Severance takes care of that. What worries me is the new owner going full “let’s save as much money as possible” and PIPing people left and right, whether they deserve it or not. It wouldn’t be the first time something like that was done to cut severance costs. Call me paranoid, but that’s where I’m at.
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I'm not worried about layoffs.... Severance will TAKE CARE of that .... Lol dum--ss
@e1 yes pre earnings call.
@dx so we’re thinking they’re in October now?
@cb the reductions in October will
Not have pips. Large workforce reductions you don’t have to performance manage out.
You realize some people haven't worked here long enough to receive a decent severance? And even if they did the job market is sh$%. How many PIPs are being given out? Genuinely curious
I PIPed someone and it took 9 months to let them finally go. They absolutely do not have the time or patience for that. This is a ridiculous post.
@c8 PIP is Performance Improvement Plan. Usually the first step to being fired. Lots of manager and HR overhead usually, seems like a big effort to do in bulk.
There will be severance. It used to be 2 weeks per year
What does PIP mean?!
@a2 You are incorrect. There was severance last round and WARN pay if NY or CA but note they count that as part of severance not on top of
Legit thing to be worried about them cutting/saving as much as possible. But the PIPing probably isn’t very likely. I feel what’s more likely is demanding WFH people to come back to office and if not [axe sound without severance/benefits]
There was severance with last round.
@a2 I know people who were let go in every round of layoffs and they all got severance
There's not going to be severance, silly. There wasn't the last round.