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But what's the notice period? 3-6 months may be enough to kill a pivoting company when otherwise IP and team could be packaged up and sold off. One of the thing

But what's the notice period? 3-6 months may be enough to kill a pivoting company when otherwise IP and team could be packaged up and sold off. One of the things people seem complain about on HN is that founders of failed companies in SV seem to make off quite well. In fact I believe this mentality helped me take the leap with my startup. The only problem is that I moved to Europe to do it, and the prospects for failed founders are basically lost years.

jlokier 6y ago
When I was last made redundant, in the UK, the notice period was 1 month and there was no redundancy payment. They let me go just before 2 years of employment, when a redundancy payout would have started. I don't think there would have been a longer notice period after 2 years, just a payout. It was legitimate redundancy because they let go of a number of people at the same time. So it wasn't personally targeted, though of course there was an element of deciding who to let go of.
- 0xfaded 6y ago
  Wow, thanks for sharing. One month up until 2 years is surprisingly good for outside the US. Do you feel the decision to terminate you then may have been linked to your impending protections after two years?
  - jlokier 6y ago
    > Do you feel the decision to terminate you then may have been linked to your impending protections after two years? Yes I do because it was so close to the 2 years, and that did leave me feeling slightly cynical. But I wouldn't call it "protection", because the only benefit would have been a small cash payout, worth a lot to me, but small relative to the company's ongoing salary bill for people staying behind, so easily affordable to them. That led to financial hardship for a little while, but I recovered, set up as self-employed, and to be honest I was glad of the new freedoms to work on my own projects from then on.

jlokier 6y ago

When I was last made redundant, in the UK, the notice period was 1 month and there was no redundancy payment. They let me go just before 2 years of employment, when a redundancy payout would have started. I don't think there would have been a longer notice period after 2 years, just a payout. It was legitimate redundancy because they let go of a number of people at the same time. So it wasn't personally targeted, though of course there was an element of deciding who to let go of.

0xfaded 6y ago
Wow, thanks for sharing. One month up until 2 years is surprisingly good for outside the US. Do you feel the decision to terminate you then may have been linked to your impending protections after two years?
- jlokier 6y ago
  > Do you feel the decision to terminate you then may have been linked to your impending protections after two years? Yes I do because it was so close to the 2 years, and that did leave me feeling slightly cynical. But I wouldn't call it "protection", because the only benefit would have been a small cash payout, worth a lot to me, but small relative to the company's ongoing salary bill for people staying behind, so easily affordable to them. That led to financial hardship for a little while, but I recovered, set up as self-employed, and to be honest I was glad of the new freedoms to work on my own projects from then on.