Travis Kalanick's CloudKitchens Repeats Uber Playbook, Loses Staff

Re:Travis Kalanick's CloudKitchens Repeats Uber Playbook, Lo... by biggc on Thursday April 22, 2021 @09:06PM (#26909967)

How do you get good employees with such a terrible work culture? Their compensation structure doesn't seem great either.

> Employees receive 10% of their equity allotment (in some cases called profit units, since the company's an LLC) for their first year, 20% the second, 30% the third, and the final 40% the fourth year. And employees need to stay through the entire fourth year – if you leave at day 364, you're out of luck for your 40%.

AFAIK, even Amazon shares vest monthly.

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Re:Travis Kalanick's CloudKitchens Repeats Uber Playbook, Lo... by bigmutant on Thursday April 22, 2021 @09:23PM (#26910073)

Amazon's vest structure is 5/15/40/40. Every vest after the first two years is bi-yearly ie every six months (including additional grants). Amazon makes up the difference with cash in the first two years. The Target Compensation limit is another story entirely...

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Re:Travis Kalanick's CloudKitchens Repeats Uber Playbook, Lo... by dilyevsky on Thursday April 22, 2021 @09:09PM (#26909977)

They are in LA area so probably local market is that way bc afaik Snap did the same

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Re:Travis Kalanick's CloudKitchens Repeats Uber Playbook, Lo... by bestcoder69 on Thursday April 22, 2021 @09:08PM (#26909971)

Nope, every 6mo

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