| > I mean metrics for measuring responsibility towards the people, especially the laid-off ones - there seems to be absolutely none of these. First: The people being laid off are shareholders too. Prisma is offering part of their salary in equity. Second: How would a responsible lay-off other than this look like? Severance pay: All departing team members will receive one month of additional pay per year of service, plus the payout of any accrued PTO.
Healthcare benefits:
Prismas health benefits for US employees will remain in place through February.
International contractors who don’t have government funded medical cover available will receive an extra $1,000 severance.
Equity vesting: We are waiving the equity cliff for team members who have been with us for more than 6 months but less than 1 year.
Job search support: For all those who wish to, we will do our best to connect you with the various recruitment groups within our investor community.
Equipment: Keep all of the equipment that has been issued to you during the course of your employment with Prisma.
He is taking responsibility by: 1) probably not making the same mistake in the near future again, and 2) taking money out of the company's bags and giving it to employees.What is the alternative to this? Should Prisma keep the workers, which became unnecessary for reaching the company's goals? Yes, it's most likely they over hired like every other tech company. But now are in an environment, where it's difficult to raise additional funds. Obviously, Prisma is now adapting and tries to lower the cash burn rate. Furthermore, it is worth noting that most tech companies massively hired in 2019, 2020 and 2021. If it now becomes obvious, that they hired too many people, what should they do besides cutting? |