Silicon Valley AI Startups Are Embracing China’s Controversial ‘996’ Work Schedule
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I thought "996" meant 9 hours on Monday, 9 hours on Tuesday, 6 hours on Wednesday, then a 4-day weekend.
That sounds pretty sweet.
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People making 400k... Sure kinda makes sense for a few years but they want to every 150k worker to do the same and thats what this shill slop is about
Every time I'm on Lemmy someone scoffs at many times the most I've ever made in a year. I make about 30-35k a year.
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That sounds pretty sweet.
I kept pushing my previous employer for a midnight-8pm Saturday, and a 4AM-midnight Sunday shift, but couldn't get them to approve it. 40 hours a week, 5-days off.
Couldn't get them to approve it.
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Sorry, best we can do is offer a .00001% stake and pretend like it’s your ticket to early retirement.
You are not kidding. I have some experience with startup stock options and... it's not pretty.
Before anyone retorts with remarks about "phantom stock" and other similar offers, I want you to do some math.
Figure out what the 'strike price' of that stock is likely to be when it matures, and calculate what the payout will be. Then figure out capital gains tax and subtract that. Divide what's left over by the amount of unpaid overtime (hours in excess of 40 a week) you're going to put in for the maturation window. Lastly, compare these figures to other testimonials in your field, and also, look up typical yearly bonus figures for more mature companies. You're going to see that it's not a lot of cash for the extra time, that it's nowhere near your base pay rate, and more established companies are going to do a better job of compensating folks for less effort. You may even find that with a 996 grind-set, it might pay out less than taking a second job at retail.
I can also warn you that if the company sells instead of going IPO, you may get a much smaller payout than all that. I was in a situation where they threw the advertised strike price in the trash, and negotiated a sale of everyone's stock to the buying company for much, much less.
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The Americans and their piss poor labor laws, They like working beyond the point of diminishing return.
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Total package including signing bonus stock
More like $200k in total comp (but I suppose if the stock rockets like 5x after you're hired, it can end up being $400k). Senior positions can make > $400k/yr in total comp. Some companies have back-loaded vesting schedules so they can get rid of you before the majority of your options vest though.
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I’ll agree to it, but best I can do is 2 hours a day dawg
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Oh, does that make Silicon Valley Already Existing Socialism now? Much heirarchy smashing, very worker's rights, wow
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Say no to 72 hour work weeks. Working more hours does not increase quality of work or even quantity, but is does increase stress and suicide rates. Stop accepting it's OK to be ground into dust just so you can barely earn a living. Tell those CEO's to take their jobs and shove it, especially in Sililcon Valley. That place is no longer the pinnacle of technological innovation it was in the late 90's. It's been nothing but a guilded shithole bastion for technocrats.
Honestly even in the late 90s it was going down. I don't think DEC or Amiga or something else cool you can remember have anything to do with the Silicon Valley.
After the original Intel and other hardware things fame, it's a place that mostly collected parasites living off the dotcom bubble and then profanation and oligopolization of tech. The least important part - the companies making suddenly popular user applications and websites. Their main effect was negative - they reduced diversity, competition and redundancy in that.
In any case ... "AI startups".
I'm so morally prepared to dance when that bubble finally bursts. A lot of today's rattling of sabers depends on the promise of AI workers, AI drones, AI everything so that a crime would involve only a few real humans.
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Kobe Bryant dedicated all his waking hours to basketball, and I don’t think there’s a lot of people saying that Kobe Bryant shouldn’t have worked as hard as he did.
Yeah, but he was working to achieve something for himself and not to make some parasite richer.
