481–490 of 936 posts
Aw and you went to coding school to learn Ruby of Rails for the IPO and are now stuck with an irrelevant skillset. AirBnB is the only reason the bay area uses Ruby. All those startups stuck maintaining old code bases can only find talent because of attrition or rejects from AirBnB.
How did you come up with your conclusion that RoR is irrelevant? Declining, yes, but irrelevant? Wake up kiddo...
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Anyone who loses health insurance due to losing their employment (even if they voluntarily resign) is legally allowed to buy COBRA for 18 months. I think they are paying for it, otherwise this would be a fairly meaningless statement since the employer isn't involved with COBRA at all and that's less eligibility than any employee would have.
Many times employers will make statements like this for better PR (always leaving out that they were required to)
If Airbnb is willing to pay 14 weeks (3.25 months) of severance, they must believe this is going to go on significantly longer than that. Or they're using this as an opportunity to cut underperformers at the same time. Because if they believed things would start to recover by fall, wouldn't you just pay the people as normal and make a judgement call around then? You're spending the payroll money either way -- 14 week…
Airbnb employee, opinions are my own. You need to operate the company under the assumption that this will happen for a very long time, and that even afterwards people will think about travel differently
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As I recall, COBRA is pretty expensive.
They wanted like $1400/month for family coverage when I left my last job. I rolled the dice and went without it. It's available retroactively so if you need it later you can sign up for it.
So you basically get 90 days "free" COBRA, but your deductible is 1, 2 or 3 months premiums.
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You mean if you're still an employee? I've read their RSUs have 7y expiration, which is part of the whole Airbnb IPO problem because the ones from 2014 will start expiring next year. But what's the window to exercise once you leave the company? I doubt it's until expiration.
Forgive my ignorance but how do RSUs expire? I thought those are just stocks?
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It's really strange to me that companies in the US can just determine how much severance they're "willing" to pay. Why is it even up to them?
Most employees in the US are hired at will. This means that the companies are not obligated to continue to offer their employees work. Severance is usually paid by the employer so that the employee agrees to leave amicably and does not sue for wrongful termination. Which country do you live in? Is it common practice for all employees to have severance negotiated as part of an employment contract? What happens if the…
Some examples:
- somebody who makes 5000 euro gross per month who's 20 years with the same company would get ~15 months severance.
- somebody who makes 3000 euro gross who's 5 years at a company would get 7 months of severance.
Interestingly enough, the age of the employee is a factor of the equation!
When it's the employee who decides to leave the company, the company can require them to stay on for many months, again depending on how long the employee was with the company. Or the company can agree to release earlier, but it will still be on the hook for a significant amount of months of salary.
Let's just say that the decision to hire an engineer isn't done lightly.
There are going to be a lot of tough decisions for people who have to decide whether to buy their Airbnb options or lose them. I bet a lot of people at Airbnb are wishing they went public before all this.
While Airbnb is clearly going through a rough patch right now, there is a clear bull-case argument for why Airbnb will emerge stronger than it's ever been after this: - Airbnb has sufficient cash in the bank to survive the crisis. - A significant % of hotels and budget chains will not survive the crisis --> decreased competitor supply - People will be looking for budget options when traveling --> increased demand for…
The actual hotel properties are not going to be abandoned, demolished, or converted into something else. Hotels will continue to run as hotels, tho possibly with a change of ownership/management.
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That's roughly equivalent to what anyone in France would get if they get fired
According to https://shieldgeo.com/terminating-an-employee-in-france-a-gu... it would rather be roughly 1 week pay per year of seniority. However it is hardly comparable as unemployment benefits would kick in (on average 72% of your previous salary after taxes, maximum duration 24 months with decreasing amount). For instance if you worked 3 years and your annual salary was 80k, you could get a benefit of 57k over 12…
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> the company said that 1,900 employees will be laid off, or 25.3% of its 7,500 workers Thought I misread that the first time through. What did those 7,500 do?
Tell us why you think 7,500 employees is too high, in order to implement, maintain, and grow an online lodging and experiences marketplace in 191 countries.
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I first misread it as "14 months" (as usually you count in months), but it was way out of bounds.
really? i've always counted weeks, since every week is the same lenght (and paid fortnights, since every fortnight has the same lenght). i get paid by the month now and it's super weird to me, as if i'm worth more in february than in march.