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by sangnoir
979 days ago
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> You don't know the odds ex ante! No, you can simply choose your cut off time for a hail-mary at 2 months of runway, rather than 0 months of runway. Leaders don't have to rundown the clock (and bank balance) to 0 - they may choose to, like they did in this instance. > You're arguing for special treatment of well-paid tech workers over e.g. truck drivers Again, no. I'm arguing against your suggestion that the Convoy folks without severance are going to be alright because they have unemployment. I hope none of them are on H-1B visas as they just lost all control to when their clock starts ticking. > The solution is to not work for a start-up This is a false dichotomy. There are plenty of startups led by people who do right by their employees; I have worked with some before of them, and I will not hesitate to work with them again in the future because I trust them not to screw me over like this. |
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I'm saying it isn't that simple to project runway in some businesses.
> arguing against your suggestion that the employees without severance are going to be alright because they have severance
Sorry, we agree on this. This will suck for everyone involved. If it was preventable, that's on management.
> plenty if startups led by people who do right by their employees
When push comes to shove, constraints apply. Shutting down a start-up with cash in the bank isn't something that happens without a fight. There will be lawyers, possibly lawsuits, and delays. Convoy had $100+ million in debt; the employees would have had to fight claims of wrongful conveyance.
Put another another way: the CEO paid employees another few months' salary instead of handing that cash to its lenders.