This is one of those things where you’ve got to assume they’re aiming for some employees to quit.
A paltry one month’s severance after five YEARS is already not particularly impressive, and there’s no way it was costing the business any significant amount of money: likely, it was helping to retain some people who were close to the five year mark, but otherwise I can’t imagine the majority of employees were making it to five years anyway. Bumping it to eight (and still just one month it sounds like?) is just such obviously bad optics that I can’t imagine the optics not being the point.
ronbenton · 3h ago
Yes my company is also clearly aiming for attrition through resignation rather than layoffs/severance
ronbenton · 15h ago
Reminds me of Lord Farquaad "Some of you may die, but that is a sacrifice I am willing to make."
Anyways, this is all very much in line with the market souring for tech workers. We won't forget.
The bad people will hang on.
A paltry one month’s severance after five YEARS is already not particularly impressive, and there’s no way it was costing the business any significant amount of money: likely, it was helping to retain some people who were close to the five year mark, but otherwise I can’t imagine the majority of employees were making it to five years anyway. Bumping it to eight (and still just one month it sounds like?) is just such obviously bad optics that I can’t imagine the optics not being the point.
Anyways, this is all very much in line with the market souring for tech workers. We won't forget.