Citing revenue declines, Airbnb cuts 25% of workforce

Re:Citing revenue declines, Airbnb cuts 25% of workforce by meddlepal on Tuesday May 05, 2020 @09:11PM (#23086955)

I mean, as an American... I'm not even sure why companies give severance pay in the first place. It doesn't feel like something they should be obligated to do.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by evandijk70 on Wednesday May 06, 2020 @12:48AM (#23087994)

The employment contract is usually for an indeterminate amount of time. Breaking that contract is why severance pay is required.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by elihu on Tuesday May 05, 2020 @09:25PM (#23087042)

I'd guess it's mostly to maintain morale among the remaining employees. People who are on the fence between staying or leaving are a bit more likely to stick around if they know they'll get a severance package if they're laid off but nothing if they quit.

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