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LigerXT5 t1_j9cnjzv wrote

So, punish the workers for the poor reputation/service of the company.

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Ok-Welder-4816 t1_j9ddwgc wrote

The workers are actually part-owners. They accepted stock as partial payment, and that stock is now worth less because the company's performance is slipping.

Ownership always has risks, as it should be.

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Longjumping_Worry184 t1_j9di5t7 wrote

Sure it's a risk, but it's gotta stuck for someone who took an Amazon offer for $150k total comp 2 years ago when $70k of that comes from RSUs this year, that person's take home pay is taking a big hit for no fault of their own and at lower Corp pay ranges that's a painful drop

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darwinkh2os t1_j9dr3jh wrote

It does suck - luckily for the L4s and L5s it's not that bad - 50% RSUs is really at L6 and/or manager roles. Levels.fyi accurately shows fairly up-to-date compensation.

It "sucks" for the VPs, which I suspect - like another commenter here - is why they raised the max base pay up significantly last year. They raised that cap in Feb 2022 just after the first post-Covid slump (which followed earnings the VPs would have known about).

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ExceedingChunk t1_j9e9pwd wrote

Yeah, but that is the risk taken to get that high comp potentially in the first place.

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Silver-Armadillo-479 t1_j9fdlmj wrote

Exactly. Why are people crying for those who make a ton of money? I took a job with a higher salary and lower variable comp because... I value... stability... Reddit wants to cry and bemoan for people that 2 years ago were making $300k with most of it being stock? Fuck that

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hawtdawtz t1_j9ehjdy wrote

as someone who’s salary is over half in the form of RSUs it’s important that we stop feeling bad for these people. We know the risk we’re taking, and let me promise you that their base salaries are more than a reasonable overall wage.

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GothicToast t1_j9f5sg8 wrote

And what about every other year when the stock surges 30%. Is that because of the workers? When things are good, it's because of the workers. But when things are bad, it's the "poor reputation/service of the company."

Good grief. These employees took a job where the comp is outlined ahead of time. It's heavy stock. You'd have to be highly regarded to not understand the risk there. There's a chance to smash your total comp target, but there's also a chance to not hit it. That is fair.

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LigerXT5 t1_j9ffmuy wrote

I say "poor reputation/service of the company" because places like Walmart will blame poor work ethics, dedication to work, and increased theft because no one cares to keep the products in good sellable condition.

But yet if the store does great, everyone get $20-100(?) bonus in their next pay check.

Or my favorite that I went through, the store went through a small remodel. They say big, but if all you're doing is repainting some walls and a couple new sign sup, that's not significant. Usually when a remodel happens, the quarterly bonus is slashed, or eliminated. In my experience, we got hardly to no bonus that quarter.

It's not just Walmart. Amazon likes to hint that their poor service is on their employees. Too many breaks, using the bathroom too much, going on strike or mere gossip of it.

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