3 ms·
>You're saying that by giving a large severance to people no longer affiliated with the company, it's a form of saving money? No, I'm saying having a large amo
by Clubber 3y ago
>You're saying that by giving a large severance to people no longer affiliated with the company, it's a form of saving money?
No, I'm saying having a large amount of cash on hand is a hedge against drought periods. I suspect they have a certain monetary goal during donation drives, so meeting those goals is part of their funding strategy. Some drives exceed goals, some don't. They need to account for runway or future lack thereof.
Replying specifically to this:
>They will have messages like "If everyone reading this right now gave a buck then this donation drive would be finished in five minutes". In hindsight, it feels a bit deceptive even if it's not an outright lie.
FWIW, 1.5x severance doesn't seem excessive to me, I wish that would be the industry norm for everyone. If it were, there'd be a lot fewer stressed out people right now.