Re:The xz backdoor thing reminds me of a story
by datascienced on Sunday March 31, 2024 @07:04PM
(#39889027)
It must be bad if you are using your employees as a short term LOC. An inverse payday loan.
Re:The xz backdoor thing reminds me of a story
by dspillett on Sunday March 31, 2024 @07:53PM
(#39889418)
Using money you owe for something else for as long as you get away with is hardly alien in business in general. It is why most companies (almost every company?) delay payment of invoices for as long as legally possible, no point losing that fraction of whatever in interest (or interest saved on debt). Heck, with regard to cheques it is why banks held on to 3+ clearing periods on those and other payments for as long as they did. Doing the same with outgoings to employees isn't a stretch that would surprise me in the slightest.
Re:The xz backdoor thing reminds me of a story
by skywhopper on Sunday March 31, 2024 @07:11PM
(#39889076)
Not really. More like, “we could make an extra hundred bucks a week by doing X”. So they do X. If it’s annoying to the employees, that cost is not considered.
Re:The xz backdoor thing reminds me of a story
by datascienced on Monday April 01, 2024 @02:35AM
(#39891414)
Yeah it isn’t profitable when you then spend 30% of your staffing costs on hiring new people as the old ones leave
To me late payment means they are possibly insolvent so I am looking for another job.
Back in the 90s when I worked for Atari (Back in the terrible Warner period) you could only get DD at the company's bank, which was a small bank with one branch, in Sunnyvale (surely the company had another bank or two as well?). I was told they did this so they could invest the float over the week end and early in the week.