Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by emgeee on Thursday October 19, 2023 @02:41PM
(#37946815)
Dang, no severance or healthcare is really brutal and signals to me they probably should have called it earlier.
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Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by mywittyname on Thursday October 19, 2023 @03:08PM
(#37947246)
At least nobody will be around to fight against unemployment claims.
Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by FireBeyond on Thursday October 19, 2023 @06:58PM
(#37949954)
Unfortunately, in Washington state, benefits adjudication is currently sitting at around 10-14 weeks before you'll see your first check.
Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by robocat on Thursday October 19, 2023 @03:51PM
(#37947819)
Probably to fix that would need legislation specific to start-ups.
I would hope most employees know that is a significant risk of working at a startup?!
But yes, harsh, regardless of how predictable.
Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by dudul on Thursday October 19, 2023 @05:07PM
(#37948735)
A better fix would be for people to see their health insurance divorced from their employer. That would actually greatly benefit startups and be one step back from corporate serfdom.
Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by mobilefriendly on Friday October 20, 2023 @06:11AM
(#37954262)
U.S. tax law needs to change for this to happen. Individual health care should be totally tax deductible (the way it is for businesses) or should not be tax deductible at all for business (a small step in this direction by the Obama Administration was vilified as a "Cadillac Tax"
Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by BeFlatXIII on Friday October 20, 2023 @10:50AM
(#37956891)
If proper single payer is out of the question, the biggest mistake in Obamacare is that employer-sponsored health plans remained legal. Everyone should have been forced into the same market.
Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by sofixa on Friday October 20, 2023 @03:27AM
(#37953293)
Why specific to startups? Everyone deserves some leeway during layoffs, having a minimum severance for everyone is pretty basic stuff.
Also, healthcare shouldn't be employer provided.
Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by robocat on Saturday October 21, 2023 @11:11PM
(#37972491)
Because startups are expected to fail, and VCs won't "waste" money unless they are forced to so they will leave the business with $0. Without legislation VCs won't assign any money for post-failure employee costs.
Running concern businesses don't have quite the same incentives nor the same risks of failure.
Re:Convoy collapse: Read CEO's memo detailing shutdown of Se...
by thaumasiotes on Friday October 20, 2023 @02:49AM
(#37953082)
> Dang, no severance or healthcare is really brutal
When NCC Group fired me, they gave me zero days notice and no severance.
They did emphasize that my healthcare would stay good through the end of the month, but they didn't seem to have realized that I would be unlikely to find that useful after being fired on October 31.