this post was submitted on 17 Apr 2025
88 points (100.0% liked)
askchapo
22959 readers
326 users here now
Ask Hexbear is the place to ask and answer ~~thought-provoking~~ questions.
Rules:
-
Posts must ask a question.
-
If the question asked is serious, answer seriously.
-
Questions where you want to learn more about socialism are allowed, but questions in bad faith are not.
-
Try !feedback@hexbear.net if you're having questions about regarding moderation, site policy, the site itself, development, volunteering or the mod team.
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'll tell you what my tech company got bought a bit ago and in the process they fired 10% of our staff and demoted me two levels. I know almost everyone got demoted. They did give me a 2% raise though and some stock in the company which is also great because in the short time since they bought us said stock has dropped 50%. This was before the tariffs. Oh and it doesn't vest for 4 years so I have to stay for 4 years to even access the stock. And if they fire me I lose all of it so. Yeah so good.
I have a friend whose company got bought 2 weeks ago and in the announcement meeting they read off the names of everyone who leaves immediately, more than half the company. The rest were told to stay for 2-9 months but all will be gone by the end of the year.
So yeah investment capital is really super awesome for the workers and the capitalists who bought these small private companies have really added a lot of value to the workers. Clearly.