5 ms·

TBF all those people who took those promises also knew they might never come to realization. In which case, small exodus and you replace them with people FTE's

by ProAm 4y ago

TBF all those people who took those promises also knew they might never come to realization. In which case, small exodus and you replace them with people FTE's within a reasonable salary range. Happens all the time.

rco8786 4y ago
Yea absolutely. But they’re gonna leave for places that are actually paying stock. Stripe has to do something just for retention purposes.
- ProAm 4y ago
  I dont think so. Were entering a recession. There are more programmers looking for work, good programmers or employees, that will accept the current terms.
  - rco8786 4y ago
    This is a terrible way to do business and I am certain not how Stripe is thinking about it. Programmers are not commodities, especially ones that have been around your org for a while. It's also very expensive and difficult to hire new ones, even if you're hiring them at a cheaper salary than the last ones. Stripe 100% wants to retain its employee base, just like any company would.
    - danachow 4y ago
      > Programmers are not commodities But usually, they are treated as such. American companies have a hard time treating most of their white collar workforce as anything but. On the other hand, Stripe has been seemingly well managed up to this point - but they have only existed in happy times so far. Many companies change their tune when the chips are down. > It's also very expensive and difficult to hire new ones, even if you're hiring them at a cheaper salary than the last ones. This may be true - but the average tenure of a tech worker shows most firms are not able to do act on this. > Stripe 100% wants to retain its employee base, just like any company would. I wouldn't put it past Stripe, but "just like any company would" is pretty naive. Serious retention efforts are by far the exception in my observation. This also weakens your argument - is Stripe not actively working to retain talent or are they just like "any company?" If really the latter, then they are fucked.

by ProAm 4y ago

rco8786 4y ago

Yea absolutely. But they’re gonna leave for places that are actually paying stock. Stripe has to do something just for retention purposes.

ProAm 4y ago
I dont think so. Were entering a recession. There are more programmers looking for work, good programmers or employees, that will accept the current terms.
- rco8786 4y ago
  This is a terrible way to do business and I am certain not how Stripe is thinking about it. Programmers are not commodities, especially ones that have been around your org for a while. It's also very expensive and difficult to hire new ones, even if you're hiring them at a cheaper salary than the last ones. Stripe 100% wants to retain its employee base, just like any company would.
  - danachow 4y ago
    > Programmers are not commodities But usually, they are treated as such. American companies have a hard time treating most of their white collar workforce as anything but. On the other hand, Stripe has been seemingly well managed up to this point - but they have only existed in happy times so far. Many companies change their tune when the chips are down. > It's also very expensive and difficult to hire new ones, even if you're hiring them at a cheaper salary than the last ones. This may be true - but the average tenure of a tech worker shows most firms are not able to do act on this. > Stripe 100% wants to retain its employee base, just like any company would. I wouldn't put it past Stripe, but "just like any company would" is pretty naive. Serious retention efforts are by far the exception in my observation. This also weakens your argument - is Stripe not actively working to retain talent or are they just like "any company?" If really the latter, then they are fucked.