Plaid Layoffs

#1

Post by jbredeche » Wed, Dec 07, 2022, 3:53 PM UTC

Re: Plaid Layoffs

#2

Post by amykhar » Wed, Dec 07, 2022, 4:00 PM UTC

So cold, announcing layoffs to employees this way. A blog post saying "yeah, if you work for us, you're about to get an email telling you if you still do or not"

Re: Plaid Layoffs

#3

Post by james_pm » Wed, Dec 07, 2022, 4:02 PM UTC

Referring to people as "Plaids" is dehumanizing. 260 talented people were let go.

Re: Plaid Layoffs

#4

Post by piinbinary » Wed, Dec 07, 2022, 4:02 PM UTC

amykhar wrote: post #2

So cold, announcing layoffs to employees this way. A blog post saying "yeah, if you work for us, you're about to get an email telling you if you still do or not"

I'm assuming this blog post is a public copy of an internal email

Re: Plaid Layoffs

#5

Post by PhoenixReborn » Wed, Dec 07, 2022, 4:05 PM UTC

amykhar wrote: post #2

So cold, announcing layoffs to employees this way. A blog post saying "yeah, if you work for us, you're about to get an email telling you if you still do or not"

Unfortunately, in a highly regulated environment like finance or healthcare this is the norm for opsec reasons. Can't have disgruntled laid-off employees taking revenge actions against the company or customers.

Re: Plaid Layoffs

#6

Post by erehweb » Wed, Dec 07, 2022, 4:05 PM UTC

16 weeks of base pay - perhaps this is becoming industry standard for big company layoffs? (influenced by CA WARN act?)

Interesting they are paying the cash equivalent of 6 months of healthcare, rather than just extending healthcare for 6 months.

Re: Plaid Layoffs

#7

Post by dmak » Wed, Dec 07, 2022, 4:06 PM UTC

amykhar wrote: post #2

So cold, announcing layoffs to employees this way. A blog post saying "yeah, if you work for us, you're about to get an email telling you if you still do or not"

I'm pretty sure the employees received noticed before it went public.

Re: Plaid Layoffs

#8

Post by usui » Wed, Dec 07, 2022, 4:06 PM UTC

amykhar wrote: post #2

So cold, announcing layoffs to employees this way. A blog post saying "yeah, if you work for us, you're about to get an email telling you if you still do or not"

If you have a lot of experience with seeing how layoffs go down in companies, you'll see that no one is ever satisfied with the way they are done. The reception of it is highly subjective.

I personally would want to get an email telling me directly and with no bullshit involved. I don't want to listen to a CEO come up with some fake apology, and I also want to absorb the news in the confort of my own time, in my own personal space, instead of feeling like cattle being rushed from one point to the next.

IMO there's barely any point trying to appease anyone, just do it, it's ugly, move on.

Re: Plaid Layoffs

#9

Post by thiscatis » Wed, Dec 07, 2022, 4:07 PM UTC

I guess no annoying Woven by Plaid posts on LinkedIn for a while.

Success to these affected people, one rule I always remembered is don’t do layoffs in December, so extra brutal.

Re: Plaid Layoffs

#10

Post by Bluecobra » Wed, Dec 07, 2022, 4:07 PM UTC

amykhar wrote: post #2

So cold, announcing layoffs to employees this way. A blog post saying "yeah, if you work for us, you're about to get an email telling you if you still do or not"

The impression I got is that they offer a pretty generous severance package and I appreciate their transparency. If I were to apply for a job here during better times I would see this post to judge the company's character.