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Facebook To Give $1,000 Bonuses To Each of Its Employees To Deal With Coronavirus Fallout (cnbc.com) 26

Posted by msmash from the how-about-that dept.
Facebook on Tuesday told employees that it would give each of them $1,000 bonuses in an effort to support its workforce working remotely as they wait out the coronavirus pandemic. From a report: Facebook employs nearly 45,000 full-time workers, according to a January financial filing, but it also employs several thousands more contract workers. It is unclear if those contractors will also receive a bonus. Facebook isn't the only tech company providing cash bonuses to workers. Workday announced Monday it would pay cash bonuses worth two weeks of pay to its employees. Facebook on Tuesday also announced a $100 million program to help small businesses impacted by COVID-19. The program will provide up to 30,000 eligible small business with "cash grants and ad credits to help during this challenging time."
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Facebook To Give $1,000 Bonuses To Each of Its Employees To Deal With Coronavirus Fallout More

Facebook To Give $1,000 Bonuses To Each of Its Employees To Deal With Coronavirus Fallout

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  • Hmm, does everyone really need that? (Score:3, Insightful)

    by sziring ( 2245650 ) <szboo1@@@yahoo...com> on Tuesday March 17, 2020 @11:17AM (#59840688)

    Let's be honest the developers and white collar (or maybe it's hoodie) side most likely make good money to start with. It's all the behind scene personnel that could use the bonus. Plus $1,000 is more likely closer to $600 after all the taxes. So maybe they should have narrowed it down to giving $2k (or more) to just those that aren't making coin.

    • Re: (Score:2)

      by djinn6 ( 1868030 )

      I imagine most FB employees can just work from home, so they don't even have an interruption in their income, which makes this completely pointless.

  • bonuses = a lot of tax!

  • Drop in a bucket? (Score:3, Interesting)

    by Sebby ( 238625 ) on Tuesday March 17, 2020 @11:23AM (#59840724)

    Facebook on Tuesday told employees that it would give each of them $1,000 bonuses in an effort to support its workforce working remotely as they wait out the coronavirus pandemic.

    It is unclear if those contractors will also receive a bonus

    I really have to question the usefulness of this, beyond being a PR move. Given how much I've heard some interns make at Facebook [cnbc.com], this just sounds like extra pocket change being given out to already-rich employees.

    It would seem more beneficial to give those "bonuses" out to their contractors (many of which end up sleeping in their vehicles in parking lots [cnbc.com]) instead.

  • If you can work from home why do you need a bonus? You save on travel expenses, clothes, etc. AND you are still getting paid.

    Either their ad revenue skyrocketed while everyone is home OR did the taxpayer/government fund this behind the scenes?

  • Facebook doesn't pay any fucking taxes (Score:4, Insightful)

    by PeeAitchPee ( 712652 ) on Tuesday March 17, 2020 @11:59AM (#59840842)
    Stop acting like these big companies that hide their hundreds of billions in cash overseas in order to avoid paying taxes are suddenly doing noble deeds. Meanwhile, the small businesses of the US -- who pay waaaaay more than their fair share in taxes of every sort -- are taking it up the ass, as always. Zuck and his clan of tax-avoiding attorneys can die in coronavirus-fueled fire.
    • This and much more. There is an estimated $20T-$30T, yes trillion, in untaxed assets. Confiscate that and you can have all kinds of nice things like UBI or medical care for all without raising taxes on legitimate tax payers at all. It's not like the NSA couldn't locate all of it in a heartbeat if they were motivated to do so. They have the records on who did what. Citation: https://www.globalresearch.ca/... [globalresearch.ca]
  • These types of emergency bonuses should be tax-exempt. Most employees would be lucky to take home $500 after taxes and withholding. Meanwhile the government gets a cut due to a situation that's partially their fault and responsibility.

  • Um... Why? I assume most Facebook employees can work remote. Being a tech company, they are probably already paid decently. Why do they need an extra $1000? If they are working from home, they aren't commuting, paying for gas, tolls, train tickets, etc. They are probably eating more at home, going out less, spending less money...
    The people that really need that money are all of the service workers who run the restaurants and theaters and gyms and such that the Facebook employees have probably all stopped go

  • Wait, I have a better idea: why not give $1000 to each of its USERS, that it has been screwing forever?

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