this post was submitted on 19 Jan 2024
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Work Reform

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[–] [email protected] 12 points 10 months ago

I thought the comp cut was the most telling part.

"Stock price is low, so you should reduce employee's stock options"

He sees employees' stock options as competition for the stocks. Add in the job cuts he wants and the company will be selling all those employee's unvested stock options at a low price.

And of course stock prices shoot up soon after job cuts