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Some contexts: South Korean labor laws have employee protection to the level close to EU. Basically you cannot fire employees without strong, urgent business ju
by summerlight 3y ago
Some contexts: South Korean labor laws have employee protection to the level close to EU. Basically you cannot fire employees without strong, urgent business justifications and you need to do best efforts to avoid layoff. Also you gotta negotiate with labor union if there's any with the majority of its employees, not sure if this is applicable to this case though, as the union seems small.
This is quite a headache for employers, so most companies begin with voluntary/recommended resignation and you're typically going to have a good number of employees who's okay to accept that with good severance packages. The problem is that Google doesn't want to give it. I think >$100B cash reserve is meant to be something, but their execs might have different opinions?