Re:OpenAI CEO Sam Altman sent startup six-figure loan after ...
by dragonwriter on Sunday March 12, 2023 @05:49PM
(#35126722)
> Except Musk has established precedent at Twitter that you can just fire employees for cause.
“Established precedent” is…not a fair description of action which is being challenged in the courts, where no precedential legal decision has been made.
Also, firing employees would just make the California rule requiring immediate payment of final paychecks, with waiting penalties of 1 days pay for day of delay up to 30 days, applicable, as well as triggering other time-sensitive legal obligations that a company without access to cash might not want.
Plus, it means that once you get access to your cash again, you don’t have the employees (and might have a lot less positive image in the community you would want to hire from to replace them.)
“Established precedent” is…not a fair description of action which is being challenged in the courts, where no precedential legal decision has been made.
Also, firing employees would just make the California rule requiring immediate payment of final paychecks, with waiting penalties of 1 days pay for day of delay up to 30 days, applicable, as well as triggering other time-sensitive legal obligations that a company without access to cash might not want.
Plus, it means that once you get access to your cash again, you don’t have the employees (and might have a lot less positive image in the community you would want to hire from to replace them.)