Re:Big Tech is using layoffs to crush worker power
by MuffinFlavored on Monday January 30, 2023 @01:04PM
(#34583809)
> Unemployment doesn’t show laid off employees who aren’t yet collecting unemployment benefits. These tech workers got at least 60 days of severance thanks to the warn act.
I could be wrong but somebody who makes like... on average $150k-$200k/yr (average tech worker, low from what I've read here on comments, most "high level" people have total comp closer to $300k-$500k/yr but I'll ignore any stock grants and just focus on salary) is making like $12.5k/mo-$16.6k/mo gross
> The weekly benefit rate is capped at a maximum amount based on the state minimum wage. For 2022, the maximum weekly benefit rate is $804. For 2023, the maximum weekly benefit rate is $830.
> Your weekly benefit amount will be about 50 percent of your average weekly wage up to a state maximum of $857.
Just some random quick Googles since it varies by state.
On the low end these laid off people made $2,880/week gross.
The absolute max the state will provide is 30% of their gross pay, aka a 70% pay reduction.
I wonder how many will even bother to file/go through the headache/process. Sounds like that effort would be better spent burning leet code practice to find an actual job.
But I say that as somebody who isn't desperate/has ample savings. I'm sure I would say something different otherwise.
I could be wrong but somebody who makes like... on average $150k-$200k/yr (average tech worker, low from what I've read here on comments, most "high level" people have total comp closer to $300k-$500k/yr but I'll ignore any stock grants and just focus on salary) is making like $12.5k/mo-$16.6k/mo gross
> The weekly benefit rate is capped at a maximum amount based on the state minimum wage. For 2022, the maximum weekly benefit rate is $804. For 2023, the maximum weekly benefit rate is $830.
> Your weekly benefit amount will be about 50 percent of your average weekly wage up to a state maximum of $857.
Just some random quick Googles since it varies by state.
On the low end these laid off people made $2,880/week gross.
The absolute max the state will provide is 30% of their gross pay, aka a 70% pay reduction.
I wonder how many will even bother to file/go through the headache/process. Sounds like that effort would be better spent burning leet code practice to find an actual job.
But I say that as somebody who isn't desperate/has ample savings. I'm sure I would say something different otherwise.