Our useless CEO announces layoffs. That helps calm the Street, right - it also masks his own incompetence. Also, he's surrounded by a bunch of yes people who are just interested in titles and how much money they can extract from the company. This company is one of the worst companies that exist.
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the oldest trick in the book
Stock and bonus are very, very bad right now. If you're not on stuff level your base is 60-70% of your salary even on initial grant.
Snap is bad. Bad. They did the same thing in 2018. Also the layoff benefits always vary depending on the location. Ppl who live in CA by default are given more severance than other states bc of state law. Rest assured they aren’t doing anyone any favors
Meta is next.