alt Hacker NewsWith these kinds of offers, they don't expect to get rid of 60,000. They expect to get rid of Y,000.
They make the offer to 60,000 (typically, an entire department gets this offer, including people they want to keep). Some X,000 will take the offer. If Y,000 > X,000, they they lay off the difference.
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silisili • yesterday at 4:38 PM
This is what I was wondering, if they have some internal math that says "15% will probably take this offer" targeting a lower number like 10k. And if they overshoot, it's not like they'll have trouble refilling positions in this economy...
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fhn • yesterday at 5:35 PM
Including people they want to keep? What if all the people they wanted to keep accepted while those they didn't want to keep stayed? Certainly makes no sense.
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You can tell what proportion they want to take the offer by how generous the offer is. And indeed:
> The Redmond, Washington-based company is expecting a lower proportion to accept the voluntary exit offer because the employees included in the offer are younger and no additional incentive is given beyond standard severance for their length of service, the person familiar said. Typical take-up levels for buyouts in tech are between 3 per cent and 5 per cent, they added.
https://www.ft.com/content/2ef29406-f2f8-413f-81f6-5ae098c97...