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Konras t1_j01mjkr wrote

Reply to comment by TeaKingMac in Meta ends $200-a-month Lyft rides perk for its 76,000 employees as cost-cutting continues by Familiar-Turtle

Read the 2nd part. You think company saves money in the long run with increased turnover that is caused in part by stupid practices like this?

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TeaKingMac t1_j01pzsu wrote

Companies don't care about long run, only current quarter.

Also, who's leaving a FAANG because they can't get free rides to work?

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Konras t1_j01rvxv wrote

Let's see. Stocks are falling -60%. A lot of stuff is fired. Projects are being cancelled. Now they take your $200 ride home allowance away.

Even if your love FAANG, switching from F to another letter would be a not so stupid idea now.

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TeaKingMac t1_j01wg66 wrote

Yeah sure, but the 200$/month bus fare is pennies compared to the thousands of dollars you're losing in declining stock.

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Konras t1_j0216p0 wrote

Above you said that company makes it complicated to use this benefit to save money. But at the same time this allowance is nothing compared to stock they grant.

I think we can agree that compensation and benefits specialists at Meta are not exactly on top of their game.

When you remove a benefit people will be annoyed about it. When its nothing compared to what you pay to those people, why even bother?

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