Amplitude Lays Off 13% of Team (99 people)
amplitude.com
amplitude.com
According to https://webapps.dol.gov/elaws/faq/esa/flsa/007.htm
> There is no requirement in the FLSA for severance pay. Severance pay is a matter of agreement between an employer and an employee (or the employee's representative).
However, companies don't want to give advance notice so instead they immediately "lay you off" by removing access to everything, then give you "notice" that you'll be off payroll in some weeks/months as required by the act.
I'm not a lawyer, it seems like a pretty grey interpretation of the law, but at least this is better than no severance.
In Europe the floor and the ceiling of how you get treated is more compressed. Hitting rock bottom is more comfortable but being a software developer? Probably not.
These payouts are probably to ward off lawsuits that developers can afford, but retail workers could not.
Glad you got another job, and hopefully you're getting out of debt again, and ideally you can build a larger safety net for the future.
I do get angry when I see people practically foaming at the mouth when Twitter employees get fired. When they are asked about whether it's right their response is something like "big tech employees deserve".
Have been in your situation where I got in to debt (mid 5 figures). Even after getting new jobs, it was a few years of grind to get back to 0, then several more to have some semblance of long-term savings, all while reducing consumption/expenditures dramatically.
Unsure what "not enough" was, but the standard "3 months" savings advice - even doubling to 6 - is really at the low end. For mid-career software folks, I recommend people aiming for at least a couple years of cash-like savings. Yes, it's hard, but it's easier than in many other professions.
Some random no name startup or boring non tech company? The US salary is likely higher than the European equivalent but not enough to bulldoze away the European social benefits.
(I could rant about how it didn't need to be this way and that between noncompetes, nonsolicits, aggressive perf processes, and giving shitty raises the turnover is entirely their own fault and everyone would be happier job hopping less. But that's a rant for another time.)
Retail or manual labor in US is probably worse.
Nothing requires it and there are no standards. If they don't like you and you get fired (which they can do without cause or reason or explanation) then you get nothing.
Now do you get 6 months severance as a truck driver ? construction worker ? cashier ?
btw big tech companies also often offer packages in Europe, on top of the state sponsored unemployment benefits
Advice: Talk to your users:)
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$11000of course it isn't just to look like everyone else, it's also going to get them a some free press! People here are already talking about how great Amplitude is
Different Amplitude, looks like.
Blog posted on Apr 5, and same day is the last day for many. Damn that's so fast, no time to even think and process.