okay I don't get it.
How does this do anything for google?
They are basically paying a lot of these people as if they were still working there for 4 more months....
- We'll pay employees during the full notification period (minimum 60 days).
- We'll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.
- We'll pay 2022 bonuses and remaining vacation time.
- We'll be offering 6 months of healthcare, job placement services, and immigration support for those affected.
- Outside the US, we'll support employees in line with local practices.
By the time they no longer paying Economy may be up again and they just lost valuable employees they haven't been getting value from because they laid them off.