Good point. If they're wanting to part ways with 25% of the workforce now, covering 3 months of full salary and 12 months of expensive healthcare, they must be expecting fundamental market shifts.
Also, the debt they took on may have been partly to cover these lavish severance packages while also extending the runway.
And yes, this is extremely lavish. Paying severance that appears roughly equal to the median annual income in the USA.
Also, the debt they took on may have been partly to cover these lavish severance packages while also extending the runway.
And yes, this is extremely lavish. Paying severance that appears roughly equal to the median annual income in the USA.