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Brex Layoffs

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Re: Brex Layoffs

#131

Post by lr1970 »

ok_dad wrote: post #126
ralphc wrote: post #117

Earlier quoted context omitted.

Looking at that list 6 months of COBRA is short, really short. In this job-search environment your COBRA is going to run out well before you could find your next job. When I was laid off from Oracle in 2012 I got 18 months of COBRA. That sounds must more reasonable.

The marketplace coverage (or straight Medicaid) is cheaper than cobra these days. Cobra was 2200 for my family, with marketplace we pay 400.

> The marketplace coverage (or straight Medicare)

Medicare is available only to 65+ y.o. people. You probably wanted to say Medicaid.

Re: Brex Layoffs

#132

Post by ok_dad »

jjav wrote: post #128
ok_dad wrote: post #126

Earlier quoted context omitted.

The marketplace coverage (or straight Medicaid) is cheaper than cobra these days. Cobra was 2200 for my family, with marketplace we pay 400.

Not necessarily, when I left a company (to take a break) continuing with COBRA was ~$3400/month, the direct marketplace insurance was ~$3200/mo.

It does depend on income because the lower prices are due to tax credits, but this early in the year these folks should have a low estimated income. I recon you had a big estimated income that year? I had a similar issue where the last few months I was paying 1500 for marketplace insurance, it’s only in the new year I’m paying less.

Re: Brex Layoffs

#133

Post by ok_dad »

lr1970 wrote: post #131
ok_dad wrote: post #126

Earlier quoted context omitted.

The marketplace coverage (or straight Medicaid) is cheaper than cobra these days. Cobra was 2200 for my family, with marketplace we pay 400.

> The marketplace coverage (or straight Medicare) Medicare is available only to 65+ y.o. people. You probably wanted to say Medicaid.

Yes thanks

Re: Brex Layoffs

#134

Post by ensignavenger »

yesimahuman wrote: post #89
ensignavenger wrote: post #84

Earlier quoted context omitted.

As an SVB customer, how bad was it? Did you have any delays or other issues accessing your money? Did service or perks change a lot after the takeover?

They let us get our cash out within a few days IIRC, and we switched to a different bank (was right after we were acquired so kind of a different situation). I would say there's still a large gap in the market SVB filled but I am not using them for my new company yet so can't compare before/after.

Cool, it was my impression it was fairly smooth for customers. Glad it worked out well for you and congrats on the acquisition!

Re: Brex Layoffs

#135

Post by twojobsoneboss »

JCharante wrote: post #99

> Waiver of the one-year equity cliff for those who haven’t reached theirs yet. That's nice, however I find it "unfair" that if you are offered X RSUs as part of your first year comp but they vest over 4 years then if you get laid off you lose them even if you already "worked" for them. My experience losing 40k worth of RSUs at my first job has certainly soured equity compensation in my eyes.

[dead]

Re: Brex Layoffs

#136

Post by twojobsoneboss »

frfl wrote: post #120
yalogin wrote: post #112

How bad is the job market for tech folks now? Are companies hiring at all ?

My response will just be one data point, so take it with a grain of salt and do your own research. Job applications to interview rates are _way_ down, like 5% or less. Some job posts will likely feel like you sent your job application into a black hole and it will never be seen by anyone or get any response at all. I'd imagine use of "AI" job application screening services have greatly increased and HR departments ar…

[dead]

Re: Brex Layoffs

#137

Post by jjav »

ok_dad wrote: post #132
jjav wrote: post #128

Earlier quoted context omitted.

Not necessarily, when I left a company (to take a break) continuing with COBRA was ~$3400/month, the direct marketplace insurance was ~$3200/mo.

It does depend on income because the lower prices are due to tax credits, but this early in the year these folks should have a low estimated income. I recon you had a big estimated income that year? I had a similar issue where the last few months I was paying 1500 for marketplace insurance, it’s only in the new year I’m paying less.

I believe it would've gone down on year 2, but didn't get to test that so don't have any details, as I went back to work before a year.

Re: Brex Layoffs

#138

Post by what_ever »

elvis10ten wrote: post #82
what_ever wrote: post #73

Earlier quoted context omitted.

You can enjoy those holidays with the family instead of being stressed and sad about losing the job. The holidays being Thanksgiving and Christmas.

I see. I guess different strokes for different folks. For me, if my job or project is doomed, and my employer knows, I will rather they tell me immediately so I can start figuring out solutions ASAP. It doesn’t matter if it’s the holidays. The last thing I will want is to come back from a holiday in Portugal, spirits high, year plans made, but only to be told I am fired. But I can understand the other perspective.

The amount of time you have after you are fired is the same. If you are fired later, you get paid for a month or two AND are stress free with your family during the holidays.

Re: Brex Layoffs

#139

Post by ilrwbwrkhv »

geodel wrote: post #83
ilrwbwrkhv wrote: post #37

"Today we’re restructuring Brex to become a high-velocity company" Lol. Wtf were you doing so long as a CEO? I never understood these dumb messages.

Leveraging synergies to provide accelerated experience in rapidly changing customer marketplace to become thoughtiest of all thought leaders...blah..blah..

I know right. It is such a mind boggling thing that all of the "free speech" tech aficionados speak in the highest form of nonsensical group think.
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