Laid Off Techies Being Placed At Non-Profits
from the interesting-program dept
Cisco has a program it offers some off the workers it has recently laid off. Instead of accepting the normal severance package, they can spend a year working at a non-profit, in exchange for approximately one-third their regular salary - but they keep their benefits and their stock option vesting. At the end of a year, they can try to get a job back at Cisco (if any are available). Of coures, the total payout is about the same whichever package they take, but for some, it's a worthwhile opportunity to spend some time working at a non-profit.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
No Subject Given
[ link to this | view in thread ]
Wow, a large company showing some originality!
Phillp.
[ link to this | view in thread ]