Facebook is giving $1k to every employee
theverge.com
theverge.com
I hate defending FB, but these measures are really good.
And $100 million in cash grants and ad credits to small businesses in 30 countries.
https://www.facebook.com/business/boost/grants
#idontspeakforfb
Yes, software engineers at FB have probably no (or very little) problem working from home and get their $200k salary, but this is a win regardless.
It’s seen as rearranging deck chairs on the titanic. the median compensation for a Facebook employee is $228,651 That’s not a group facing huge financial issues which 1k is going to do much about.
I am not saying it is a poor use of 45 million dollars, but I can see people viewing this as meaningless.
That does far more than $1000 to relieve everyone and make it fair for those who have to take care of others in the family during such time.
Interestingly, I assume they're doing this because it means they can skip the performance cycle entirely. That's a good way to save process. It's gonna harm some people who were on track to do better than exceeds, though. (On average it should help people.)
There's no news about this yet, but I've heard that people that are on track to do better than exceeds will likely still have a review so that they don't miss out.
Several employees are pledging to donate that to charities, including me. Internally, employees are mobilizing to help others in need, via fundraising and other causes. It's a beautiful sight.
FB is giving away around $100 million to 30K small businesses. Zuckerberg has pledged to match up to $20 million in donations. And he's pledged money via his philanthropic arm to fight COVID-19.
Stop complaining and start doing. What did you do today to help others ?
Let me guess: it doesn't.
Have Facebook contractors been given the right to work from home yet?
At Facebook or in general?
I don't know FB's specific policies but in general, no, being a contractor does not automatically imply that you can work remotely.
This was in the news last week. Pretty sure I picked it up from Hacker News.
Then Accenture should be giving them allowance to work from home, not facebook.
https://about.fb.com/news/2020/03/coronavirus/#keeping-our-t...
Facebook contractors have that right implicitly. If the contractor is required to perform their work in a certain way, they are a statutory employee. By filing their taxes as employees, rather than contractors, this would hit facebook with an IRS investigation and hefty fines. They don't need to be given permission to work from home.
>A Facebook spokesperson told The Intercept that “for both our full-time employees and contingent workforce there is some work that cannot be done from home…for content reviewers, some of this work must be done from the office for safety, privacy and legal reasons,” adding that “we’re exploring work from home options on a temporary basis, and have already enabled it in some locations.”
The 'exceeds' performance review will have a much bigger impact on income.
Not until mid-September bonus payout, though.
Not having to write perf reviews: priceless!
If they gave that money to contractors, that would actually be a gesture of good will. Honestly I feel like they'd be better off only giving it to contractors and ignoring their employees, who are already extremely well-paid.
Facebook has always been known for its unethical decisions, but this is just dumb - unless their goal is to get some incredibly superficial PR for what is a very small amount of money to them (tens of millions is a rounding error compared to their quarterly revenue).
For perspective: someone on a $100k salary with a 10% bonus might normally expect $4-8k bonus. Not it'll be $9-10k. Depending on how high the salaries are and how large the bonus %'s are the difference could be quite a lot.
read the article - they're giving out 1k to each of the 45k employees. i'm sorry for the contractors (i don't know if it includes them) but that's still a small city's worth of people. they're also guaranteeing bonuses for the next two quarters for all of those people. i don't care about fb but the move definitely clears the bar for nice gesture even if it's not nobel peace prize worthy.
like how about we just rejoice in one small nice thing instead of taking meaningless cynical potshots?
Why not actually do something useful with the money, like donate it to a charity in need that's trying to help those suffering from the epidemic?
Yes - I genuinely think this is a bad move, as in they should have not done it at all. As someone who does make a stupid amount of money, I wouldn't care about an extra $1k, but I know people that would. This is just trickle down economics.
Again, this is basically the worst use of the money Facebook could have considered for anything with a remotely philanthropic angle. It reeks of a PR grab to me, and even if not it's just a horrible decision if their goal is to help those in need.
Huh, this isn't philanthropic. The $100 million they are giving to small businesses is philanthropic.
This is simply a benefit that they are providing to their employees.
Your comment is purely nonsensical. You're acting like FB sent out a press release that talked about this as how they are helping the world fight coronavirus.
I can't see why this is so hard to understand.
It’s not clear if Facebook will also give a bonus to contractors who are content moderators
Kudos to Facebook for trying to help their team weather the storm. Hopefully the folks who need it most get the bonuses as well.
There was another article posted recently about a CEO raising the minimum salary of all of his employees to $70,000 and cutting his personal costs to afford it, and even with this gesture there were many negative comments and conspiracy theories about it.
https://en.wikipedia.org/wiki/Shareholder_primacy
Why did they choose $1,000? Why not $2,000, $6,000 on any other number for that matter? They are piggy backing on the good will Andrew Yang and Mitt Romney generated.
I know this may be a __radical__ idea, but possibly paying your employees more and giving them good benefits helps you: 1) get the best candidates 2) keep the best candidates 3) keep workers happy (read efficient) 4) keeps them working longer hours and taking less time off (less stress). If only there was a plethora of studies and historical evidence to back this.
If you can’t be an example, be a warning.
It's not actually exceptionally easy to make the jump from service worker to professional for most people. It can be done, but it's not exceptionally easy to study and advance through a professional career path while working multiple minimum wage jobs and supporting a family, struggling with mental illness/addiction/health/etc.
Sure it's exceptionally easy if you have a comfortable home life and no responsibilities and are given the opportunities and guidance and support to develop professional skills. And sure there are tons of people who take those opportunities for granted. Fuck those people though we're not talking about them they're a small minority and they fucking suck. The VAST majority of people who get stuck in this wage slavery system don't have any of that. It's not easy at all.
Honestly really sad how many people on here don't get this. This shouldn't be controversial in any way. Humans are selfish, lazy creatures in general, including the "successful" ones. We should always have compassion for those less fortunate. I'm on my way to getting a good salary and I recognize how incredibly fortunate I will be to have that. I wont think someone else still working a service job is just lazy or whatever because I understand how hard it is out there. I could care less about downvotes but it's sad to see people "disagree" with empathy.
If that is your characterization of the arguments against UBI, you are not paying attention, and I am someone who is rather favorable to UBI (or a negative income tax). Your characterization of your opponent's argument is extremely disingenuous.
I shouldn't have spoken so absolutely there, I'm totally open to hearing any and all real concerns about this. We should really be pursuing it seriously though and trying to find solutions to these concerns instead of just identifying and using them to write it off. It really can't be overstated how amazing this would be for working class people, and it really can't be overstated how much they deserve it.
It'll have untold positive ripple effects in our society, and as I understand it all we really have to overcome is maybe some inflation. We should experiment and run simulations and research the hell out of this because we owe it to the people who make our food, deliver our packages, etc
I don't know that there's any object lesson in that, but it's worth remembering that most of us live positively enveloped in so much privilege that we take for granted how much more difficult the struggle could be.
We're all suffering. Americans are very spoiled in certain ways, but we miss out on basic human things like buying homes, starting families, self actualization in general. People living in shacks are generally much happier than most people I know here, despite all the struggles one faces in such conditions.
It's all relative. It doesn't matter if I would be the richest man in some village in Belize if I don't and can't live there. The reality is that we have the resources for everyones basic needs to be taken care of, but that would be socialism which is a sin. Instead we let a small percentage of the population hoard all of those resources and force us to work ourselves to death to get back just enough to survive. It's horrific, and it's even more horrific to see working class people defending that system. There is no reason everyone can't sleep in a warm bed with clean sheets tonight and eat a warm meal of their choosing.
Some of the frustration is because millions of people in the U.S. may be losing their service jobs soon and may find themselves in financial difficulty.
Meanwhile many Facebook employees already lead a life of privilege with excellent access to healthcare, free on-site perks, and good base salary and stock options. They are isolated from many of the experiences and problems of the daily grind across the U.S.
This bonus can also be seen as a political move by Facebook to undermine the current administration by essentially 'acting faster' than them in providing a demand-side financial stimulus.
It doesn't seem likely that they've co-ordinated with government or other tech companies on this policy, since not many employers nationwide would be able to provide the same kind of bonus, raising further inequity concerns.
Alternatively it can be seen as a bonus for people who might have been able to cope anyway by adapting their lifestyles temporarily. The median compensation for a Facebook employee is $228,651 according to the article.
Either way it will likely be an interesting decision to reflect on as the situation and political landscape develops.
It's reasonable to question the actions of one of the most powerful surveillance apparatuses the world has ever known.
Feels like the wrong thing to be paranoid with Facebook over.
People are waking up to how oppressed and abused they are by their governments and employers. They are frustrated and upset, and they are venting those frustrations on HN (among other places on the internet).
Instead of bemoaning how it makes you feel bad (you poor thing!), why not take a look at what they're actually saying?
(Just an insider's point of view, as I feel like HN doesn't get too many of these.)
Gifts like this are a good example: $1k is objectively small compared to annual salary, but it feels like a lot, so it is great to get given it.
[0] I don’t work for FB, but I had a similar effect with the ~£60 “birthday” gifts at my first post-uni employer: small number, big morale impact. Conversely, the carnival and fireworks they arranged to celebrate a certain threshold made me feel less connected to everyone else at that place.
The more I think about it, I’m wondering if I’m normal and it was all just anchoring bias because of details I don’t want to repeat in public…
I would say no?
There should be some cynical response to that.
"Oh you loose your business? I just got 1k extra to my FB salary"
I'm not even sure why FB would not try to do something for the society directly with it's money instead of giving it to there well paid employees.
Can they not help their employees too? I'm a FB employee and while I'm not in need, not everyone is a developer. Life is expensive here in the bay. I think some people need to chill.
I feel like they are becoming a new company (growth from teenage years I guess).
The people in the economy that really need the money are not the people working at Facebook.
I mean, congrats to Facebook employees, I just don't understand why.
Facebook is not short of money. I'm glad they're doing something extra for their employees in these times.
Not saying that's what people will use the money for, but it ups the odds at least.
If you're a tech worker and you have savings to weather a crisis: consider your plans for all the people who rely on you, who are waiting for something and not sure when and if its coming.
They are doing something positive in their locus of control. And of course people are upset about it because... reasons.
</sarcasm>
Bill Gates became (one of) the world's richest individuals via a monopoly and predatory capitalism, and destroyed many companies and individuals on their path to riches. Facebook's wealth derives from selling users' personal information that they should have never been allowed to obtain in the first place.
I realize someone like Gates or a company like Facebook is going to be damned if they do and damned if they don't, but it doesn't change the fact that our system is not even close to as fair as we're constantly told it is.
How do you define a charity?
Scenario: 1 month ago, you're an FB employee, and working, and you pay a nanny.
Today: you're an FB employee, and working, and you pay a nanny.
How is FB giving the FB employee changing anything at all? There's something I'm missing in this.
I suspect even if they're working from home, having a nanny/cleaner/etc at home isn't "no value" just "less value".
But I still don't know why - if this is the case - why people who are still employed/working full time, getting their regular paycheck, just working from home, would feel the need to stop whatever domestic services they had in place.
Because there's a pandemic going on and they don't want outside people in their house? Also, some of these services are now illegal in many cities including SF (Child/adult/senior care is still allowed. I'm assuming cleaners aren't.)
Do you have a notion of who owes whom how much? Then please share.
I’m not making a policy argument, nor am I a proponent of trickle down economics.
This is about a specific, local situation in the midst of a crisis.
Its great that none of the employees at my company have to show up sick and will still get paid, but what about us temps and contractors? The temps and contractors are the ones that will be spreading covid-19 due to our circumstances.
AFAIK, the company is continuing to pay these folks, even when the offices are closed.
Not sure if that’s the intent here, but makes sense.
2. It's an expenses budget for home working equipment, not just cash in their paychecks, and not with max performance rating for max bonus
2. Does that matter? Paycheck stipend is easier to process for everyone and just makes it the same amount for everyone so policy is easier.
Seems like a nice thing to do for employees that might have extra expenses during the lockdown (higher grocery cost, etc.)
If you do not do that, you need to cut hours, which reduce your income.
What FB does here is to comfort their worried employees with some money, push the overall moral and mitigate some of the impacts ppl feel.
You can replace babysitting with caregiving, being sick, etc.
In fact, we've already cancelled our babysitter's visits. She's a nurse-in-training, so she understands.
https://sf.gov/stay-home-except-essential-needs "Are nannies permitted to be used? What about other in-home child care? In some instances. If the nanny provides medical/health care for the child, then yes. If the nanny lives with you, then yes. Otherwise, nannies not necessary for medical care are not permitted. Also, parents required to work away from home for essential services may need in-home child care, which is permitted."
f. For the purposes of this Order, “Essential Businesses” means: xviii. Home-based care for seniors, adults, or children;
h. For the purposes of this Order, “Essential Travel” includes travel for any of the following purposes. ii. Travel to care for elderly, minors, dependents, persons with disabilities, or other vulnerable persons.
https://sf.gov/stay-home-except-essential-needs "Are nannies permitted to be used? What about other in-home child care? In some instances. If the nanny provides medical/health care for the child, then yes. If the nanny lives with you, then yes. Otherwise, nannies not necessary for medical care are not permitted. Also, parents required to work away from home for essential services may need in-home child care, which is permitted."
f. For the purposes of this Order, “Essential Businesses” means: xviii. Home-based care for seniors, adults, or children;
h. For the purposes of this Order, “Essential Travel” includes travel for any of the following purposes. ii. Travel to care for elderly, minors, dependents, persons with disabilities, or other vulnerable persons.
It says nothing about limitations to this based on need for medical care only.
Are Facebook employees paid by the hour?
Why on earth would you need childcare if you work from home? Oh such hard work at FB.
Also remember that that 300k really translates to $130-$180 (guestimate numbers) base and the rest if stock which has also been falling
I'm a current shareholder, and will be a larger one if the price keeps going down :)
not everyone is making a software engineer salary at Facebook.
personally, i never had a proper work from home setup so i would spend it on an ergonomic chair, keyboard, mouse, noise cancelling headphone, dual monitor etc.
[0] The roughly half of the company that works from home already got to expense setting up their home office when they were hired, so this mainly helps the people who were working from a company office.
Facebook are still paying all contractors their regular pay, even if they're not needed at the moment:
> Facebook will pay contingent workers that cannot work due to reduced staffing requirements during voluntary work from home, when we close an office, when we choose to send an employee home, or when they are sick
https://techcrunch.com/2020/03/06/facebook-commits-to-paying...
It seems like they are the most at-risk, considering they are not paid as much as all the developers.
And that's part of the problem, IMO. It enables Facebook to say "we're giving these protections to all our employees" which is technically correct but leaves out many people who labor for Facebook.
I have rarely seen a greater bunch of whining here. Don’t like FB as a business? Fine, I don’t really either. But they take care of their people. If there must be an outpouring of whining, maybe direct it at those other companies that also have cash on hand and aren’t giving some of it to employees?
Why give an extra $1,000 to someone who is still making their salary? Or you know at least cut it off at people making over $100,000 or something.
Meanwhile in silicon valley people making an average of $228k a year get a $1,000 for no reason. They are on salary already and $1,000 doesn’t move the needle for them. This is absurd.
If it doesn't help, what have we lost, other companies are doing nothing, it seems. https://about.fb.com/company-info/ says 85 locations around the World.