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Carta (from the article) posted the benefits for employees who got laid off. They're pretty amazing relative to others. https://medium.com/@henrysward/cartas-covid-19-layoff-cbb80e...

discuss

alteria|5 years ago

Having been through several rounds of layoffs, Henry's letter/statement seems incredibly humane and thoughtful given the circumstances.

adrr|5 years ago

3 months severance is California law and part of the CA-Warn act. Nice they covered cobra till the end of the year.

VintageLight|5 years ago

The WARN Act is not severance! It requires that the company notify employees 60 days in advance of a mass layoff. They don't have to specifically notify the individuals being laid off.

There is no requirement for severance in California!

jtrider|5 years ago

I didn't know this existed. However it seems California’s Governor, Gavin Newsom, has issued an Executive Order to suspend the state’s WARN Act until the end of the COVID-19 emergency.

wtvanhest|5 years ago

I didn't see anything about stock options in the announcement. Is it in there and I missed it?

ralph84|5 years ago

> Third, if you have been with us for less than one year, we have removed your cliff and extended your PTE to 1 year from today. You joined Carta to create owners and to become one. Everyone affected today will be an owner of Carta.

PTE = Post-termination Exercise