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0 pointspaxys2y ago0 comments

Companies like Google & Salesforce paid out 6-8 months of severance (more depending on tenure) and accelerated remaining stock vests, so not all that different.

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berdario2y ago

First waves of layoffs are famously more generous with their severance agreements than the following ones.

They are already not as generous as they could be (for example, Google on January 20th boasted about accelerated vesting for the notice period of US employees that would be laid off... But employees in other regions didn't get the same terms)

...and they are going to get worse and worse, with future layoffs

pb72y ago

>employees in other regions didn't get the same terms

Yep, that's what happens when you have labor laws that dictate the terms. It cuts both ways.

berdario2y ago

You're doubly wrong:

1- the laws dictate minimum terms for the agreements, they don't put ceilings on the maximums

2- the regions in which employees got shafted in that way aren't the regions in which employment laws are stricter

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berdario2y ago

First waves of layoffs are famously more generous with their severance agreements than the following ones.

...and they are going to get worse and worse, with future layoffs

pb72y ago

>employees in other regions didn't get the same terms

Yep, that's what happens when you have labor laws that dictate the terms. It cuts both ways.

berdario2y ago

You're doubly wrong:

1- the laws dictate minimum terms for the agreements, they don't put ceilings on the maximums

2- the regions in which employees got shafted in that way aren't the regions in which employment laws are stricter

1 more reply

j / k navigate · click thread line to collapse