Slate Money Pay Offs & Lay Offs
22 snips
May 31, 2025 The discussion kicks off with the shifting dynamics of job losses and how severance packages play a crucial role in corporate reputation. As AI threatens white-collar jobs, the group explores its impact on traditional employment and the value of college degrees. They also delve into the rise of stablecoins, examining their connection to traditional finance and recent market changes. Personal stories highlight successful transitions amidst AI layoffs, illustrating adaptability in a changing job landscape.
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Why Companies Pay Severance
- Companies pay severance mostly to manage internal and external backlash and maintain reputation.
- They want to avoid lawsuits and reassure current employees left behind after layoffs.
Felix's Severance Negotiation Stories
- Felix Salmon shared stories of getting severance checks after strategic shifts or demotions.
- These checks often represent negotiated payouts despite no legal obligation to pay.
Negotiate Severance Terms
- Always negotiate your severance terms to get a better deal.
- The initial offer is the lowest they'll give, so pushing for more has no downside.