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.
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.