SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
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Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#2Oof, heavy hit for people relying on those paychecks being timely.
Decent of Rippling to cover overdraft fees of those affected, at least.
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#3Anyone who, like me, was wondering about Gusto they say the do not use SVB
https://mobile.twitter.com/GustoHQ/status/163424676119459433...
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#4Kind of annoying that the CEO is writing out details on twitter before they contact the affected companies...
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#5Is there a resource we can all use to find out if our employer is in a similar situation?
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#6Anyone who, like me, was wondering about Gusto they say the do not use SVB https://mobile.twitter.com/GustoHQ/status/163424676119459433...
Increase.com has also confirmed that their banking partners are insulated from the SVB situation.
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#7Is there a resource we can all use to find out if our employer is in a similar situation?
If you look at your bank you may be able to see the originating bank for your last direct deposit - or if you get an actual paystub it may list the bank.
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#8Is there a resource we can all use to find out if our employer is in a similar situation?
Couldn’t one check and see which bank your ACH transfer was sent from?
I guess it depends on your bank whether this is readily visible, but if not, should be available through a simple phone call to a rep that’s allowed to see more than end-users are exposed to.
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#9Kind of annoying that the CEO is writing out details on twitter before they contact the affected companies...
I kindof assume a decision meeting just finished, and the CEO took to Twitter the same time the PR department started drafting emails.
I expect the email contains much more specific instructions and an actual process to follow. These things take time to write, even at SEV1 priority.
The CEO is biasing towards speed of notification, so they tweet some quick details out ASAP while the PR team gets moving.
That’s just my perspective tho. I am assuming many things
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#10Is there a resource we can all use to find out if our employer is in a similar situation?
Off to the Department of Labour, they won't look kindly on late paychecks.