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Re:Meta slashes hiring plans, girds for 'fierce' headwinds by halfmatthalfcat on Friday July 01, 2022 @01:50PM (#31950071)
That may be for more cold blooded companies but most PIPs I've witnessed have gotten severance and actually good packages to boot.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by bko on Friday July 01, 2022 @04:42PM (#31952558)
Same here. Severance is very cheap in the grand scheme of things. If someone is a poor performer, they're essentially a negative value add. Your default is continuing to pay them a salary, so you may as well agree to continue to do that for a number of weeks and just have them not work. I've seen 2 weeks for every year at the firm as standard
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by rexpop on Friday July 01, 2022 @06:23PM (#31953782)
It's not necessarily about severance; could be keeping unemployment insurance premiums low, too.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by ac29 on Friday July 01, 2022 @06:49PM (#31954023)
Yes, most people dont realize companies can be financially impacted through the unemployment system when they lay someone off even if there are no direct severance payments.

An employee who quits isnt eligible for unemployment.

(these rules obviously vary by country/state/etc)

Re:Meta slashes hiring plans, girds for 'fierce' headwinds by aeyes on Friday July 01, 2022 @01:57PM (#31950187)
Agree, I mostly saw: Take this generous amount of money and hand in your resignation or you won't have to come back tomorrow and you get nothing.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by DisjointedHunt on Friday July 01, 2022 @03:11PM (#31951271)
Take this generous amount of money (1 month pay) and SIGN THIS WAIVER RELEASING US OF ALL FUTURE LIABILITIES is the important part.
Re:Meta slashes hiring plans, girds for 'fierce' headwinds by krallja on Friday July 01, 2022 @05:58PM (#31953552)
also usually anti-badmouthing clauses in both directions. “you may never blog about this experience”