Kickstarter Union Secures Severance Protections Amid Pending Layoffs
Kickstarter United negotiates an agreement that guarantees four months of severance and healthcare coverage for laid-off employees. The company currently offers voluntary buyouts to determine the final number of necessary job cuts.
Kickstarter United reaches an agreement with management that provides critical protections for workers facing impending layoffs. The crowdfunding company plans to reduce its workforce after experiencing a 35 percent decline in new projects, with CEO Aziz Hasan noting no clear signs of a rebound.
The negotiated deal guarantees four months of severance pay for all laid-off employees and releases them from any non-compete agreements. Additionally, the company maintains healthcare coverage for up to six months and grants recall rights for one year to affected staff members.
Before executing any forced layoffs, Kickstarter offers voluntary buyouts to both union and non-union employees to gauge how many positions need to be eliminated. A company spokesperson states that these measures are necessary to stabilize the business and ensure Kickstarter can continue its mission of bringing creative projects to life.