I asked ChatGPT to make it brutal:
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Listen up: 20% of you—528 people—are out. This isn’t a discussion. I’m pulling the plug on your roles. That’s it.
Why? Because we’re not making enough money to keep this bloated mess afloat.
We’ve been weighed down by too many damn layers, too much bureaucracy, and soft sales. We’re not here to carry dead weight. If your department wasn’t delivering, you’re gone. We’re only keeping what’s absolutely necessary to survive.
What’s next
This is a brutal market, and we’re not interested in getting left behind while our competitors rake it in. We’re cutting back hard and doubling down on what we think might actually make us cash. This is a no-BS, keep-up-or-get-out game now. You’ll hear more about our plans for 2025 soon.
What you get if we’re cutting you loose
Here’s what you can expect, take it or leave it:
Severance: 16 weeks’ pay, plus an extra week for every year you put in here. If you’re international, you’ll get what’s legally required. No more, no less.
Equity: We’ll throw you your Q4 vest.
Bonus payout: If you were on a bonus plan, you’ll get a prorated payout based on what we predict you would’ve gotten.
Leave payouts: If you had any paid leave left, you’ll get a check for it.
Visa holders: We’re giving you a bit more time and a consult for your next steps. After that, you’re on your own.
Healthcare
US folks: Six more months of COBRA.
Canada folks: One month of healthcare.
All of you: You can still use Modern Health for therapy. You might need it.
Devices
Keep whatever company devices you’ve got. We’re not taking them back.
Job placement
You’ll get some career coaching and placement help, but after that, it’s up to you.
What’s happening next
We’ll give the rest of the details later today. If you’ve got questions, there’s a Town Hall later this week.
For those who got cut: thanks for your work.
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