4 ms·
Sure, a couple points. 1. More than the US exists. Stripe has a headquarters in Ireland (which does have severance laws) and employees in many countries. And m
by patmcc 4y ago
Sure, a couple points.
1. More than the US exists. Stripe has a headquarters in Ireland (which does have severance laws) and employees in many countries. And my point was general, not just pertaining to Stripe.
2. If (and I don't know the specifics) Stripe has made a contract that spells out particular severance policies, the employees are legally entitled to that. Contracts are legally binding.
3. The WARN Act requires notice in layoffs, but it's almost unheard of in tech companies to say "hey, we're going to lay you off in 60 days". People get permissions revoked and walked out the door. In those cases, severance is required. You can call it "penalties for non-compliance with the notice requirement" but if it looks like a duck and quacks like a duck, well, it's severance.