Robinhood will allow laid off employees to remain employed for 2 months after learning of their layoff status. Is this a normal thing for employers to do? Who would actually work instead of just grinding leetcode? Sauce: https://blog.robinhood.com/ TC: $51/hr
It is a federal law called the WARN act to protect employees when a company with 100 or more employees does a mass layoff. It is not a courtesy thing
Most companies will just keep you on payroll for 60 days but take away all of your software access to prevent you from doing dangerous things to you and the company
Why coinbase didnt do that?
Getting paid to LC - what’s better than that? Can legit go to every standup meeting and say “working on it” while LCing lol
That’s what I’m wondering too lol, if you know you are getting fired, why contribute when you can get paid to LC
Exactly seems like the best severance
Will they be paid too?
They are not bankrupt yet. So likely paid
That just seems like severance pay with extra steps.
Rick and morty reference?
It's basically severance
Very standard. You are officially done asap but they keep you in the books for 60 days to meet legal requirements.
This is so important for H1B workers
Extra 60 days basically