To me, the severance and exit benefits do seem to strike an employee friendly tone. Kudos to the leadership to striking a good balance on keeping the business alive and doing right by their people.
Any which way these are hard decisions :(
I get what you are saying though. They are a business and I guess they're doing what is best for their business. The severance package is generous (relatively speaking), so there's at least that.
Edit : I guess I didn't word this properly. I was saying they'd lose top performers if their salaries are cut, during normal times.
Facebook and Amazon, just to mention a couple of giants that would probably love if every company doing layoffs right now would instead halve their top performers' compensation.
This is not as relevant in the Airbnb case since the expected value of RSUs went down so much that this is effectively the case even with no salary cuts.
Lots of companies with cash reserves, picking up good talent on the market.
Would you, really? If you can get a job at FB/AMZN/GOOG/Netflix paying the same or more, would you really stay? Highly unlikely I think.
I understand your skepticism, but I would - I am single and my needs are small, so it is not like my kids are gonna starve.
Facebook and Amazon, to name a couple that have contacted me in the last week.
Never a good time, but especially in this environment!
I recall that airbnb workforce has become very marketing lopsided (vs. tech). Whereas tech folks generally have an easier time landing, I imagine the environment for the next 9-12mos being very bad for marketing/MBA folks.