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| admfubar | https://www.theatlantic.com/ideas/archive/2023/09/airlines-banks-mileage-programs/675374/ | Sep 27 03:13 |
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| schestowitz | Re: IBM redundancy payment policies | Sep 27 10:56 |
| schestowitz | > Hi Roy, | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > Have you received anything more specific about severance payments and | Sep 27 10:56 |
| schestowitz | > lump sums? | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > - what IBM has been paying out? | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > - what Red Hat has been paying out and whether it is identical to IBM? | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > - the guy who got $250,000 to do nothing? | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > - any other unusual cases? | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > Regards, | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > From 2023: | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > https://www.theregister.com/2023/04/24/ibm_red_hat_layoffs/ | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > One employee was paid $250,000 to do nothing, they hoped he would quit | Sep 27 10:56 |
| schestowitz | > and find another job instead of demanding a severance payment. | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > https://fortune.com/2023/01/25/ibm-layoffs-3900-kyndryl-watson-health/ | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > Budget of $300 million for 3,900 redundancies | Sep 27 10:56 |
| schestowitz | > (average $76000 per person, although some of the people only had very | Sep 27 10:56 |
| schestowitz | > short employment or lower skilled jobs) | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > The article mentions $10.5 billion free cashflow | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > https://www.thelayoff.com/t/1mj1y6du | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > Mentions gag orders for receiving payments above the statutory expectation. | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > From 2009 redundancies: | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > https://www.computerworld.com/article/2523233/ibm-plans-lump-sum-severance-for-those-laid-off.html | Sep 27 10:56 |
| schestowitz | > | Sep 27 10:56 |
| schestowitz | > Lump sums: 2 week's pay for every 1 year of service | Sep 27 10:56 |
| schestowitz | In many companies they still use HR tricks to claim you're not even entitled to anything. IBM has a large army of lawyers, so if you disagree with them, prepare to pay lawyers for a long time and maybe you'll even become lucky. | Sep 27 10:56 |
| schestowitz | Workers' protections have not been good in recent years, maybe decades. NDAs are used to deny people access to precedents. | Sep 27 10:56 |
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