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www.politico.eu Discord cuts 17% of workforce, joining growing list of tech companies downsizing to start 2024

Discord confirmed on Thursday that it's laying off 17% of its workforce, which equates to 170 employees, becoming the latest tech company to announce cuts.

Discord cuts 17% of workforce, joining growing list of tech companies downsizing to start 2024
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  • Reading through the CEO's statement, it seems like he's not just kicking 170 out;

    • Five months of salary (plus an additional week for every full year at Discord)
    • Five months of benefit continuation
    • Three months of outplacement services
    • Equity vesting of awards scheduled to vest on Feb. 1, 2024
    • Continued access to Modern Health through the end of 2024, and more

    Is this unusual? Seems like there is a 5mo opportunity to find new employment without having to work. I mean this sounds better than some of the other Silicon Valley douche bags. What am I missing?