Gitlab to lay off 7% of staff

Re:Gitlab to lay off 7% of staff by atomicnumber3 on Thursday February 09, 2023 @02:52PM (#34730299)

Ah no nothing like that. And 10 is just a pithy way to say that they want people to stay a long time if they're good. And they did that by, each year, if they wanted you out, you got a very small bonus. If they wanted you to stay, you got a very large bonus. That's all I meant - they retain you by giving you many dollars via payroll.

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Re:Gitlab to lay off 7% of staff by jokethrowaway on Thursday February 09, 2023 @03:25PM (#34730846)

Sensible, but if they can afford to give you a substantial bonus every year, you're making way too little to begin with.

You're anyway better with job hopping.

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Re:Gitlab to lay off 7% of staff by quietbritishjim on Thursday February 09, 2023 @03:36PM (#34731017)

I think the point is that salary + bonus = your real salary, but they give much if it in the form of a bonus so they can more easily choose to give your overall "salary" a cut.

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Re:Gitlab to lay off 7% of staff by atomicnumber3 on Thursday February 09, 2023 @03:50PM (#34731228)

It's how it works in the trading world. The base is decently competitive (for devs anyway) but the bonus is based on trading results and functions similarly (from an incentives/alignment and retention perspective) for how stock works for other companies.

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Re:Gitlab to lay off 7% of staff by ycombobreaker on Thursday February 09, 2023 @09:48PM (#34735035)

A trading shop can afford to give bigger bonuses to a smaller set of staff, not everyone who is still cutting teeth.

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