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Chitchat 50 year old Sinkie was leetrenched

many middle-agers and boomers in sillycon valley can’t wait to get their severance packages in company-wide layoffs. after working for 30 years severance can mean full pay without work for 6 to 9 months plus health and insurance benefits. best is vesting all stock options and cashing out at 6 to 9 times when shares were issued since 30 years ago. easily at 50 a sillycon valley tech worker can amass at least us$6.9m in total gross value. after tax it’s around us$3.69m. in sg at 50 you die your biz.
 
Who he voted for,lol, Yr masters enriched themselves ,lol, one even like busy building a palace,lol
 
eatshitndie said:
many middle-agers and boomers in sillycon valley can’t wait to get their severance packages in company-wide layoffs. after working for 30 years severance can mean full pay without work for 6 to 9 months plus health and insurance benefits. best is vesting all stock options and cashing out at 6 to 9 times when shares were issued since 30 years ago. easily at 50 a sillycon valley tech worker can amass at least us$6.9m in total gross value. after tax it’s around us$3.69m. in sg at 50 you die your biz.
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Murika has law to make sure the package is 1month per year
 
there is still a good deal of hirings but the remuneration packages are 1/3 lower for the same job scope. Even healthy Singapore companies that are currently making tonnes of profits are “restructuring” - trying to replace higher-cost employees with cheaper new hires.
 
k1976 said:
Murika has law to make sure the package is 1month per year
Click to expand...
2 weeks per year is the norm with a cap at 30 to 40 weeks. for some sexecutives severance can be up to a year or 52 weeks. for some ceo’s can get 69 weeks and $69m in bonus and stock.
 
Chase said:
there is still a good deal of hirings but the remuneration packages are 1/3 lower for the same job scope. Even healthy Singapore companies that are currently making tonnes of profits are “restructuring” - trying to replace higher-cost employees with cheaper new hires.
Click to expand...
Dr Tan See Leng used to lay off older employees at Parkway annually when he was CEO even though the company was doing extremely well. How can a company that operates Mount Elizabeth Orchard, Mount Elizabeth Novena, Gleneagles and Parkway East Hospitals be in a position that it needs to do regular retrenchments in order to survive?
 
eatshitndie said:
many middle-agers and boomers in sillycon valley can’t wait to get their severance packages in company-wide layoffs. after working for 30 years severance can mean full pay without work for 6 to 9 months plus health and insurance benefits. best is vesting all stock options and cashing out at 6 to 9 times when shares were issued since 30 years ago. easily at 50 a sillycon valley tech worker can amass at least us$6.9m in total gross value. after tax it’s around us$3.69m. in sg at 50 you die your biz.
Click to expand...
In S'pore, most employers will only hand out a severance pay equivalent to the affected staff's notice period.
 
Pinkieslut said:
Click to expand...


he is very lucky few who can help government do advertisements, majority of the leetrenched take all these skills paper qualifications oso cannot secure a full time job ... sounds too good to be true? its most likely so ..... :frown:
 
WangChuk said:
he is very lucky few who can help government do advertisements, majority of the leetrenched take all these skills paper qualifications oso cannot secure a full time job ... sounds too good to be true? its most likely so ..... :frown:
Click to expand...
Based on feedback from my former colleagues who were retrenched, SkillsFuture only prepared them for a future of underemployment or continued unemployment.
 
leetrenchment is ok if the leetrenchist is replaced by true blue sinkie but that is not the usual case
 
Pre-election party political paid broadcast by a PAP dog….
 
ftan42 said:
leetrenchment is ok if the leetrenchist is replaced by true blue sinkie but that is not the usual case
Click to expand...
There are many CECAs paying an arm and a leg in rental at my condo development. Their numbers are growing and their behaviour becoming more belligerent at the common areas like the swimming pool, gym, tennis courts, BBQ pits, study room etc.
 
Those who are vaccinated better don’t rest at home and then died suddenly. Show to the big brother AI system that he or she isn’t an useless eater
 
Best example is to becum PAP minister eg get stroke due to stress but still get $m job chobolan in PMO
 
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