31–40 of 355 posts
Earlier quoted context omitted.
> The money they need pay bills and keep them afloat if and until they get new employment. How will these people that were making well into six figures possibly survive?
Now go look at the cost of a home or apartment in San Francisco or nearby towns. I'll wait...
“ many of these folks won’t be able to sell the shares they earned. The money they need pay bills and keep them afloat if and until they get new employment. When severance ends, that’s it.” It’s Twitter’s responsibility to not only offer severance, but make sure employees keep an emergency fund?
> The money they need pay bills and keep them afloat if and until they get new employment. How will these people that were making well into six figures possibly survive?
“ many of these folks won’t be able to sell the shares they earned. The money they need pay bills and keep them afloat if and until they get new employment. When severance ends, that’s it.” It’s Twitter’s responsibility to not only offer severance, but make sure employees keep an emergency fund?
Quoted post unavailable.
Earlier quoted context omitted.
Now go look at the cost of a home or apartment in San Francisco or nearby towns. I'll wait...
I guess they'll have to lower their cost of living like the rest of us?
Earlier quoted context omitted.
Seriously. I wouldn’t be surprised if the lowest total comp was in excess of $200k/year. If you can’t have 6 months in cash sitting in a high yield savings account on that, there’s no amount of severance that will help you.
The median home value in SF is ~$1.5 million. A typical mortgage on a home like that is ~$4-5k per month. So you're assuming folks have $25-30k in liquid cash hanging around all the time. Not unrealistic but certainly not everyone working at tech companies there has that kinda cash. And that's before you factor in other costs like property taxes, insurance, etc. that you'll need to cover too.
Almost no information here or anywhere else. Any other source? What roles? How many? Edit: 30% of its recruiting team: https://www.wsj.com/articles/twitter-lays-off-third-of-talen...
I’ll second those questions; I work at Twitter and am on vacation at the moment. I saw this and immediately checked my work email and major slack channels and I see no signs of any layoffs being announced. It’s possible the person claiming it has some inside information or that the layoffs are targeting specific departments and not mine I suppose, but I’d love to see a second source or more detailed information.
And for all we know, this person isn't giving the correct information regarding blackout windows.
“ many of these folks won’t be able to sell the shares they earned. The money they need pay bills and keep them afloat if and until they get new employment. When severance ends, that’s it.” It’s Twitter’s responsibility to not only offer severance, but make sure employees keep an emergency fund?
Quoted post unavailable.
Almost no information here or anywhere else. Any other source? What roles? How many? Edit: 30% of its recruiting team: https://www.wsj.com/articles/twitter-lays-off-third-of-talen...
Earlier quoted context omitted.
> The money they need pay bills and keep them afloat if and until they get new employment. How will these people that were making well into six figures possibly survive?
Now go look at the cost of a home or apartment in San Francisco or nearby towns. I'll wait...
Earlier quoted context omitted.
Seriously. I wouldn’t be surprised if the lowest total comp was in excess of $200k/year. If you can’t have 6 months in cash sitting in a high yield savings account on that, there’s no amount of severance that will help you.
The median home value in SF is ~$1.5 million. A typical mortgage on a home like that is ~$4-5k per month. So you're assuming folks have $25-30k in liquid cash hanging around all the time. Not unrealistic but certainly not everyone working at tech companies there has that kinda cash. And that's before you factor in other costs like property taxes, insurance, etc. that you'll need to cover too.
That's like 3-4 months of post-tax pay for a twitter engineer (and not a senior one at all). Yeah, i would expect them to be able to have that much in savings.
If someone cant accumulate roughly 15% of their annual compensation in savings, while earning $200-400k/yr, then I have no idea what else could be done here to help.