4 ms·
No, the reality is that layoffs have legally mandated public announcements, but pressuring a lot of employees into resigning all at the same time doesn't, which
by lazyasciiart 4y ago
No, the reality is that layoffs have legally mandated public announcements, but pressuring a lot of employees into resigning all at the same time doesn't, which makes this a layoff that is quiet.
- reaperducer 4y agoI don't know how California works, but in some other states when you fire someone without cause, the company is on the hook for additional unemployment payments. Forcing 12,000 people to quit instead of firing them would save Facebook millions.
- grepfru_it 4y agoWould be awesome of those 12,000 didn't quit and just did the absolute minimum/nothing until they were actually fired. Wonder if facebook (or any company) would blink. But game theory dictates every employee thinks about self-preservation and would try to be the first one out.
- bretpiatt 4y agoThe maximum unemployment benefit in CA is $450/week[1], $100k/52 weeks is $1,923/week. Even if Meta paid the full amount of $5.4M per week the net is they are still saving tens/hundreds of millions with the reduction. [1] https://edd.ca.gov/en/Unemployment/UI-Calculator https://edd.ca.gov/en/Unemployment/UI-Calculator
- holografix 4y agoCorrect. IBM laid people off for years making sure to stay under the amount which would legally oblige them to report it publicly.