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David Sacks * takes responsibility for the situation. * admits that he's laying people off, rather than disguising it as performance-based firing. * offers a
by zelos144 10y ago
David Sacks
* takes responsibility for the situation.
* admits that he's laying people off, rather than disguising it as performance-based firing.
* offers a severance that is generous by tech standards, and
* allows people whose roles have changed to escape with severance and their reputation intact.
This is very much not the Y Combinator way of doing things. Are we sure that Zenefits was once YC?
- jsprogrammer 10y agoWhere was Sacks when the macro was running? Could Sacks have executed this strategy without the macro having been created and run?
- pj_mukh 10y ago"This is very much not the Y Combinator way of doing things" Bold statements require actual data. Or is this just a "feeling" you get from reading news?
- dang 10y agoWe've banned this account for repeated abuse using sockpuppets. I explained this at https://news.ycombinator.com/item?id=11904067 https://news.ycombinator.com/item?id=11904067, but want to add here that this (seemingly in-passing, but really the point) smear of Y Combinator could not be more of a lie. Telling such lies in a persuasive-sounding way, while never substantiating them, is this troll's specialty. We go out of our way to moderate Hacker News less, not more, when people criticize YC. But that doesn't mean anything goes, and in this case the abuse crossed the line a long time ago.