Gotta get creative with your layoffs when you already did massive layoffs but still need to please wall street.
But honestly why is that bad? I’m vegan and I work at a bakery. When we get to eat products that I don’t eat, I pass my portion to my coworkers, because obviously. When we made alcohol out of our leftover bread, my observant Muslim coworkers gave us their bottles.
The employees are happier and we actually talk about and get to know the products more (which is the whole point)
Well in this case, it’s $25 that wasn’t going to be spent that now does get spent. If you do that for a year it’s $7k additional. I don’t think it’s fireable, but I can at least understand from a bean counter perspective how that’s enough.
I didn’t see anything about meta collecting unspent vouchers. If they are, that’s a good reason, but there’s a not inconsiderable overhead involved in that collection and redistribution/refunding, so I’m not automatically assuming that they are.
Even at $19k/employee/year, this is small potatoes for meta and I would be astounded if they’re honestly doing this for something so petty. A goodwill gesture towards your employees is basically always a good investment.
But I guess they’ll get the best qualified quintile of employees to voluntarily quit, then be left with a bunch of wary, maliciously compliant employees who weren’t good enough to get jobs anywhere else. Not worth it, imo.
Are they vouchers? I don’t remember from the article, but I’d assume it’s just the employees give Facebook their Uber account info and whenever it goes down to $0, FB automatically reloads the account. I’d imagine it would be way too much effort to pass out physical cards to everyone.
Your point about only retaining the worst employees is valid though
