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kernanb t1_izzko6q wrote

Reply to comment by Familiar-Turtle in Meta ends $200-a-month Lyft rides perk for its 76,000 employees as cost-cutting continues by Familiar-Turtle

$180 million per year implies that all 76,000 employees take full advantage of the $200 a month Lyft perk. That calculation seems bogus.

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redyouch t1_izzmdvc wrote

Worked at Meta and never saw anyone use this perk my whole tenure.

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MLFanatic1337 t1_j0039v3 wrote

Same thing at amazon. $150/month in rideshare credits but you have to file an expense report for each ride and your boss has to approve it and it just looks bad if you are asking your manager every day for expensing $12 Uber rides.

I think the system has friction on purpose to prevent usage with the illusion of a perk.

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sign_up_in_secondss t1_j00dip1 wrote

same bait and switch when travel says you can book business class for flights over 7 hours in length but it has to go to your manager, director, and VP for approval

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TotallyNotDesechable t1_j00ekkp wrote

Ah i fucking hate this. my most frequent travel I do that it’s once per month is 7:56hrs (policy is 8hrs)

At least I can keep the miles tho… but still. I fucking hate it.

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ThePhantomTrollbooth t1_j00ignn wrote

If either destination has another airport, I would 1000% be checking those flight times.

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DrunkensteinsMonster t1_j03o1gf wrote

Conveniently you can get basically anywhere in the Continental US in under 7 hours regardless of where you are.

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JackfruitCountry t1_j01flbt wrote

Google doesn’t do this. Gross that other tech companies do. Hope they don’t follow suit.

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Konras t1_j0136fs wrote

Why does it look bad? If that is a perk, use it.

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MLFanatic1337 t1_j015iqi wrote

You have to send a daily email to get reimbursed to your manager if using it. Software managers already have no time in Amazon. Entry level tech people get at least $75/hr straight out of college, so it looks really bad to ask your boss to spend time each day approving the expense to actually receive the perk.

If they start to resent that daily paperwork, you get delayed for promotion or are first on the chopping block during layoffs.

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Konras t1_j016c8b wrote

Then perhaps a system for bulk approval of those request should be created?

Also that is the role of managers. If they want to do actual work, they did choose wrong career path.

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themagictoast t1_j01csu9 wrote

This is a “use it or lose it” benefit so it’s not really in the company’s interest to help you claim it.

These are very common in big companies to make your bottom line “package” look impressive without adding to your actual base pay (which the important benefits like pension and bonus are tied to). Usual corporate nonsense.

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Konras t1_j01ehdl wrote

However it should be in company interest to reduce administrative workload on managers. It just sounds ineffective for me.

Either way, companies put those bonuses forward to supposedly limit turnover, but in reality they piss off their staff and achieve the opposite.

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TeaKingMac t1_j01j4ku wrote

>it should be in company interest to reduce administrative workload on managers.

There is no workload for managers if no one submits requests. And the company saves money

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Konras t1_j01mjkr wrote

Read the 2nd part. You think company saves money in the long run with increased turnover that is caused in part by stupid practices like this?

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TeaKingMac t1_j01pzsu wrote

Companies don't care about long run, only current quarter.

Also, who's leaving a FAANG because they can't get free rides to work?

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Konras t1_j01rvxv wrote

Let's see. Stocks are falling -60%. A lot of stuff is fired. Projects are being cancelled. Now they take your $200 ride home allowance away.

Even if your love FAANG, switching from F to another letter would be a not so stupid idea now.

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TeaKingMac t1_j01wg66 wrote

Yeah sure, but the 200$/month bus fare is pennies compared to the thousands of dollars you're losing in declining stock.

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Konras t1_j0216p0 wrote

Above you said that company makes it complicated to use this benefit to save money. But at the same time this allowance is nothing compared to stock they grant.

I think we can agree that compensation and benefits specialists at Meta are not exactly on top of their game.

When you remove a benefit people will be annoyed about it. When its nothing compared to what you pay to those people, why even bother?

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guesswho135 t1_j01f79q wrote

"up to an estimated $180 million"

But in actuality about $15 plus tip

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NotAHost t1_j009y1r wrote

They estimated. Might not be a great estimate but it’s an estimate.

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lodger238 t1_j027sxm wrote

You're right. I guess you could say that was their "exposure" but not their expense.

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