4 ms·
I suspect most of the layoffs are in the US, where no such protections apply.
by PhoenixReborn 4y ago
I suspect most of the layoffs are in the US, where no such protections apply.
- Maxious 4y ago> California’s Worker Adjustment and Retraining Notification (WARN Act). Under this Act, the right of employers to lay workers off for reasons bordering on business necessity is curtailed. Employers who plan to lay 50 or more employees off within a 30-day period must give them a 60-day notice before taking such actions.
- ak217 4y agoEmployers typically get around this by giving the laid off employees 60 or 90 days worth of severance pay+benefits.
- FabHK 4y agoAs they are given 14 weeks severance, would it not be possible to give them 60 day notice (=9 weeks, say), which they are required to be outside the office, and then the remaining 5 weeks severance?
- bad416f1f5a2 4y agoI'm not sure about California, but the federal WARN act and many state laws have an exemption for "unforeseen business circumstances" – a hole big enough to drive a truck through.
- khuey 4y agoCalifornia's WARN Act does not have that exception.
- xnorswap 4y agoI suspect you're right, but Coinbase does have a reasonably large London office from their job postings. If anyone there is affected it is important they know their rights. I have worked for US companies going through a mass redundancy where they just avoided any UK based redundancies to avoid the headache. I also value making clear to US-based readers that such protections are important and do make a difference to how companies behave. If readers don't like living in a world where they fear very immediately being cut from their job then they should know there is a different world out there and they should lobby their representatives for change.
- kaesar14 4y agoUnfortunately that world also leads to overly bloated corporations that are never able to clean house.
- deleted 4y ago[deleted]
- xnorswap 4y agoRespectfully I disagree. Redundancy is entirely possible, it just has to be done fairly and in a manner that respects employees. A 45 day consultation period when making over 100 employees redundant doesn't stop redundancies. Which corporations do you consider bloated and unable to make employees redundant?