4 ms·

Well I'm not getting paid the entire team was essentily furloughed (~25 ppl) No idea what's going to happen with insurance since some people were expecting I'

• tsimionescu 4y ago
  I'm sad to hear that, but by all accounts you should be able to receive your salary on Monday, when at least $250k should become available to your employer (though hopefully significantly more).
  • cowsandmilk 4y ago
    At plenty of companies, 250k is not enough to make payroll.
    • tsimionescu 4y ago
      Sure, but the actual amount should be significantly more (a comment around was saying that any account secured with two signatures is ensured up to 500k, for example). And, it should be enough for the mid-month payroll of a 25-person team, which is the kind of company GP was talking about.
    • JumpCrisscross 4y ago
      > 250k is not enough to make payroll Plenty of firms will buy the uninsured deposit claims at a discount. Taking the haircut to make essential payments is worth avoiding disruption.
    • dehrmann 4y ago
      For 25 people making $200k, you get maybe one payroll run out of $250k.