soon after job cuts