563
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 29 Sep 2023
563 points (98.6% liked)
Technology
58123 readers
4357 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
I’m wondering if they get away with it despite the lack of stock movement. So much of staff compensation is tied to stock price. Staff previously got RSUs allocated and stayed because they went up in value every year but lately it’s been stagnant. People are less likely to put up with this bullshit if there is no big payout at the end.
What stock price are looking at? It's up 50% this year.
And before you quote that it's lower than its peak during COVID, so is the majority of not all big tech firms.
The stock vests across 4 years and then you get a refresh. There are a lot of staff that started 2019-2022 that are thinking about their lost value. Amazon will offer extra stock so they don’t lose money but many people are driven to work there from stories of the people previoiusly that would see their share price increase dramatically month to month like from 2013-2020. That’s what everyone got used to. So if you were told you got 60k of RSUs across 4 years, you knew it was really like 150k at least. For those that started like 4ish years ago that is no longer the case and I wonder how it will impact staff attrition.