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Carta lays off 10% of the workforce

news.ycombinator.com

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Re: Carta lays off 10% of the workforce

#21

Post by TAForObvReasons »

m8s wrote: post #11
globalise83 wrote: post #8

I find it strange that the incentives for self-departure are weaker than for non-voluntary departure. Usually it's the other way around, or maybe just where I come from. What's the logic behind incentivising people to not quit?

I was about to ask the same thing. Why would someone leave voluntarily for worse benefits?

Suppose you wanted to leave. There are 2 choices:

A) Voluntarily leave and get some sort of severance.

B) Wait and gamble that the company decides to ask you to leave.

If you wait and are not selected to leave, you likely won't get any severance. So if you are angling to leave, it's safer to just take the package.

Re: Carta lays off 10% of the workforce

#22

Post by baggy_trough »

danwee wrote: post #16

I always wondered how American companies lay off European employees (when the companies have branches in European countries). Usually, in Europe, you cannot just fire someone without a justified reason (and no, saving costs is not a justified reason). Such reason are usually: the employee did something illegal (data leaks, sell internal information, etc.) or something related to harassing other employees. Even with b…

How can "we don't have the money to pay you" not be a justified reason?

Re: Carta lays off 10% of the workforce

#23

Post by mardifoufs »

danwee wrote: post #16

I always wondered how American companies lay off European employees (when the companies have branches in European countries). Usually, in Europe, you cannot just fire someone without a justified reason (and no, saving costs is not a justified reason). Such reason are usually: the employee did something illegal (data leaks, sell internal information, etc.) or something related to harassing other employees. Even with b…

I think there's a legal difference between laying off employees "in bulk" by shutting down teams/divisions versus firing individual employees .

Re: Carta lays off 10% of the workforce

#24

Post by notch656c »

mathieuh wrote: post #14
qaq wrote: post #2

"Visa holders get one 30-minute paid consultation with an immigration attorney" wow

I know lawyers can be verbose but surely it takes less than 30 minutes to say “you’re fucked”

Hey it's not "you're fucked!"

It's your fucked unless your true love decided today was the day to get married!

Re: Carta lays off 10% of the workforce

#25

Post by kaesar14 »

danwee wrote: post #16

I always wondered how American companies lay off European employees (when the companies have branches in European countries). Usually, in Europe, you cannot just fire someone without a justified reason (and no, saving costs is not a justified reason). Such reason are usually: the employee did something illegal (data leaks, sell internal information, etc.) or something related to harassing other employees. Even with b…

How is saving costs not a justifiable reason? Maybe all of this is why European employees have such a hard time finding US salaries.

Re: Carta lays off 10% of the workforce

#26

Post by softwaredoug »

According to Blind the CTO was also fired and is being sued by the company

> eShares Inc. d/b/a Carta Inc. filed a breach-of-contract and trade secrets lawsuit against former CTO Jerry O. Talton III on Friday in New York Southern District Court. The suit, brought by Dechert, accuses the defendant of leaking private, privileged and confidential info to outside parties in order to induce and assist legal claims against the company. Counsel have not yet appeared for the defendant. The case is 1:22-cv-10987, eShares Inc. v. Talton.

https://www.law.com/radar/card/eshares-inc-v-talton-iii-4732...

Re: Carta lays off 10% of the workforce

#27

Post by qaq »

themitigating wrote: post #17
qaq wrote: post #2

"Visa holders get one 30-minute paid consultation with an immigration attorney" wow

Seriously? Look at their other severance benefits. Besides if you need an attorney for an immigration case it would be a massive amount of hours. The 30 minutes consultation is helpful to decide if you need to pursue a case. I can't believe with all they are giving you still had to shit on it somehow.

Tell me you never dealt with US visa system without telling me you never dealt with US visa system

Re: Carta lays off 10% of the workforce

#29

Post by prepend »

qaq wrote: post #2

"Visa holders get one 30-minute paid consultation with an immigration attorney" wow

I think it basically means they can’t answer visa related questions so anything they can’t answer gets punted to this consult.

It’s a consideration that they’ll have lots of questions that would have been “I don’t know, go find an attorney.” So now it’s “we paid this attorney to answer you up to 30 minutes.”

Visa holders are extra hosed during layoffs, but there’s not really any way to avoid this as you can’t favor visa holders to not be laid off.

Re: Carta lays off 10% of the workforce

#30

Post by theshadowmonkey »

themitigating wrote: post #17
qaq wrote: post #2

"Visa holders get one 30-minute paid consultation with an immigration attorney" wow

Seriously? Look at their other severance benefits. Besides if you need an attorney for an immigration case it would be a massive amount of hours. The 30 minutes consultation is helpful to decide if you need to pursue a case. I can't believe with all they are giving you still had to shit on it somehow.

I can tell you what your options are being on a visa for free. You dont need a 30 min consultation with an immigration attorney. Better benefit is instead of severance, keep employees on visa on payroll through that severance period.
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