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Layoff Report
Thoughts on the new severance terms vs. previous rounds?
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0x22d3…b86aChecking in to see if anyone else noticed the change in the package terms for the 8/14 departures compared to what they offered during the last cycle. It feels like they’ve tightened the belt on the benefits significantly. I’ve been crunching the numbers for my own budget, and the COBRA subsidy period seems shorter than what we saw in the past.
I’m trying to stay objective, but it feels like they are squeezing us out while the executive team pats themselves on the back for 'market resilience.' I was one of the folks impacted today, and I’m just trying to figure out if there’s any room for negotiation on the equity acceleration. Has anyone managed to get them to budge on the release agreement terms, or is this a 'take it or leave it' situation? I really didn't see this coming after the growth projections they shoved in our faces back in January. Stay safe out there to everyone still inside, because the culture is officially dead.