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Tech Companies Tilt Power in Their Favor With Performance Reviews
Photo: Illustration by Laurent Hrybyk.Nearly six months ago, Shopify promised staffers it would raise everyone’s salary, hoping to keep people from jumping ship as their share-based along with the company’s stock price. Instead, after a hastily assembled performance review process, the e-commerce software giant decided to give only a select number of employees a pay raise.It also decided to quietly cut about 50 workers in June, a person familiar with the matter told The Information, which became a prelude to broader layoffs at Shopify undertaken in July. The switch reflects just how much...…Photo: Illustration by Laurent Hrybyk.Nearly six months ago, Shopify promised staffers it would raise everyone’s salary, hoping to keep people from jumping ship as their share-based along with the company’s stock price. Instead, after a hastily assembled performance review process, the e-commerce software giant decided to give only a select number of employees a pay raise.It also decided to quietly cut about 50 workers in June, a person familiar with the matter told The Information, which became a prelude to broader layoffs at Shopify undertaken in July. The switch reflects just how much...WW…
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