For this specific case, not much. They've been soft-signalling this for at least weeks. H-1B holders have termination date + 2 months to find a new job (both in terms of 4 months severance & in terms of immigration law), so they're good til April. The rest of us have 4 months of income (2 months of pay + 2 months lump sum) so we're also good til April even if we have $0 in rainy day funds. The revenue/cost problem highlighted in the email has been widespread company knowledge since at least July, and sincere efforts were made out in the open to cut costs elsewhere so as not to incur this problem.
These layoffs have been signalled for at least weeks, and the signal's been clear enough that it's most of our internal Blind discussion.
I suspect the backlash on this thread is more ideological than anything. "Plaids" is not something I would even take notice of, let alone issue with, because this company has a genuine, strong, caring culture. Even the layoffs came with a personal touch with a barrage of 1:1's and offers to help. Insofar as the layoffs could not have been avoided without dampening the company's position in a competitive space, I do not understand why people are getting so mad on my and others' behalf. It was either this or a SaaS startups not being able to put SaaS margins and getting eaten by its competitors as it tries to figure out growth.
These layoffs have been signalled for at least weeks, and the signal's been clear enough that it's most of our internal Blind discussion.
I suspect the backlash on this thread is more ideological than anything. "Plaids" is not something I would even take notice of, let alone issue with, because this company has a genuine, strong, caring culture. Even the layoffs came with a personal touch with a barrage of 1:1's and offers to help. Insofar as the layoffs could not have been avoided without dampening the company's position in a competitive space, I do not understand why people are getting so mad on my and others' behalf. It was either this or a SaaS startups not being able to put SaaS margins and getting eaten by its competitors as it tries to figure out growth.