Tyler wrote:Explain the Hooli thing to me. Evie is talking during that. They are firing 1/5 people because the severance they pay out is cheaper than the stock they get back? Was does the non compete have to do with this?
Talking with Feddersen helped. We pieced some of it together more.
*something wrong with the contract relating to the non-compete. They want to fire people* - still a little confused here.
If they fire people without cause they need to pay out a severance and the employee keeps their stock.
If they fire people WITH cause they do not pay severance and stock is returned to the company.
20% of employees are performing below expected results. They now have just cause to fire 1/5 of the staff without any penalty, it is actually in their benefit to do so.
Bighead is the only one offered severance because they need to buy his silence.
Also... RIGBY...Richard is great, but y'know