4 ms·

At the end of the article it states that they offered their employees a chance to leave if they wanted with a generous severance package and that 10% took it. D

by foota 10y ago

At the end of the article it states that they offered their employees a chance to leave if they wanted with a generous severance package and that 10% took it. Doesn't sound like they forced them to leave.

deleted 10y ago
[deleted]
rhizome 10y ago
It's only generous in dotcom terms. My mom took an early-retirement package from Kaiser Permanente as a bog-standard phone-room nurse: free no-copay health insurance for the rest of her and my dad's life. Free treatment, free prescriptions, free equipment. Free everything, for life.
- toomuchtodo 10y ago
  That's incredible. Kudos for her taking that deal.
- deleted 10y ago
  [deleted]
- vecter 10y ago
  That's a great deal for your mom, I'm glad she was able to get such an amazing deal. On the other hand, Zenefits is an unprofitable startup with huge internal problems. Clearly, expecting them to provide such sorts of benefits would be beyond unreasonable.
  - rhizome 10y ago
    On the other hand, Zenefits is an unprofitable startup with huge internal problems. That's the "dotcom" part, but yeah.
    - vecter 10y ago
      I strongly beg to differ. That's just every startup in general. The dotcom days were way more debaucherous and perverse than what's going on today with startups.
      - rhizome 10y ago
        Sorry, my mistake, I was using "dotcom" for the larger movement beyond the 2000 crash, including today. I was there, I can see the differences and similarities.
- pbreit 10y ago
  That costs a health care company very little.
  - rhizome 10y ago
    You didn't know my dad! Suffice it to say they have definitely lost money on the deal.
- traviscj 10y ago
  What? Early retirement is a different ballgame than severance package. Why should zenefits be on the hook (or compared to) for the former?
  - rhizome 10y ago
    They way I see it, they are both push-outs of staff.
muzz 10y ago
Looks like they did both, they laid off 106 and then another 129 took the package: https://techcrunch.com/2016/06/14/zenefits-is-laying-off-another-106-people-and-offering-others-a-buyout/ https://techcrunch.com/2016/06/14/zenefits-is-laying-off-ano... https://www.buzzfeed.com/williamalden/129-zenefits-staff-quit-after-offer-from-ceo https://www.buzzfeed.com/williamalden/129-zenefits-staff-qui...

by foota 10y ago

deleted 10y ago

[deleted]

rhizome 10y ago

It's only generous in dotcom terms. My mom took an early-retirement package from Kaiser Permanente as a bog-standard phone-room nurse: free no-copay health insurance for the rest of her and my dad's life. Free treatment, free prescriptions, free equipment. Free everything, for life.

toomuchtodo 10y ago
That's incredible. Kudos for her taking that deal.
deleted 10y ago
[deleted]
vecter 10y ago
That's a great deal for your mom, I'm glad she was able to get such an amazing deal. On the other hand, Zenefits is an unprofitable startup with huge internal problems. Clearly, expecting them to provide such sorts of benefits would be beyond unreasonable.
- rhizome 10y ago
  On the other hand, Zenefits is an unprofitable startup with huge internal problems. That's the "dotcom" part, but yeah.
  - vecter 10y ago
    I strongly beg to differ. That's just every startup in general. The dotcom days were way more debaucherous and perverse than what's going on today with startups.
    - rhizome 10y ago
      Sorry, my mistake, I was using "dotcom" for the larger movement beyond the 2000 crash, including today. I was there, I can see the differences and similarities.
pbreit 10y ago
That costs a health care company very little.
- rhizome 10y ago
  You didn't know my dad! Suffice it to say they have definitely lost money on the deal.
traviscj 10y ago
What? Early retirement is a different ballgame than severance package. Why should zenefits be on the hook (or compared to) for the former?
- rhizome 10y ago
  They way I see it, they are both push-outs of staff.

muzz 10y ago

Looks like they did both, they laid off 106 and then another 129 took the package: https://techcrunch.com/2016/06/14/zenefits-is-laying-off-another-106-people-and-offering-others-a-buyout/ https://techcrunch.com/2016/06/14/zenefits-is-laying-off-ano... https://www.buzzfeed.com/williamalden/129-zenefits-staff-quit-after-offer-from-ceo https://www.buzzfeed.com/williamalden/129-zenefits-staff-qui...