Musk’s inner circle worked through weekend to cement Twitter layoff plans
1–10 of 852 posts
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#2Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#3So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant.
Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN
Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...."
Penalties for Violation: "A possible civil penalty of $500 a day for each day of violation. Employees may receive back pay to be paid at employee’s final rate or 3 year average rate of compensation, whichever is higher."
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#4> The company has yet to release a formal announcement of the acquisition. The communications department has gone silent. Rumors have swirled about layoffs, with some notices going out quietly.
Is it just me or is this headline totally misleading?
No formal announcement yet folks.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#5Did Twitter file a California WARN notice? If not, they need to do so and give 60 day notice to workers in California. So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant. Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...." Penalties for Violation: "A po…
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#6Did Twitter file a California WARN notice? If not, they need to do so and give 60 day notice to workers in California. So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant. Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...." Penalties for Violation: "A po…
"Employers who fail to provide notification must provide their laid-off employees with back pay and benefits for the period of the violation (which means the amount of time by which their advance notice fell short of 60 days)."
The value of ripping off the Band-Aid could easily be worth two months of severance in his mind.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#7Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#8From the linked article: > The company has yet to release a formal announcement of the acquisition. The communications department has gone silent. Rumors have swirled about layoffs, with some notices going out quietly. Is it just me or is this headline totally misleading? No formal announcement yet folks.
Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#9Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans
#10Did Twitter file a California WARN notice? If not, they need to do so and give 60 day notice to workers in California. So, don't accept anything that doesn't preserve your rights to your Tuesday equity grant. Details here: https://edd.ca.gov/en/Jobs_and_Training/Layoff_Services_WARN Key Provision: "Layoff of 50 or more employees within a 30-day period regardless of % of workforce. ...." Penalties for Violation: "A po…
Doesn't seem like an insurmountable obstacle. From some Googling: "Employers who fail to provide notification must provide their laid-off employees with back pay and benefits for the period of the violation (which means the amount of time by which their advance notice fell short of 60 days)." The value of ripping off the Band-Aid could easily be worth two months of severance in his mind.