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> They were dumped unceremoniously, the result of the addled whims of a walking meme How is that different from Stripe layoffs from yesterday? I believe Stripe
by usaphp 4y ago
> They were dumped unceremoniously, the result of the addled whims of a walking meme
How is that different from Stripe layoffs from yesterday? I believe Stripe employees also didn't know that they will be laid off, and they got similar compensation to what Twitter employees got.
- gwbas1c 4y ago~15% versus ~50%. Stripe's layoffs were part of the business climate; Twitter's layoffs are the result of the new owner deciding to fire half the company.
- BryantD 4y agoStripe gave: - Pay until at least February 21, 2023 - 2022 annual bonuses even if you're not around at bonus time - Pay for unused time off - Six months of healthcare - Accelerated stock-option vesting - Career support - Immigration services support for visa holders That's public, since Stripe published the relevant email. Twitter didn't make their terms public (there's a difference), but reports are: - Pay for 60 days (January 3rd, 2023) - One additional month of severance if you sign a release Those two packages are not similar. Note that Musk's merger agreement included some other things: - Performance bonus paid out at target - Cash contribution for healthcare - Equity vesting accelerated by three months But so far I haven't heard anyone saying they got those. We'll see.