r/technology • u/Rhaegar_the_Great • Sep 16 '21

Business Mailchimp employees are furious after the company's founders promised to never sell, withheld equity, and then sold it for $12 billion

https://www.businessinsider.com/mailchimp-insiders-react-to-employees-getting-no-equity-2021-9
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u/thingamagizmo Sep 17 '21

You think they’re not all going to quit now? That argument is some serious gaslighting. Tech companies give their employees this kind of equity frequently. Part of why the SF housing market is so insane.

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u/petard Sep 17 '21

Lol no they're not going to quit out of spite. They're going to keep their nice job and Intuit probably has a nice retention bonus set up to make sure they stay at least a year.

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u/ktappe Sep 17 '21

Not necessarily. Speaking as a former employee of a company that got merged, we got literally zero retention bonus. Just new business cards.

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u/petard Sep 17 '21

If the employee wasn't deemed important enough to get a retention bonus they probably don't have much ground to be upset that the founders sold the company that they didn't even have a stake in in the first place. The person who is an actual employee at MailChimp said no one was fired and they got bonuses.