Earlier quoted context omitted.
In Europe you have to keep paying the person, but it's not uncommon for them to be told not to come in anymore.
This is true in the US as well. While in some cases you can lay someone off, and immediately stop paying, most of the time there is a period where the former employee will be paid and not have to come to work (or really, allowed to).
Coinbase Announces 18% Layoffs
241–250 of 616 posts
Re: Coinbase Announces 18% Layoffs
#242Earlier quoted context omitted.
Every tier 1 support rep needs to be able to pull up at least some of my account information. Sure IT and other internal teams shouldn't have direct access, but when your business is managing other people's accounts/money a lot of people will need to have access to customer data.
But you can still restrict that. Make it so every access must be tied to a specific open ticket. Don't just say "well, this person sometimes needs access to a specific customer's information so they can have permanent always-on access to all customer information."
Re: Coinbase Announces 18% Layoffs
#243Earlier quoted context omitted.
> Friendly, smiley, fake. My father had to lay off a bunch of people in 2008. I am now a manager. He told me that if I am ever forced to do this to not ever do this crap to my team. Tell them that this is bullshit. Tell them that you are upset. Tell them that you haven't slept. Tell them that the are right to be mad, disappointed, and even to hate you for choosing their head to roll. Anything better than fake smiles…
Company I worked at had a layoff in 2012, security manager escorted 200 people out of the building. At the end of the day, he was escorted out of the building. It was quite shitty for that fellow, I felt terrible for him.
Re: Coinbase Announces 18% Layoffs
#244> If you are affected, you will receive this notification in your personal email, because we made the decision to cut access to Coinbase systems for affected employees. I realize that removal of access will feel sudden and unexpected, and this is not the experience I wanted for you. Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensu…
To be honest this is the more concerning thing in that quoted statement: > "Given the number of employees who have access to sensitive customer information" Surly they should have very very few employs that have access to that type of information?
Re: Coinbase Announces 18% Layoffs
#245> If you are affected, you will receive this notification in your personal email, because we made the decision to cut access to Coinbase systems for affected employees. I realize that removal of access will feel sudden and unexpected, and this is not the experience I wanted for you. Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensu…
In finance it's pretty common practice (and in that sense Coinbase is similar to a broker). I remember stories about how half (?) the people working at UBS London came to work one morning to find that their badges didn't unlock the entrance gates anymore. And lots of stories like that in the years following the 2008 crash.
Re: Coinbase Announces 18% Layoffs
#246Why has the crypto boom and bust lined up so closely with the COVID pandemic? Is it a coincidence or is there some underlying cause?
Re: Coinbase Announces 18% Layoffs
#247Earlier quoted context omitted.
We may be mixing things up. You can definitely be paid laid off employee for a period of time, while having your access revoked. They're completely orthogonal. Depends on role, company, situation. It's an assessment and tradeoff - is it worth / do I need the next two weeks of work and KT from this person, vs the risk of having access. The notion of revoking security access to limit risk is definitely not a US thing.
>You can definitely be paid laid off employee for a period of time, while having your access revoked. In France, this is a breach of contract as you are not providing your employees with the means to work, and you can be sued for it if it is not done as a disciplinary measure (which you can also be sued for if not done in good faith) EDIT: my dudes stop trying to link legifrance articles to me, I have literally been…
https://knowledge.leglobal.org/restrictive-covenants-in-fran...
Re: Coinbase Announces 18% Layoffs
#248Earlier quoted context omitted.
We may be mixing things up. You can definitely be paid laid off employee for a period of time, while having your access revoked. They're completely orthogonal. Depends on role, company, situation. It's an assessment and tradeoff - is it worth / do I need the next two weeks of work and KT from this person, vs the risk of having access. The notion of revoking security access to limit risk is definitely not a US thing.
>You can definitely be paid laid off employee for a period of time, while having your access revoked. In France, this is a breach of contract as you are not providing your employees with the means to work, and you can be sued for it if it is not done as a disciplinary measure (which you can also be sued for if not done in good faith) EDIT: my dudes stop trying to link legifrance articles to me, I have literally been…
Logic would dictate that providing the exact same pay/benefits as one would get for the work ought to be sufficient. But, ...
Re: Coinbase Announces 18% Layoffs
#249Earlier quoted context omitted.
We may be mixing things up. You can definitely be paid laid off employee for a period of time, while having your access revoked. They're completely orthogonal. Depends on role, company, situation. It's an assessment and tradeoff - is it worth / do I need the next two weeks of work and KT from this person, vs the risk of having access. The notion of revoking security access to limit risk is definitely not a US thing.
>You can definitely be paid laid off employee for a period of time, while having your access revoked. In France, this is a breach of contract as you are not providing your employees with the means to work, and you can be sued for it if it is not done as a disciplinary measure (which you can also be sued for if not done in good faith) EDIT: my dudes stop trying to link legifrance articles to me, I have literally been…
Re: Coinbase Announces 18% Layoffs
#250Earlier quoted context omitted.
Some companies do it, sure, but I wouldn't call it normal or acceptable. In fact, it's kind sleezy.
Mass-scale layoffs it's almost guaranteed. When you're talking even a single percentage point of employees departing, it's more normal than you might expect. Some companies even do it after an employee submits notice on their end (paying through the end of the term but disabling access earlier than expected, or even immediately), though this is far less common.