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Generous severance is the ethical test of a CEO during a layoff. It softens the blow of a layoff immeasurably to provide 4-6 months of severance. If a CEO won'
by staunch 4y ago
Generous severance is the ethical test of a CEO during a layoff. It softens the blow of a layoff immeasurably to provide 4-6 months of severance.
If a CEO won't do it, the remaining employees should question the CEOs ethics, and ask themselves how they will be treated in the future. And if the business literally can't afford to do it (which is rare), then everyone should question the CEO's competence.
As customers, we should all do our best to avoid and boycott companies that do layoffs without providing generous severance. Because who wants to do business with an unethical or incompetent company.
If anyone knows what severance Bolt is paying, let us know.
- fdgsdfogijq 4y agoThis company is probably going to go under. Huge severance is going to eat into their already short runway. Sometimes its just not there. And most of their engineers are highly capable, they will be fine. Its part of working for a high tech startup.
- bombcar 4y agoAnd since they’re trying to sell to companies, said companies will be less likely to make deals with them if they think they’ll go under soon.
- break_the_bank 4y agoGiven the CEO suggested people buy the equity while taking personal loans in the last raise in February, I doubt the goodness of the severance.