this post was submitted on 13 Jan 2024
283 points (98.6% liked)
Work Reform
10006 readers
8 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
When the layoffs start, it will also be because of the employees.
I mean, have they not started? Pretty sure I lost my job earlier this week in a mass tech layoff, more to come next week.
The kicker is we saw the bad decision coming, we told them, we protested with all we had. They admitted that is was their fault, but now need layoffs.
100% of the executive team was kept on board, the.CEO saying that they have been punished enough with the stock price. So yeah, doesn't matter who is to blame and if you caught them red handed, it would still be your fault. Theyre laughing at us.
Yes because making less profit is the same as losing your entire income.
A lot of people are paid a decent part of their comp through stocks too, they almost double my salary over the 4 year vesting period.
No offence, but fuck shareholders. They’re a giant part of society’s woes.
This is an ideal concept but for me a shareholder should be like a private financer that holds an interest on a company that gets sacked the moment the capital they lent is returned with interest.
I could not care less if a company I was invested in stated it was aiming to have a fixed yearly profit of X amount, no more, no less. That would send a clear message the company would be aiming for quality in their products/services and trust with their clients, with no funny ideas behind the scenes to squeeze pennies and dimmes in blood from the employees.
Oh, and as a shareholder, the last thing I would want would be a CEO or whatever chair aiming for bonus: you earn a salary, get benefits, that is it. If you get the boot, you are just another employee, not a rockstar.
It's free money for me, I don't hold any other stocks, it's just because they give them.
I signed a deal for around 10k stocks over 4 years (worth 250k at the time, worth 350k now), in top of my full salary.
Would you say no? Haha
My company has done 6 layoffs in the past 18 months, all because of a bad bet the previous CEO made. It's amazing how one person can tank a company, cost 100s of people their livelihoods, and walk away with a golden parachute and a new job of equal level at another larger company.
I've only ever seen an executive be punished for one thing: bad mouthing the company. Anything else they skate on. Accountability and consequences are for the peons.