The cost of “doing business” strikes again
this post was submitted on 05 Dec 2023
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AKA Bargain Law Breaking for Maximum Profits
Don’t make light of this, guys. I bet this settlement set their profit roadmap back by entire minutes!
I'm clutching my existential pearls as I type.
Unless the settlement also includes conditions and somebody appointed by the court to ensure compliance
If I didn't get it wrong: 166 billion yearly profit, thats like over 450 million a day. Less than two hours to break even on that settlement.
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What kind of math is this? They will get $20, but actually $45?
From the article
“ That’s about $45 each on average, the lawsuit notes. The actual individual payments will be calculated based on the employee’s tenure with the company, but each one will receive at least a fixed payment of $20, with an additional $22 to $59 tacked on for many.”
The average dollar amount per employee and the amount each employee will actual be paid are not the same.
Thanks! It’s still peanuts either way, but it’s weird they still tried to spin it like everyone got $20 when many seemed to get more than double that.
Mm they didn't really spin it though? It's a flat increase to 20$ with tenure tacked on, which is case by case. The person you replied to directly quoted from the article.
$20 can buy lots of peanuts.
And peanuts can be used to accelerate compost. If you do, do so only when the time is right because bugs and other larger animals will be attracted to the smell of peanuts.
When is the time right?
Right before they begin to rot. That’s when they help accelerate the compost. I’m basically paraphrasing from an article I read. I can’t find the original article.
That explains why so many product managers got laid off. They were targeting the source of the lawsuit.