Curated and analyzed by the JobGoneToAI team. Original reporting by Reddit r/layoffs.
Block's Controversial Layoff Strategy: Using 'Opt Out Packages' to Evade WARN Notices
— Reddit r/layoffs
Key Takeaway
Block, formerly known as Square, is reportedly using 'opt out packages' to avoid WARN notices related to layoffs, indicating a trend in the tech industry to circumvent regulations and shareholder notifications. This raises concerns about transparency and the impact on employees.
From the Original Report
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Block layoffs
Block (fka square) is avoiding warn notices by giving “opt out packages”. Seems like a new thing in tech to try and evade warn notices and to not have to alert shareholders on their layoffs. Thoughts on this? Happening to anyone else in tech? Share
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This is an excerpt. Read the full article at Reddit r/layoffs.
Original Source
Read original reporting at Reddit r/layoffsJobGoneToAI curates, verifies, and adds original analysis to third-party reporting. We link to the original source so you can verify the facts yourself.
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