Independent thinking for complex markets and current events
Forced attrition replaces pink slips… Yep. Already know of someone in the DFW suburbs who is moving back to Seattle bc of this — Amy Nixon (@texasrunnerDFW) June 25, 2025 The company is not issuing mass emails. Instead, the message is being delivered through one-on-one meetings and internal town halls. Some employees have speculated that …
What a failure…why take the job? Didn’t even give any severance. 🚨 BREAKING: Party City is closing ALL stores after almost 40 years in business! CEO Barry Litwin announced to corporate staff that operations are "winding down" IMMEDIATELY, with today being their final day. This marks the end for America's largest party supply retailer. pic.twitter.com/30tmqSbXFy …
A very strong labor market where you, checks notes, take a 30% base pay cut, 15.5% expected cut (if target hit), title demotion from Level 2 to Level 1, AND return to the office. This is simply a mechanism to avoid paying severance as many quit. https://t.co/Amox88vtkI — Michael Green (@profplum99) October 16, 2024 https://threadreaderapp.com/thread/1846574571803009385.html
Former Twitter executives including CEO Parag Agrawal, Chief Financial Officer Ned Segal, head of legal Vijaya Gadde and General Counsel Sean Edgett filed a new lawsuit against Elon Musk and X Corp. in federal court arguing that they are owed $128 million in unpaid severance. In their complaint, lawyers for the ex-Twitter executives say that …
Musk—whom the lawsuit calls “personally liable”—allegedly decided not to pay the promised severance, instead only giving one month of base pay to some employees. When Forbes reached out to Twitter and Musk via email, the Twitter press email automatically responded with a poop emoji. Elegant as always. https://www.forbes.com.au/news/billionaires/twitter-and-elon-musk-face-736-million-lawsuit-for-allegedly-refusing-severance-for-fired-employees/