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lotsofpulp 7 hours ago

White collar firms with a reputation for paying well don’t cheap out on severance. It’s a cheap way to get employees to sign some stuff reducing the risk of lawsuits, plus their unemployment insurance premiums stay lower.

It’s only once the business is having a cash crunch or will no longer need to hire competitive candidates that they start letting people go without severance.

darth_avocado 4 hours ago | parent [-]

> White collar firms with a reputation for paying well don’t cheap out on severance

Tell that to Elon Musk and Twitter employees.

__loam 3 hours ago | parent [-]

Musk saddled that company with an additional billion in debt interest payments every year so they were in a cash crunch.

shimman 2 hours ago | parent [-]

Oh is that the excuse why the billionaire couldn't afford to pay out pennies?