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What happens to comp in a large private company like this? Do they just pay lots of cash netflix-style?
by humanwhosits 4y ago
What happens to comp in a large private company like this? Do they just pay lots of cash netflix-style?
- acchow 4y agoI imagine Twitter employees' RSUs are getting bought out as well and it would make sense to just stop issuing more RSUs.
- mensetmanusman 4y agoYes
- tomrod 4y agoMy understanding (outsider / second hand) is that Musk reduces wages. Others may have better info.
- mattchamb 4y agoI've seen companies in similar situations stop issuing RSUs but also not increase cash comp in order to encourage people to leave as their RSUs vest.
- therealdrag0 4y agoWhy would you want to encourage employees to leave? I understand there’s desired attrition of bad employees but isn’t most attrition undesirable? How do you build product by pushing out experience?
- mattchamb 4y agoIn the case I am most familiar with, private equity is involved. They want to get rid of the expensive people and replace them with people in cheaper locations because they view people as interchangeable. It is going about as well as you can imagine.