Comment by greenthrow
Comment by greenthrow 10 months ago
Investors love layoffs right now. It's actually to avoid paying severance.
Comment by greenthrow 10 months ago
Investors love layoffs right now. It's actually to avoid paying severance.
It is in many countries, and I'm not American but I understand the WARN act provides defacto severence as few employers are willing to risk keeping an employee after they have been notified.
As I understand it, WARN requires either two months of notice or two months of severance, to include benefits during that period (based on https://lipskylowe.com/what-is-the-worker-adjustment-and-ret...). It's not nearly as much as companies tend to provide, but that additional severance usually comes with strings attached (such as a non-disparagement clause).
Severance wasn't required in the first place, it's just a thing respectable companies do