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05:05 schestowitz; >>> From 2023:
05:05 schestowitz; >>>
05:05 schestowitz; >>> https://www.theregister.com/2023/04/24/ibm_red_hat_layoffs/
=> ↺ https://www.theregister.com/2023/04/24/ibm_red_hat_layoffs/
05:05 schestowitz; >>>
05:05 schestowitz; >>> One employee was paid $250,000 to do nothing, they hoped he would
05:05 schestowitz; >>> quit and find another job instead of demanding a severance payment.
05:05 schestowitz; >>>
05:05 schestowitz; >>>
05:05 schestowitz; >>> https://fortune.com/2023/01/25/ibm-layoffs-3900-kyndryl-watson-health/
=> ↺ https://fortune.com/2023/01/25/ibm-layoffs-3900-kyndryl-watson-health/
05:05 schestowitz; >>>
05:05 schestowitz; >>> Budget of $300 million for 3,900 redundancies
05:05 schestowitz; >>> (average $76000 per person, although some of the people only had very
05:05 schestowitz; >>> short employment or lower skilled jobs)
05:05 schestowitz; >>>
05:05 schestowitz; >>> The article mentions $10.5 billion free cashflow
05:05 schestowitz; >>>
05:05 schestowitz; >>>
05:05 schestowitz; >>> https://www.thelayoff.com/t/1mj1y6du
=> ↺ https://www.thelayoff.com/t/1mj1y6du
05:05 schestowitz; >>>
05:05 schestowitz; >>> Mentions gag orders for receiving payments above the statutory expectation.
05:05 schestowitz; >>>
05:05 schestowitz; >>>
05:05 schestowitz; >>>
05:05 schestowitz; >>> From 2009 redundancies:
05:05 schestowitz; >>>
05:05 schestowitz; >>> https://www.computerworld.com/article/2523233/ibm-plans-lump-sum-severance-for-those-laid-off.html
=> ↺ https://www.computerworld.com/article/2523233/ibm-plans-lump-sum-severance-for-those-laid-off.html
05:05 schestowitz; >>>
05:05 schestowitz; >>> Lump sums: 2 week's pay for every 1 year of service
05:05 schestowitz; >>
05:05 schestowitz; >> In many companies they still use HR tricks to claim you're not even
05:05 schestowitz; >> entitled to anything. IBM has a large army of lawyers, so if you
05:05 schestowitz; >> disagree with them, prepare to pay lawyers for a long time and maybe
05:05 schestowitz; >> you'll even become lucky.
05:05 schestowitz; >>
05:05 schestowitz; >> Workers' protections have not been good in recent years, maybe
05:05 schestowitz; >> decades. NDAs are used to deny people access to precedents.
05:05 schestowitz; >
05:05 schestowitz; >
05:05 schestowitz; > Yes, but people sometimes leak them and a small number of cases did go
05:05 schestowitz; > to court.
05:05 schestowitz; >
05:05 schestowitz; > If anybody is getting a lawyer to pursue their redundancy benefits then
05:05 schestowitz; > it may be useful for the victims' lawyers to be able to browse through
05:05 schestowitz; > articles that have been tagged or categorized in some way
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