Brex Layoffs

Kind of saw that coming. The salaries at Brex were insane.

> To continue capturing the massive opportunity ahead, we’re hyper-focused on building a high-velocity product and growth machine.

I mean, who wouldn't want to work for this guy?

"high velocity"

I like that they shared publicly the severance package (I missed that in a company before, the severance package was only available to the ones laid off, and you wouldn't even know if you got the same as your colleagues).

And the package itself seems alright too (and sensible, for example: the laid off can keep their laptops. What would company do with almost 300 extra laptops?). Time of the lay off also not too bad (firing people in November/December is really uncool).

All in all, not TOO bad from what I can see in the public post.

Oh, and they also said how many people first, not how many percent, which suggest they think about their human resources as actual individuals.

Previously:

Brex, valued at $12.3B earlier this year, lays off 11% of staff https://news.ycombinator.com/item?id=33167302 (October 11, 2022 — 14 points, 1 comments)