Didn't Coinbase do something similar and only have 5% take the buyout option? How is this so different from what Coinbase did?
[deleted]
“About one-third of Basecamp employees accepted buyouts today”
51–60 of 1001 posts
Re: “About one-third of Basecamp employees accepted buyouts today”
#52Didn't Coinbase do something similar and only have 5% take the buyout option? How is this so different from what Coinbase did?
1/3 of your company choosing the buyout is way more significant than 5%
Re: “About one-third of Basecamp employees accepted buyouts today”
#53If a third of the people were willing to leave the company over a decision, it sounds like there was a real, meaningful mismatch in priorities. Which is fine, but it's for the best for everyone to end that mismatch.
If two thirds were willing to stay even with such a good severance package, it sounds like most agree with the decision...
Not everyone can leave their job at the drop of a hat, even with a big severance package. You don't know their motivations or plans.
Re: “About one-third of Basecamp employees accepted buyouts today”
#54They offered a severance of 6 months salary if you've worked there for 3+ years... I would be tempted by that offer regardless of any other circumstances, especially in today's competitive jobs market.
Even if I liked the job I would take it. Six months paid holiday would be too good to pass up.
depends. it (used to be) a tough job to get. i've heard vague indications that their profit sharing would have been extremely lucrative. but i dont know exact numbers.
but just on a numbers basis if you made 1m a year profit sharing but a normal job outside you'd make 200k, you'd have to really hate working there to quit purely for the 6month payout.
Re: “About one-third of Basecamp employees accepted buyouts today”
#55If a third of the people were willing to leave the company over a decision, it sounds like there was a real, meaningful mismatch in priorities. Which is fine, but it's for the best for everyone to end that mismatch.
If more than a third of your employees think that a single policy change is enough for them to leave, then maybe your policy change is dumb.
Some times the way to make the company happier is to fire all the unhappy people.
Re: “About one-third of Basecamp employees accepted buyouts today”
#56WTF Twitter?
I clicked on the story. Clicked the back button. And Twitter had a big giant popup on THIS page suggesting that I install the twitter app. That had no obvious way to be removed.
I have no idea how they did that. But I really hope that the advertising spam industry doesn't start abusing this to place invasive ads all over other people's pages.
Re: “About one-third of Basecamp employees accepted buyouts today”
#57Didn't Coinbase do something similar and only have 5% take the buyout option? How is this so different from what Coinbase did?
Coinbase employees are probably "hodl"ers.
Re: “About one-third of Basecamp employees accepted buyouts today”
#58If a third of the people were willing to leave the company over a decision, it sounds like there was a real, meaningful mismatch in priorities. Which is fine, but it's for the best for everyone to end that mismatch.
If more than a third of your employees think that a single policy change is enough for them to leave, then maybe your policy change is dumb.
If not outright dumb, it at least seems pretty ill-informed. Surely no one would intentionally craft a policy to nuke a third of the company? Did they do any research into it before announcing it?
Re: “About one-third of Basecamp employees accepted buyouts today”
#59"Changes at Basecamp" : https://news.ycombinator.com/item?id=26944192 ( 4 days ago, 774 comments ). Which is a feel good piece about management philosophy ( a bit back to our roots ) and does not mention layoffs once.
Reading the thing about the "small council" made me think, hmm this must be a huge company, but its 60 people.. I wonder how many of the people on the small council that got disbanded quit. Sounds somewhat like there were a number of employees who probably feel like they previously had a lot of say in the company and now maybe don't -- so yea hard to say who's right here, but big personalities sometimes do make things hard if there isn't some order to the chaos coming from the company leaders.
Re: “About one-third of Basecamp employees accepted buyouts today”
#60They offered a severance of 6 months salary if you've worked there for 3+ years... I would be tempted by that offer regardless of any other circumstances, especially in today's competitive jobs market.
I see this as a third of the employees were more interested in taking 6 months salary than in keeping work conversations professional. Those aren't really people you want on your team.