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by usaphp 1317 days ago
> They were dumped unceremoniously, the result of the addled whims of a walking meme

How is that different from Stripe layoffs from yesterday? I believe Stripe employees also didn't know that they will be laid off, and they got similar compensation to what Twitter employees got.

2 comments

Stripe gave:

  - Pay until at least February 21, 2023  
  - 2022 annual bonuses even if you're not around at bonus time  
  - Pay for unused time off  
  - Six months of healthcare  
  - Accelerated stock-option vesting  
  - Career support   
  - Immigration services support for visa holders
That's public, since Stripe published the relevant email.

Twitter didn't make their terms public (there's a difference), but reports are:

  - Pay for 60 days (January 3rd, 2023)   
  - One additional month of severance if you sign a release
Those two packages are not similar.

Note that Musk's merger agreement included some other things:

  - Performance bonus paid out at target  
  - Cash contribution for healthcare  
  - Equity vesting accelerated by three months
But so far I haven't heard anyone saying they got those. We'll see.
~15% versus ~50%.

Stripe's layoffs were part of the business climate; Twitter's layoffs are the result of the new owner deciding to fire half the company.