Re:Twitter owner transition: Temporary ban on product update...
by humanwhosits on Tuesday April 26, 2022 @02:21PM
(#31171126)
What happens to comp in a large private company like this? Do they just pay lots of cash netflix-style?
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Re:Twitter owner transition: Temporary ban on product update...
by mattchamb on Tuesday April 26, 2022 @02:35PM
(#31171336)
I've seen companies in similar situations stop issuing RSUs but also not increase cash comp in order to encourage people to leave as their RSUs vest.
Re:Twitter owner transition: Temporary ban on product update...
by therealdrag0 on Wednesday April 27, 2022 @01:29AM
(#31176655)
Why would you want to encourage employees to leave? I understand there’s desired attrition of bad employees but isn’t most attrition undesirable? How do you build product by pushing out experience?
Re:Twitter owner transition: Temporary ban on product update...
by mattchamb on Wednesday April 27, 2022 @07:32AM
(#31178632)
In the case I am most familiar with, private equity is involved. They want to get rid of the expensive people and replace them with people in cheaper locations because they view people as interchangeable.
It is going about as well as you can imagine.
Re:Twitter owner transition: Temporary ban on product update...
by tomrod on Tuesday April 26, 2022 @02:34PM
(#31171318)
My understanding (outsider / second hand) is that Musk reduces wages. Others may have better info.
Re:Twitter owner transition: Temporary ban on product update...
by acchow on Tuesday April 26, 2022 @02:28PM
(#31171222)
I imagine Twitter employees' RSUs are getting bought out as well and it would make sense to just stop issuing more RSUs.
Re:Twitter owner transition: Temporary ban on product update...
by mensetmanusman on Tuesday April 26, 2022 @02:28PM
(#31171228)
Yes