4 ms·
The article says they're paying out PTO in California because it's required by law. My guess is the severance is to compensate employees in states where it's no
by sverige 8y ago
The article says they're paying out PTO in California because it's required by law. My guess is the severance is to compensate employees in states where it's not required. They could decide to pay out PTO and take away the severance, which would likely be worse for most of them.
I guess they've missed the big picture that the company is bleeding money so fast that they had to lay off 15% of their workforce.
- deleted 8y ago[deleted]
- foobiekr 8y agoSeverance is to get people to sign exit agreements. They’re not doing it out of the goodness of their hearts, they’re going to have people agree not to sue them and potentially other things (like clawbacks for criticizing the company publicly).