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White collar firms with a reputation for paying well don’t cheap out on severance. It’s a cheap way to get employees to sign some stuff reducing the risk of la
by lotsofpulp 6mo ago
White collar firms with a reputation for paying well don’t cheap out on severance. It’s a cheap way to get employees to sign some stuff reducing the risk of lawsuits, plus their unemployment insurance premiums stay lower.
It’s only once the business is having a cash crunch or will no longer need to hire competitive candidates that they start letting people go without severance.
- darth_avocado 6mo ago> White collar firms with a reputation for paying well don’t cheap out on severance Tell that to Elon Musk and Twitter employees.
- __loam 6mo agoMusk saddled that company with an additional billion in debt interest payments every year so they were in a cash crunch.