Kind of annoying that the CEO is writing out details on twitter before they contact the affected companies...
Not it’s not. It’s good communication
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
#12Is 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.
For those unaware, dept of labor takes late paychecks seriously and will help you as a worker. Late paychecks and other forms of wage theft make up the single largest category of theft. Too bad more people are riled up over small time crimes like shoplifting leaving many in the dark about what they can do about their employers stealing from them.
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#13[deleted]
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#14This article is slightly click-baity. The payments are delayed in some cases, not held out altogether. From what I'm hearing so far, Rippling has changed banks over night and has instructed all clients to update the ACH filters accordingly. Only payroll cycles caught in-between will be affected, but even then they are delayed, but not held.
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#15This article is slightly click-baity. The payments are delayed in some cases, not held out altogether. From what I'm hearing so far, Rippling has changed banks over night and has instructed all clients to update the ACH filters accordingly. Only payroll cycles caught in-between will be affected, but even then they are delayed, but not held.
> The payments are delayed in some cases, not held out altogether
That would still be a disaster for me. But I guess that says more about me and my lack of financial stability, than it says about anyone else..
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#16Oof, heavy hit for people relying on those paychecks being timely. Decent of Rippling to cover overdraft fees of those affected, at least.
Can you imagine the conversation this morning?
"Hey, your paycheck won't be coming today and I need you drop what your doing and make an emergency change to our apis so that we can use JP Morgan Chase. We're going to have to skip all the usual test environments."
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#17Earlier quoted context omitted.
Off to the Department of Labour, they won't look kindly on late paychecks.
For those unaware, dept of labor takes late paychecks seriously and will help you as a worker. Late paychecks and other forms of wage theft make up the single largest category of theft. Too bad more people are riled up over small time crimes like shoplifting leaving many in the dark about what they can do about their employers stealing from them.
Both categories of crime are serious. I don't know why that's not an option.
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#18Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#19Kind of annoying that the CEO is writing out details on twitter before they contact the affected companies...
Better to hear directly from the CEO in a distributed fashion. I see that as taking ownership (compare to LastPass)
Re: SF payroll firm Rippling has to delay payouts after Silicon Valley Bank collapse
#20Earlier quoted context omitted.
For those unaware, dept of labor takes late paychecks seriously and will help you as a worker. Late paychecks and other forms of wage theft make up the single largest category of theft. Too bad more people are riled up over small time crimes like shoplifting leaving many in the dark about what they can do about their employers stealing from them.
Both categories of crime are serious. I don't know why that's not an option.
Fun fact: the catholic church considers both murder and late wages "sins that cry to heaven". If someone can't make the rent because someone else messed up it can have enormous ripple effects.