Kickstarter, the popular crowdfunding platform may be laying off almost half of its workforce as the COVID-19 pandemic ravages its business. In a recent message to Gizmodo, the company has confirmed plans to reduce a good portion of its workforce after the OPEIU said it had ratified a layoff agreement on May 1, 2020. The union said layoffs could affect up to 45 percent of the workforce.
The terms could ensure a relatively soft landing for those who leave. The arrangement provides four months of severance pay as well as either four or six months of healthcare coverage, depending on the employee’s salary. They’ll be free to work for competitors like Indiegogo the moment they accept severance, and they’ll also have recall rights to return to Kickstarter if a job similar to theirs opens up within the next year.
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