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You also need to give two months notice, or compensate for two months time, if you're going to have a big layoff. Laying off 50% of employees is also going to a
by drowning-secs 4y ago
You also need to give two months notice, or compensate for two months time, if you're going to have a big layoff. Laying off 50% of employees is also going to add up. 3,500 employees * $20,000 = $70,000,000.
- H8crilA 4y agoAlternatively you can keep them around for 2 years and pay $840M in compensation. Closing the sarcasm, yes, layoffs have costs (various costs, including to the morale), but there are reasons why organisations do them anyways.
- vxNsr 4y agoIf they keep them on they'll need to pay that anyway, this way they start saving money in 2 months instead of never.
- drowning-secs 4y agoI was comparing doing a “layoff” vs. firing “for cause”.