Tesla Severance Controversy: What Employees Really Get After Layoffs
by AutoExpert | 29 April, 2024
Here's what we found out:
- Two Months and You're Out: Doesn't matter if you worked there for a year or five, everyone gets the same measly payout. Basically, they get paid till mid-June and that's it. Oof.
- Stock Options? Kinda. They get a bit of time to use those, but gotta pay for 'em themselves.
- Health Insurance? LOL, No. They DO get COBRA for two months, but guess who's paying that bill...
- Shut Up and Take the Money. Wanna complain about how this sucks? Too bad, the severance deal comes with a gag order. Can't sue, can't badmouth Tesla... standard corporate BS, but still.
The only good thing? This BARELY avoids getting them sued for breaking labor laws. That 60-day warning requirement? They skirted it by a hair.
Of course, Tesla had the nerve to screw this up at first, sending out the wrong info (even Elon had to apologize, that's how bad it was).
Bottom line: this is why you need unions, folks. Getting the same payout whether you're a newbie or a long-timer is some serious bull. Corporations gonna corporate, as usual.
