An Update on January 2023 Organizational Changes

Re:An Update on January 2023 Organizational Changes by overgard on Monday January 23, 2023 @09:56AM (#34489474)

Considering how generous the severance is (a good thing), I wonder if it will even save them much money this year (granted, there will probably be some resignations from people that disagree with the direction).

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Re:An Update on January 2023 Organizational Changes by mason55 on Monday January 23, 2023 @10:01AM (#34489543)

> I wonder if it will even save them much money this year

They also get to account for it differently. The severance payments can be written off as a one-time charge, so from that perspective they get to take the GAAP benefits this year.

Even though the cash flow is ~the same between letting people work for a year and then laying them off with no severance, doing it this way makes the business immediately look better.

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Re:An Update on January 2023 Organizational Changes by phamilton4 on Monday January 23, 2023 @10:01AM (#34489548)

Edit: I'm wrong looks like they can write it off.

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