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There are certainly situations where an adverse result in a lawsuit can lead to layoffs despite being a “one-off event”. I’ve worked on at least a few that were
by staticautomatic 3y ago
There are certainly situations where an adverse result in a lawsuit can lead to layoffs despite being a “one-off event”. I’ve worked on at least a few that were genuine “bet the company” cases. But a $245M loss is typically not in the ballpark for a big company. To trigger layoffs you usually need to be talking about billions or injunctions.
- bpiche 3y agoThe total is more like 500mm. If I recall, it was 250mm for refunds, and 250mm in penalties. It's a large amount of $$$ Edit: to be clear, it's the largest fine the FTC has ever imposed, it is a historically large amount of $$$