What unexpected thing do both President Donald Trump and Google have in common? They both offered “buyouts” to current employees for the same reasons—to cut headcount and strengthen company and agency mission alignments.
Trump’s “Fork” memo offered federal employees the chance to resign between January 28 and midnight, February 6 (with an extension added by court order until February 10), in exchange for being paid until September 30, without working. People who took the offer would also accrue benefits in addition to their paychecks—even if they took another job.
Google made an offer to 25,000 employees that they would receive severance in exchange for a voluntary resignation. While Google didn’t release details on these severance packages, they will have to be sufficiently generous to get people to take them.
Offering buyouts in lieu of layoffs is pretty standard in companies. I have run voluntary buyout programs before. That’s not a surprising thing. However, Trump and Google have the same reasoning.
To keep reading, click here: Why Trump and Google Are Paying Employees to Quit—And What It Means for Your Business
