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Plaid Layoffs

plaid.com

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Re: Plaid Layoffs

#41

Dear Floofernistas, This is the hardest thing I have ever done. The market changed - I thought we would make more money, now I think we will make less money. Therefore we have discovered that we don't need all of you. If you aren't needed, here is some money. I hope this is enough money that the internet isn't too mad at me. Remaining Floofernistas, please be kind to the ex-Floofernistas, and help them. Again, I am s…

what else needs to be said?

Re: Plaid Layoffs

#42
post #6

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.

In the US, (most) employers are required to offer former employees continued coverage via the COBRA (https://www.dol.gov/general/topic/health-plans/cobra) program. COBRA compliance is built in to corporate insurance policies. Extending healthcare coverage via another method would require extra costs on the employer's part.

Giving former employees the cash equivalent allows them to use COBRA if desired or to find alternative coverage.

Re: Plaid Layoffs

#43
post #8

Earlier quoted context omitted.

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…

I've never been a part of something like this where the effected had not already heard about it from their direct manager prior to the official public conversations. Granted it might have only been a couple hours, but they've had some time and privacy to digest the reality ahead of the townhall style discussions & the email blast from the CEO. I'm sure it happens and there are plenty of reasons for it, but I've alway…

I'm not saying that isn't the best for the employee being laid off, but the news spreads SUPER fast. Someone has an unscheduled 1:1 with a manager and then a private meeting immediately after (with HR usually), a few other people see they have similar things that day, and news starts to spread. That causes panic and confusion across the company ANYWAY.

I think as the parent said, there is no way that keeps all parties happy ... the employees, the leadership, the remaining folks, and now the public.

Re: Plaid Layoffs

#45
> For Plaids in the UK and Europe, you will receive an email outlining how the process will work in accordance with your local employment laws.

My company also did layoffs recently. I'm quite happy about how it works here in the EU, can't just fire people on the spot. It's a whole process where you need to map out what roles you need going forward, and then which people should fill those roles, so can't just at random fire people. In our process those in danger of being let go had talks with management and got help from our union to make sure everything was done by the book.

Re: Plaid Layoffs

#46

Dear Floofernistas, This is the hardest thing I have ever done. The market changed - I thought we would make more money, now I think we will make less money. Therefore we have discovered that we don't need all of you. If you aren't needed, here is some money. I hope this is enough money that the internet isn't too mad at me. Remaining Floofernistas, please be kind to the ex-Floofernistas, and help them. Again, I am s…

And BTW, I take full responsibility for everything, which means nothing.

Narcissists think the worst punishment in the world is having to admit they were wrong about something.

Not cleaning up their messes, of course. That’s still on everybody else. They’re too busy contending with this harsh reality of not being right all the time.

Which means if anyone says they take full responsibility, they’re either saying “I’m a big fat narcissist” or that they imprinted on narcissists, so all of their mentors were.

Re: Plaid Layoffs

#47
post #37
post #28

What delusional playbook does every tech leader get the idea to refer to their employees by cringey names like "Plaids" or "Metamates" in serious memos like this? Imagine if your physician did this... "Hey there KaiserPermanientoid! You have cancer!"

It's all part of the cult of personality. "We're all a family." Remind me, when was the last time your father just cut out half of the family?

It happens.

Re: Plaid Layoffs

#48

Dear Floofernistas, This is the hardest thing I have ever done. The market changed - I thought we would make more money, now I think we will make less money. Therefore we have discovered that we don't need all of you. If you aren't needed, here is some money. I hope this is enough money that the internet isn't too mad at me. Remaining Floofernistas, please be kind to the ex-Floofernistas, and help them. Again, I am s…

The money isn't for the internet to be satisfied. It's to signal to the remaining employees that the company will take care of you.

Re: Plaid Layoffs

#49
post #37
post #28

What delusional playbook does every tech leader get the idea to refer to their employees by cringey names like "Plaids" or "Metamates" in serious memos like this? Imagine if your physician did this... "Hey there KaiserPermanientoid! You have cancer!"

It's all part of the cult of personality. "We're all a family." Remind me, when was the last time your father just cut out half of the family?

More often than you'd think. The best retort to "We're all a family" is "You obviously haven't met my family, or you wouldn't be saying that."
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