Tech IndustryOct 28, 2022
Metadaddy_thad

Bay Area Facebook workers reportedly stressed as stock tanks

https://www.sfgate.com/tech/article/facebook-worker-anxiety-meta-stock-17541887.php How stressed are you? Edit: TC $280k and falling fast

Facebook workers reportedly under duress as stock craters
Facebook workers reportedly under duress as stock craters
SFGATE
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169 Participants
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Apple JGšŸŽ Oct 28, 2022

It happens

LinkedIn luk20 Oct 28, 2022

Why stressed? You will be getting good refreshers at low price ?

Meta daddy_thad OP Oct 28, 2022

Thatā€™s assuming this is the lowest we go. People said the same last year when we got refreshers at $220

Meta fbskkakff Oct 28, 2022

Idiotic statement. Lose a bunch of money but get a few extra shares due to refresher. Idiot.

Microsoft Yh7w9oe Oct 28, 2022

Pretty much everywhere

Qualcomm brntbtry Oct 28, 2022

Why is all of blind rejoicing / fascinated about this topic. Saw a similar post about Meta employees in Seattle. These are real people with mouths to feed. This can happen to anyone especially given the current economic circumstances. Letā€™s help out Meta employees in any way we can, be it through referrals or otherwise.

Meta daddy_thad OP Oct 28, 2022

Blind is not rejoicing . It directly points to the article. If you want to see how real world people are rejoicing to this news go look at Reddit calling for tech workers to ā€œgo back to Bangaloreā€ Blind is not a toxic cesspool yet.

Qualcomm brntbtry Oct 28, 2022

OP look at the comments in this post Check out this post! "My metamate housing buyers are getting fked šŸ˜¢ (Housing)" https://us.teamblind.com/s/Sy2wg0nY

LinkedIn xhSh66 Oct 28, 2022

They bought expensive houses in Los Altos, Palo Alto and Cupertino, with invested stock in their mortgage payment calculator, we will see some short sales soon

Google fi2retire Oct 28, 2022

They would have diversified

LinkedIn xhSh66 Oct 28, 2022

I meant unvested

New
TotheMoons Oct 28, 2022

I do feel bad for all of you, but just remember some of us don't GET rsus, so nothing to go up or down. And don't ever get refreshers. Just a glass half full comment.

Confluent tangerinešŸŠ Oct 28, 2022

I always think of my RSUā€™s as Monopoly money: I donā€™t make financial decisions based on them. In fact, I try to live as though my commission doesnā€™t exist as well.

ZEFR sig70 Oct 28, 2022

This is the way

ServiceNow hkqd80 Oct 28, 2022

Feel a little bad for people just doing their jobs and providing for their families at meta. Feel schadenfreude because meta is a cancerous company that is a net negative on our society.

Meta daddy_thad OP Oct 28, 2022

So is Google. This media rant singling out just Meta is uncalled for. I donā€™t see them attacking some other company as vehemently as Meta. Last time it happened, it was Uber .

Amazon wawY45 Oct 28, 2022

"workers". šŸ¤£šŸ¤£šŸ¤£ They're Metamates! They're not "Facebook workers"!

Elsevier pslv Oct 28, 2022

Do not click on it. sfgate copied it from BI: "According to a Business Insider report from Wednesday, Facebook workers are feeling heightened pressure to overperform or get sacked." sfgate may be the bay area's biggest news site, but they have no original content!