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rickgrimes
LSU Fan
Member since Jan 2011
3328 posts

Airbnb has set the standard for how to do layoffs
quote:

How we approached reductions

It was important that we had a clear set of principles, guided by our core values, for how we would approach reductions in our workforce. These were our guiding principles:

- Map all reductions to our future business strategy and the capabilities we will need.
- Do as much as we can for those who are impacted.
- Be unwavering in our commitment to diversity.
- Optimize for 1:1 communication for those impacted.
- Wait to communicate any decisions until all details are landed — transparency of only partial information can make matters worse.

Severance

Employees in the US will receive 14 weeks of base pay, plus one additional week for every year at Airbnb. Tenure will be rounded to the nearest year. For example, if someone has been at Airbnb for 3 years and 7 months, they will get an additional 4 weeks of salary, or 18 weeks of total pay. Outside the US, all employees will receive at least 14 weeks of pay, plus tenure increases consistent with their country-specific practices.

Equity

We are dropping the one-year cliff on equity for everyone we’ve hired in the past year so that everyone departing, regardless of how long they have been here, is a shareholder. Additionally, everyone leaving is eligible for the May 25 vesting date.

Healthcare

In the midst of a global health crisis of unknown duration, we want to limit the burden of healthcare costs. In the US, we will cover 12 months of health insurance through COBRA. In all other countries, we will cover health insurance costs through the end of 2020. This is because we’re either legally unable to continue coverage, or our current plans will not allow for an extension. We will also provide four months of mental health support through KonTerra.

Job support

Our goal is to connect our teammates leaving Airbnb with new job opportunities. Here are five ways we can help:

Alumni Talent Directory — We will be launching a public-facing website to help teammates leaving find new jobs. Departing employees can opt-in to have profiles, resumes, and work samples accessible to potential employers.

Alumni Placement Team — For the remainder of 2020, a significant portion of Airbnb Recruiting will become an Alumni Placement Team. Recruiters that are staying with Airbnb will provide support to departing employees to help them find their next job.

RiseSmart — We are offering four months of career services through RiseSmart, a company that specializes in career transition and job placement services.

Employee Offered Alumni Support — We are encouraging all remaining employees to opt-in to a program to assist departing teammates find their next role.

Laptops — A computer is an important tool to find new work, so we are allowing everyone leaving to keep their Apple laptops.


LINK

A lot of companies (at least the big ones) can learn so much from this and implement some of these best practices.


Lawyered
Ole Miss Fan
The Sip
Member since Oct 2016
8363 posts

re: Airbnb has set the standard for how to do layoffs
working for Airbnb sounds like an easy arse "job"


yatesdog38
Mississippi St. Fan
in your head rent free
Member since Sep 2013
11225 posts

re: Airbnb has set the standard for how to do layoffs
Clif investing is ridiculous anyway. Everyone with any retirement matching plan should be immediately vested.


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10
ShaneTheLegLechler
Houston Astros Fan
Inside the Mind of a Greg Jennings
Member since Dec 2011
50326 posts

re: Airbnb has set the standard for how to do layoffs
quote:

working for Airbnb sounds like an easy arse "job"


Why is that?


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00
titmouse
a tree branch above your car
Member since May 2006
5292 posts

re: Airbnb has set the standard for how to do layoffs
quote:

In the US, we will cover 12 months of health insurance through COBRA


I applaud them for supporting their US employees to this extent. I also think this is an enormous risk that could greatly impact their solvency.


BeepNode
The City of Central
Member since Feb 2014
2438 posts

re: Airbnb has set the standard for how to do layoffs
God bless silicon valley. It gets a lot of hate on this board but these bastards raise the tide for everyone else.


Errerrerrwere
LSU Fan
Member since Aug 2015
28936 posts

re: Airbnb has set the standard for how to do layoffs
quote:

God bless silicon valley.


Beep Beep

Honk honk


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61
fightin tigers
Downtown Prairieville
Member since Mar 2008
52360 posts

re: Airbnb has set the standard for how to do layoffs
quote:

I also think this is an enormous risk that could greatly impact their solvency


A lot of people expect them to go under


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20
rpr4695
LSU Fan
Member since May 2013
1948 posts

re: Airbnb has set the standard for how to do layoffs
That's the type of corporate culture that will pay dividends for them in the future.


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10
TigerFanatic99
Chicago Cubs Fan
South Bend, Indiana
Member since Jan 2007
15228 posts

re: Airbnb has set the standard for how to do layoffs
quote:

Be unwavering in our commitment to diversity.


Yeah, I know you have a lot of seniority and you are more efficient that your peers, but unfortunately, you are also white. Because of that, we're going to have to let you go.


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