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for everyone praising the severance package, laid off employees at kickstarter are getting even more severance and full healthcare (not COBRA) because they unio

for everyone praising the severance package, laid off employees at kickstarter are getting even more severance and full healthcare (not COBRA) because they unionized: https://twitter.com/ksr_united/status/1256382357311012871 https://twitter.com/ksr_united/status/1256382357311012871

zebnyc 6y ago
that is a pretty good severance. I was laid off from an ad-tech company based in SF in April and received 4 weeks of pay (I had worked there for almost 2 years)
pb7 6y ago
Doesn't look like more to me. Roughly same salary duration (would bet a pretty penny that Kickstarter doesn't pay nearly as much as Airbnb to begin with), significantly less health insurance, nothing about equity. That's what a union came up with for such a microscopic layoff compared to Airbnb? Sounds like the free market is better off deciding these things.
- julesqs 6y ago
  oh I might be confused about the COBRA situation actually. I can't tell if Airbnb is actually paying for COBRA. aside from that, assuming that non-engineers get paid better at Airbnb than elsewhere is a big assumption.
  - pb7 6y ago
    Will agree on the point regarding non-engineers. I would bet all else being equal they do, but will not fight over it as it's just an educated guess. With regards to COBRA, the premiums are certainly covered by AirBnb as COBRA is available to employees for 18 months by default and 36 months in California where AirBnb is headquartered.
    - julesqs 6y ago
      right right, it was confusing to me that they mentioned COBRA but it does sound like Airbnb is paying, which is good.
- Apocryphon 6y ago
  Not sure how relevant Airbnb equity really is at this point going forward.
  - pb7 6y ago
    RSUs will always be worth something unless the company goes completely bankrupt. Judging by the stock prices of major hotel chains like Marriott and Hilton which serve as a rough guide, the equity is likely worth ~50% less now -- certainly not irrelevant considering the offers were always considered generous to begin with.
theaceoface 6y ago
That too is a generous severance. But the AirBnB severance is considerably more generous: Longer Severance (14 weeks + n vs 16 weeks) 1 year of Cobra vs 4 months Equity vs None

zebnyc 6y ago

that is a pretty good severance. I was laid off from an ad-tech company based in SF in April and received 4 weeks of pay (I had worked there for almost 2 years)

pb7 6y ago

Doesn't look like more to me. Roughly same salary duration (would bet a pretty penny that Kickstarter doesn't pay nearly as much as Airbnb to begin with), significantly less health insurance, nothing about equity. That's what a union came up with for such a microscopic layoff compared to Airbnb? Sounds like the free market is better off deciding these things.

julesqs 6y ago
oh I might be confused about the COBRA situation actually. I can't tell if Airbnb is actually paying for COBRA. aside from that, assuming that non-engineers get paid better at Airbnb than elsewhere is a big assumption.
- pb7 6y ago
  Will agree on the point regarding non-engineers. I would bet all else being equal they do, but will not fight over it as it's just an educated guess. With regards to COBRA, the premiums are certainly covered by AirBnb as COBRA is available to employees for 18 months by default and 36 months in California where AirBnb is headquartered.
  - julesqs 6y ago
    right right, it was confusing to me that they mentioned COBRA but it does sound like Airbnb is paying, which is good.
Apocryphon 6y ago
Not sure how relevant Airbnb equity really is at this point going forward.
- pb7 6y ago
  RSUs will always be worth something unless the company goes completely bankrupt. Judging by the stock prices of major hotel chains like Marriott and Hilton which serve as a rough guide, the equity is likely worth ~50% less now -- certainly not irrelevant considering the offers were always considered generous to begin with.

theaceoface 6y ago

That too is a generous severance. But the AirBnB severance is considerably more generous: Longer Severance (14 weeks + n vs 16 weeks) 1 year of Cobra vs 4 months Equity vs None