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Meta lays off 11,000 people

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Re: Meta lays off 11,000 people

#11

Honest question - what does 'take accountability' and 'take responsibility' actually look like for Zuckerberg here?

Honest question - what do you expect it to look like beside making the statement and giving employees a more than gracious severance package to back up the words?

Re: Meta lays off 11,000 people

#12
post #3

> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.

16 + 2 * 5 = 26, implying six months’ pay, not two years?

Re: Meta lays off 11,000 people

#14
post #3

> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.

isn't it just 26 weeks extra? 16 weeks + (2 weeks * 5 years)

Re: Meta lays off 11,000 people

#15
post #3

> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.

Wait, how is 26 weeks 2 years?

Re: Meta lays off 11,000 people

#16
post #3

> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.

5 years service would be 26 weeks / half a year, no? Am I reading this differently to you?

Re: Meta lays off 11,000 people

#18

Honest question - what does 'take accountability' and 'take responsibility' actually look like for Zuckerberg here?

This question comes up in every layoff thread.

It doesn't mean "this will have negative consequences on me personally".

It means "I don't blame anyone else for this".

Re: Meta lays off 11,000 people

#20
post #3

> Severance: We will pay 16 weeks of base pay plus two additional weeks for every year of service, with no cap. ̶T̶h̶i̶s̶ ̶i̶s̶ ̶r̶e̶a̶l̶l̶y̶ ̶g̶o̶o̶d̶.̶ ̶I̶f̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶w̶o̶r̶k̶e̶d̶ ̶f̶o̶r̶ ̶5̶ ̶y̶e̶a̶r̶s̶,̶ ̶y̶o̶u̶ ̶a̶r̶e̶ ̶g̶e̶t̶t̶i̶n̶g̶ ̶a̶l̶m̶o̶s̶t̶ ̶2̶ ̶y̶e̶a̶r̶s̶ ̶o̶f̶ ̶p̶a̶y̶.̶ I was wrong here. I read it as 16 weeks per each year of service.

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