Valued at $11 Billion, Bolt is hoping to make just $50 Million in revenue this year: https://www.pymnts.com/news/investment-tracker/2021/headless-commerce-startup-bolt-eyes-14b-valuation/ The company has been valued that much because investors (BlackRock and others) wrote a cheque which valued it that much. The problem is that if it turns out it isn't worth that much then the investors have agreements to get all their money back before anyone else. Its too long winded to explain here. Anyway, the 27 year old founder and CEO yesterday announced to everyone that “We rolled out THE MOST EMPLOYEE-FRIENDLY stock option program possible.” https://archive.fo/fSCWX#selection-627.41-627.113 Effectively the plan they have outlined means that if the employees go through with it, they are personally liable for paying investors if the company is not worth $11 Billion. The employees who go through with the plan may end up outright bankrupt, losing their homes and everything. Read the comments in the replies (and…
Short background stories. I work in a bank, as a loan officer, somewhere in eastern Europe. I've been working there for a year and they just gave me a new, permanent contract without a raise. It's a high stress, high pressure job, with targets that keep getting bigger and bigger and crazy high rates on loans. And salary is miserable. After the yearly conversation with my superior (who is nice), I've asked for a raise and since he is not the one who makes that decision, he asked me to give him 2 months and he'll get me one. I accepted but I've already started looking for other job. If I'm working under this much of stress then I f***ing wanna be paid well for it. If not, then I'm leaving and I'll find less stressing job for the same salary at least. This kind of life can't be all….…
A sub for sharing salaries
I have created a new sub called r/SalaryShare in which I invite everyone who is sick of being unfairly compensated at their job to openly discuss their compensation. There we can discuss what we make and where we make it. Through doing so we hope to gain strength in salary negotiations and create a work environment in which everyone is compensated fairly. We have all been screwed by corporate greed or witnessed someone being underpaid based on who they might be or where they might come from. Hell, most of us have been personal victims of it ourselves. Everyone deserves more and a chance to live a life free of worrying about how you will pay for groceries and keep a roof over your head. This is one way we will make a measurable impact. Please help grow this community and keep it moving in a positive direction. It is…
when i started this job in november, there was always some sort of snack for everyone in the break room. sometimes it was a gesture of appreciation from management, other times just something from a generous coworker. nothing fancy. i didn't always take any but i liked the culture around it and contributed some baked goods at christmas time. my job is minimum wage but has this whole bullshit thing about raising money all the time. it's not even like it's our idea and it's for a seriously bullshit reason. legit, when a coworker works up the nerve to tell the boss they're having a hard time financially, our boss announces at our morning gathering the next day that we're going to start a pledge drive for them. this has happened three times since i was hired on. this time it's because someone's son lost his house in a fire.…
Got told off for trying to be nice
So I work in academia, and believe me when I tell you people are vain to no end. My boss is an 82 old with management methods straight out of the 1960's, i.e. drop a little asinine comment in passing, completely destroy your work during meetings etc… Anyway I need to use another professor's instrument as we don't have it ourselves (named Mark), and I write an email to him starting my email off with “Hi Marc” (I'm not a native English speaker, I thought Marc was the right spelling). Anyway I cc'd my boss in, and low and behold not 30 mins pass and I get an email shitting on me telling me I don't know how to spell, I should address people by their title, this is not professional. I fucking started 3 months ago, getting insane pressure from this dude that pays me next to nothing. I…
Yes, some jobs are brain dead af, require zero skill and basically could be done by a robot. But if a person is doing that job, you should be paying them a comfortable/livable wage. If you can't afford the cost/privilege of having people do a task for you, you don't deserve the privilege of running a business and should be shut down.
Title says it all. Received an email from a recruiter with a commercial real estate company here in Texas for a position that I'd be a perfect fit for. Bachelor's degree, 5+ years of applicable experience, plenty of applicable certifications, 80% done with my MBA. We scheduled an interview time with the respective hiring manager and on the day of I patiently waited on Zoom for a meeting that never happened. 5 minutes, 15 minutes, 30 minutes, an hour…no call, no show. They emailed me back the following morning saying that the notification just never made it to the interviewer's desk. Sure. So we schedule a phone call. The hiring manager shows up 11 minute late and the entire time I can hear him snickering to a group of people in the background barely paying attention. On the third question he says “Yeah I don't think this is the job…