r/technology • u/DontFearTheCreaper • 20h ago

Social Media Tech CEOs who grinned behind Trump at inauguration lose billions in wake of tariffs

https://www.independent.co.uk/news/world/americas/us-politics/trump-tariff-bezos-musk-zuckerberg-b2727147.html
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u/rambouhh 20h ago

Layoffs typically hurt liquidity in the short run because of the severance packages, paying out vacation, etc it does not help. 

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u/goomyman 19h ago

That’s what unlimited vacation is for.

You see we claim unlimited vacation - but you don’t really get anymore than before because it’s “unlimited approved” vacation.

Now you can layoff without paying off vacation.

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u/AnAnxiousCorgi 19h ago

This happened at a job I worked at. Teammate had a few weeks of vacation saved up, and the company announced they were moving to an "unlimited" policy, he requested they pay out the vacation then and they basically said "But you get unlimited time off now!" He got screwed and wound up leaving. Win-win for the company. Fucking scumbags.

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u/lolwutpear 19h ago edited 15h ago

he requested they pay out the vacation then and they basically ...

Reminder: accrued vested benefits are protected by state law. It is not too late to call HR and remind them, or to call a labor attorney and let them remind HR.

Furthermore, there are penalties owed to you and the state if they didn't pay out accrued benefits at the time of termination. If the company is solvent, there's a big pot of money available to him if he wants it.

https://www.dir.ca.gov/dlse/faq_vacation.htm

See section 10 for information about how to file a claim.

Edit: Vacation is a vested benefit which is a special type of accrued benefit (which could also include sick days, etc.). PTO that lumps vacation and sick together falls into the better, vested category.

(forgot which subreddit I'm on - I saw "unlimited vacation" and assumed a California tech company, but other states probably have similar protections)