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Employees "would be paid a week of severance" - I haven't gone through something like this, but that seems low. I know when the money runs out it runs out, but

Employees "would be paid a week of severance" - I haven't gone through something like this, but that seems low. I know when the money runs out it runs out, but I hope employees weren't totally blindsided...

mey 7y ago
Having worked in early stage angel funded startups, I am impressed they are doing severance.
- stingrae 7y ago
  This wasn't an early stage angel funded startup. They had 200m+ in funding.
overcast 7y ago
This is an unfortunate reminder to always have an emergency fund. If you're doing the paycheck to paycheck game, with one week severance, you're basically shit out of luck. Something eventually will come up.
blueline 7y ago
i was surprised too. i worked at an absolute clusterfuck of a startup that still had way more reasonable (8 weeks pay) severance package.
- dwighttk 7y ago
  When the whole company shut down?
  - blueline 7y ago
    that's a good point, not an outright shutdown. i guess i'd wager that same company would have given 0 weeks if they were at the same point as anki
bearmcbearsly 7y ago
On the other hand, I don't think it's that uncommon for startup funding to come through at the last minute. I later found out that a company I worked for had come within 2 months of running out of cash before their next round of funding came through. I'm glad they didn't shut down at that point to pay a "proper" severance.