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OK, the layoffs suck, and the whole "failed to realize the pandemic growth wasn't permanent" thing is getting way overplayed. However, these are some crazy exi
by bovermyer 3y ago
OK, the layoffs suck, and the whole "failed to realize the pandemic growth wasn't permanent" thing is getting way overplayed.
However, these are some crazy exit packages. Five months of salary? Health insurance through the end of 2024? That's a heck of a buffer.
- para_parolu 3y agoWith such package I would voluntarily quit.
- theonething 3y agoIn this (tech) job market, I would not.
- scrapcode 3y agoI think it seems fair. Maybe forums are biased toward the negative, but it seems like the market is tough and it is taking even highly qualified individuals at least that amount of time to find something new.
- cagenut 3y agowhat does 'fair' have to do with anything
- ryangs 3y agoBeing 'fair' helps company relationships with current and future employees.
- bruce511 3y agoDoes it though? In my experience any "credit" for fair behaviour disappears very fast. Employees don't really care about fairness, they care about themselves here and now. Equally businesses see employees as disposable, and work to maximise short term profit, not fairness. There's generally a lack of trust in one, or both sides, and that results in poor behaviour from both sides that spirals. Sure there are great companies to work for, but all their greatness is tossed aside as soon as a better offer comes along. Employees look out for #1. Employers do the same.
- int_19h 3y agoPeople generally like long-term stability and are willing to trade their loyalty in exchange for that, even to the point of turning down a more lucrative offer. Back when companies appreciated that, you had plenty of people with a stable employment at the same company for literally decades. But then this cycle was broken when employers started to treat their employees as disposable (all while still demanding at least token loyalty!) in pursuit of more profits - and they have succeeded in teaching the employees that any talk of loyalty from a business is virtually guaranteed to be a scam, so why would the latter ever take it seriously? In short, this is not a "both sides" problem.
- scrapcode 3y agoOne would like to hope that some of these companies act in a manner that when the shoe is on the other foot, and it is an employees market again, that they will be judged by their actions.
- spacemadness 3y agoThis forum seems swarming with people with an axe to grind against SV employees of late. As far as I can tell some people think they are well informed on the matter purely from following people on TikTok. Such as the “they only work 6 hours a week” crowd.
- rchaud 3y agoNot just that, the comments on these layoff posts seem to put engineering staff on some "un-fireable" pedestal but think of PMs, Sales and Marketing, Admin people as eternally expendable.
- deleted 3y ago[deleted]
- paxys 3y agoWhile the severance definitely makes things easier, layoff season is also a terrible time to look for jobs because there are like 300,000 other qualified candidates with big company credentials in the same situation as you. The cushion isn't a luxury but a necessity. In some jurisdictions it is legally required.
- pcthrowaway 3y agoI'm wondering if by "layoff season" you mean the first quarter, or the entire last 2 years? January of last year had more than twice as many layoffs as any other month of the year, and the first quarter of '23 had nearly twice as many layoffs as the rest of the year combined. Not sure if we'll see the same trend this year, but it does seem like there have been an uncharacteristic number of layoffs this month already.
- emestifs 3y agoConsider the holidays in December as well. It's possible some layoffs were finalized but not enacted until after.
- YetAnotherNick 3y ago> In some jurisdictions it is legally required. Which jurisdiction requires 5 months of salary?
- ricardobeat 3y agoNothing crazy about it if you compare to whats _required by law_ elsewhere. In the Netherlands you’ll get at least 3 months salary, possibly more if the layoffs were negotiated with a works council, an additional N months depending on your years of employment, and healthcare, well, is not tied to your job at all. Nothing extraordinary about it.
- xnx 3y agoNetherlands seems to do a lot of things right, and I know the US isn't making all the right tradeoffs, but lack of safety net is one of the reasons US pay is higher.
- huytersd 3y agoIt’s not that crazy considering all the layoffs are happening at the same time and new openings are slim. I wouldn’t be surprised if almost everyone laid off have to use all the buffer provided before they can find another job.
- rqtwteye 3y agoThis buffer evaporates very quickly in a bad job market as I learned in 2002 and 2003. I think the only "crazy" exit packages are when they throw dozens of millions after failed executives.
- renewiltord 3y agoA friend worked at Google. Pretty lazy guy. A few months salary to quit, but 8 months to wind down what he worked on. In truth, one year's pay to do nothing. He, predictably, did nothing.
- bityard 3y agoThis reminds me of the show Silicon Valley, there is a subplot where one of the main characters is unassigned from his own project but not given a new team or project. Just, unassigned. He wanders around the building and eventually makes his way to the roof where he runs into a small crowd of other "unassigned" employees. They mostly badge into the office, head to the roof and sit up there all day doing nothing of importance.
- nus07 3y agoBig Head has always been an inspiration . Maximizing gains with minimal effort . If only I could make it work in real life lol.
- abledon 3y agowhen people slack at their jobs and just let other team members pick it up... it seems so scummy. Someone has to have a 'challenging' upbringing to have this be their default mode of operation.
- tomatotomato37 3y agoIf I remember right Big Head wasn't lazy, just clueless. The fact he unintentionally failed upward as much as he did was part of the comedy.
- bongripper 3y agohttps://www.youtube.com/watch?v=QAiPcPRZlBk https://www.youtube.com/watch?v=QAiPcPRZlBk The main character is nicknamed "Big Head", just referencing his big ol' dome.
- 3y ago
- mensetmanusman 3y agoit takes six months to get hired for many.
- deleted 3y ago[deleted]
- maxioatic 3y agoI believe it's only five months of health insurance since it says "Five months of benefit continuation". It does also say "Continued access to Modern Health through the end of 2024", but Modern Health is a mental health platform.