News for hackers. Stuff that matters.

A comment on Meta stock sinks more than 23%. Parent comment

Re:Meta stock sinks more than 23% by m3kw9 on Thursday October 27, 2022 @10:57AM (#33358509)
Pay cut is relative. If you started 5 years ago you still wouldn’t have a pay cut. But if you only count the fall from the peak, yes you have a “pay cut”.
[ Parent | on HN ]
Re:Meta stock sinks more than 23% by wilde on Thursday October 27, 2022 @11:22AM (#33358927)
That’s not how it works. Meta (like many large employers) issues refresh stock grants yearly. So everyone’s current comp is down.
[ Parent | on HN ]