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.
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? submitted by /u/sickntrd [link] [comments]
Original reporting — we curate and summarize for context
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