I get when and why companies lay people off. Sucks, but it makes sense.
What Musk is doing with Twitter employees isn't a layoff; it's tossing employees into the trash.
Let's compare how Stripe and Lyft have handled their RIFs this week:
STRIPE:
- 14 weeks severance pay
- Approximately 14 weeks of health insurance
- Waived RSU cliff and accelerated vests
LYFT
- 10 weeks of severance
- Something like 20 weeks of healthcare coverage
- Accelerated vest
- Notified via work email
- Not immediately locked out of their systems
TWITTER (under Elon)
- Asked to work well beyond 40 hr/wk
- No severance
- No vest
- Notified via personal email
- Crapshoot whether they can access systems later today
This is reprehensible.
I know I'm a small fish, but this was a chief reason behind me not buying another Tesla next year (which I was going to finance next month). I cannot support leaders who treat their people like this.
What Musk is doing with Twitter employees isn't a layoff; it's tossing employees into the trash.
Let's compare how Stripe and Lyft have handled their RIFs this week:
STRIPE:
- 14 weeks severance pay - Approximately 14 weeks of health insurance - Waived RSU cliff and accelerated vests
LYFT
- 10 weeks of severance - Something like 20 weeks of healthcare coverage - Accelerated vest - Notified via work email - Not immediately locked out of their systems
TWITTER (under Elon)
- Asked to work well beyond 40 hr/wk - No severance - No vest - Notified via personal email - Crapshoot whether they can access systems later today
This is reprehensible.
I know I'm a small fish, but this was a chief reason behind me not buying another Tesla next year (which I was going to finance next month). I cannot support leaders who treat their people like this.