SoylentNews is people
SoylentNews
Submission Preview
Kickstarter May Cut Up to 45 Percent of its Workforce
████ # This file was generated bot-o-matically! Edit at your own risk. ████
Kickstarter may cut up to 45 percent of its workforce [engadget.com]:
Kickstarter has discussed layoffs [engadget.com] as the COVID-19 pandemic ravages its crowdfunding business, and it now looks like those job cuts may be particularly severe. In a message to Gizmodo, the company has confirmed [gizmodo.com] plans to cut a large portion of its workforce after the OPEIU (the union representing Kickstarter employees [engadget.com]) said it had ratified a layoff agreement on May 1st. The union said layoffs could affect up to 45 percent of the workforce, according to a notice sent to Engadget, although Kickstarter disputes that number when it doesn’t factor in voluntary buyouts.
The terms could ensure a relatively soft landing for those who leave. The arrangement provides four months of severance pay and either six (for those earning $110,001 or less) or four (for those above $110,001) months of healthcare coverage. They’ll be free to work for competitors the moment they accept severance, and they’ll have “recall rights” to return to Kickstarter if a job similar to theirs opens up within the next year.
As with other tech industry layoffs [engadget.com] during the pandemic, this comes down to a matter of basic survival. It’s not clear when it’ll be safe for crowdfunding projects that depend on human-to-human interaction, and cuts like this may help Kickstarter endure that period of uncertainty.
In this article: kickstarter [engadget.com], crowdfunding [engadget.com], jobs [engadget.com], layoffs [engadget.com], internet [engadget.com], Covid-19 [engadget.com], coronavirus [engadget.com], kickstarter united [engadget.com], OPEIU [engadget.com], news [engadget.com], gear [engadget.com]All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.Comments102Shares
