Comment by autaut
11 hours ago
Is he going to pay the severances out of pocket? Is he going to personally help those employees get back on their feet? Is he going to make sure their families are ok? Is he stepping down?
What does it look like besides cheap talk from a cheap and clueless leader?
The guy is just another mediocrity who tripped into a huge pile of money and now it’s everyone’s problem while he acts as a giant baby.
I think you're more upset about this than the typical Meta employee. Judging by... vibes, the main reason they aren't taking volunteers for these layoffs is that they might get more than 10% champing at the bit to take the severance.
The 2022 RSUs at Meta have more than doubled since the grant price, and are mostly vested out now, ending Feb 2027, after which there will be a steep TC decline for people employed since 2022, especially those on an initial grant or with very good performance for that refresher. There are a good portion of people sitting on either FIRE or at least extended funemployment amounts of money that the severance is looking mighty tempting to.
>provide severance packages for those in the United States that include “16 weeks of base pay plus two weeks for every year of employment”
That is a standard package and no way a FIRE or at least extended funemployment if they have children or a mortgage.
But crazy level of sycophancy on your part
> Is he going to pay the severances out of pocket?
More or less? The vast majority of his personal net worth is tied up in FB stock.
As to the other questions -- the severance package is pretty generous.
He is not putting the shares down himself. He is just subject to price fluctuations like everyone else — so how is he taking personal responsibility for it?