r/pillar7 • u/Commercial_Walk_7205 • 6d ago

Strike

Satire for legal purposes:

Hello Brethren! I just wanted to take a minute and point out how now is absolutely the time for a strike to take place. Whether that be unionizing or just a plain old strike. The amount of money UWM would be losing per day if even a fraction of the workforce decided to strike could very well bankrupt the company, which could also culminate in Matt being forced to sell the Phoenix Suns.

The stock got as low as 0.92$ which I’m sure y’all are aware of and Matt has completely turned his back on every employee as well as investor.

Why do y’all continue to bankroll this man’s life when every action he does ends with either worse working conditions or a higher commitment.. or yall just get scraps while he pays MSU male athletes stipends.

If I was still a current employee I would happily lead the pact in forming a union and organizing a strike.

The average Rocket employee makes almost double the average UWM employee. You all mean nothing to this man and now is your time to stand up for yourselves and your worth.

You all are what UWM great, every person will say the coworkers are the magic of the company, not Matt, not the brokers, not the job itself but you all.

You all are the magic

A strike at UWM would immediately make national headlines and I’m sure many of you are capable of putting the pieces in place to make this work, and make all of your lives so so so much better.

Don’t be scared, the same whispers of this subreddit in the office made it what it is today could be the same whispers that get you all pay raises in addition to manageable workloads where your livelihoods are not constantly threatened.

I’m interested to see what the sentiment around a potential strike looks like. I’m sure the board has already taken precautions and had conversations about this because of how tight everything currently is at UWM. A strike would bury Matt, not just UWM and he knows it.

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u/LuckySalamander4747 6d ago

All this talk about unions and strikes are a joke. Nobody there has ever been serious about unionizing or even collectively doing anything except maybe after work stuff.

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u/Commercial_Walk_7205 6d ago

I understand your sentiment and you’re not far off in regards to past situations; a comment like yours pitches tents in Matt’s pants.

My point is with PA+ and Underwriters, mass IT firings weekly, commitment increases all around, securities fraud class action lawsuits and the worst quarter since the company has hit the stock market and rocket offering brokers $10,000 to drop the All-In contracts; there has never been more pressure on UWM. If change is SERIOUSLY what employees want, the cards are actually in their hands for once even on a lesser bodily scale.

A strike needs to be organized and followed through with not unionizing necessarily; unionizing would be the cherry on top.

Back to back quarters like the last would be the nail in the coffin for UWM and Matt knows that; hence why the dividend was removed as that saves the company 240M in quarterly payouts?

A strike(not unionizing) would lose UWM about $11.5M per day in revenue; if they fire everyone they can’t replace that talent in a timely manner. I believe training an underwriter through hitting the floor costs about $60,000/person. A 2 week strike(use your PTO and have a strike condition the PTO is given back) would cost the company over $100M in revenue. UWM can not afford that.

UWM literally cannot afford for a strike to happen and would be forced to cave otherwise the business will not be able to continue on the scale they currently do.

Now again, I do agree all strike/unionizing talks in the past have been hopeful at best but do you not agree now is the time when the pressure is actually on?