This is semi good news. While obviously it ain’t great that people lost their jobs, there’s a good change a few of them will be like “now that I have a few months of pay, how bout I try creating that cool idea I had a while ago?”
i wish i knew. i can tell you when i was laid off (in software), i was given an nda and non-disparagement contract that my severance was contingent upon so based on that experience, these companies consider severance a “gift”
edit: i think it also (duh) depends on the state - many states are “employment at will”, and i would guess in those states since they can dismiss you without cause (save for discrimination), you aren’t required to pay severance. most companies still do, but i imagine the requirement wouldn’t mesh with the concept of at will employment
It’s a bunch of bean counters seeing trends in the markets, seeing others cutting jobs and following suit.
Bull, bear markets, trends, the whole thing is fucked.
It’s spoken about like it’s some mythical, mysterious thing and the government can try to rein it in with their levers if they must as a last resort, because we mustn’t interfere with the markets unless the outlook is bleak.
Give me a fucking break. Is anyone buying this anymore?
The old rich fucks and their old rich fuck friends and their old rich fuck companies, investment firms, hedge funds, whatever else their wrinkly old hands can get on they will move in their directions as they choose.
They don’t lose at this game and they’re pulling away at an outrageous rate, they’re killing us and the planet while they’re at it. They don’t even have to. They don’t even fucking have to. The people who have the shortest time left here are trying to suck the most out of it before they leave and leave way less of it for the rest of us.
I don’t know when others will start getting mad, but it’ll probably be too late.
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