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A company only tries a hail-Mary pass when it is losing the game and running out of time - I'd say shorting their stock looks like a good idea at this stage...especially when you see the company has been doing a lot of share buybacks (which artificially and temporarily shore up the price)
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That sounds highly illegal to me. I'm sure more will come out of this. I know of people who were forced to train their H1B replacements - talk about awful. I would walk away.
"Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms, munching magic pills and listening to repetitive electronic music."
-- Marcus Brigstocke, British Comedian
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It's part of a severance agreement and, because this is a newspaper who just wants to stir things up and get page views, they don't provide the full story.
No employee needs to sign the agreement. They are being terminated and they are entitled to whatever severance package is required by law. No one can take that away from them. It may, however, be pitiful, especially in the States.
A severance package typically provides more compensation in exchange for something above and beyond what the law requires. At this point the bank is offering to pay employees more if they agree to provide more services. No one is being forced to do anything.
Now: take the rose coloured glasses off and you'll probably find that the bank will pay the absolute minimum to those who don't agree. Maybe a couple of weeks pay. Further, maybe what the bank is offering as a top-up is minimal and not worth it. Maybe it's generous. Who knows. I'm guessing it's probably not overly generous.
And then there's the issue of fairness. A contract isn't enforceable if it's simply ridiculous. You can't offer someone $5K extra and then have them come in 3 days a week for 2 years to help transition. Any court in the land would throw that out, and it would be up to the bank to sue someone for not turning up to work. Sure - they may resort to scare tactics - but doing so would invite counter-suits and I think there are one or two spare lawyers in the US who would love to step in and fight that one pro-bono.
All in all it's a story about arrogance and stupidity, not about people being tied to a rock.
cheers
Chris Maunder
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No Pay? No Cure
Bastard Programmer from Hell
If you can't read my code, try converting it here[^]
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"Ok, log into the main account database server, and in the shell type sudo rm -rf hit enter and go get a coffee because this will take a while."
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, waging all things in the balance of reason?
Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful?
--Zachris Topelius
Training a telescope on one’s own belly button will only reveal lint. You like that? You go right on staring at it. I prefer looking at galaxies.
-- Sarah Hoyt
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Anyone wishing to return to the Apple homepage of 1998, or the New York Times of the early 2000s, can simply plug their desired URL into the Wayback Machine, and it takes care of the rest. "Where are we going today, Mr. Peabody?"
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At the DevOps Summit in San Francisco this past week, the message was a resounding one: DevOps is just getting started in the enterprise. Jim Ensell, Chief Marketing Officer of Electric Cloud, said that enterprises are still struggling just to get to a point where DevOps is an option across many projects. Dos Equis man: I don't always test my code, but when I do, I do it in production.
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Developer performance and how it impacts the industry is a big deal – so much so that Jacob Kaplan-Moss made an attempt to tackle it during his PyCon 2015 keynote. Calling himself a mediocre programmer, he confronts the programming talent myth. "But if hurtin' is a talent then I know that I've been blessed"
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An article about "skill vs. real programmer" from the creator of the Python web framework Django?
Marc
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Has the shine worn off NoSQL? Hardly. The NoSQL document database MongoDB in particular continues a meteoric rise in popularity. And SQL is still the one that does all the homework
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Xamarin has announced its acquisition of RoboVM, a momentous step for both companies which means C# and Java developers need only look to a single development solution for native deployment across each of the major platforms. Hey! You got angle brackets in my angle brackets!
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Naming conventions will become a mess ^^
I never finish anyth
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Looks like the Microsoft/Xamarin marriage is on the rocks.
/ravi
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Why do you conclude that? RoboVM is for Java on Android & iOS.
Decrease the belief in God, and you increase the numbers of those who wish to play at being God by being “society’s supervisors,” who deny the existence of divine standards, but are very serious about imposing their own standards on society.-Neal A. Maxwell
You must accept 1 of 2 basic premises: Either we are alone in the universe or we are not alone. Either way, the implications are staggering!-Wernher von Braun
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It's possible that Xamarin is thinking the C# route is not the one forward (due to lack of partner support from Microsoft). This is just a hunch and not based on anything I've heard.
/ravi
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mehbe. Or they're just targeting another xplatform.
Decrease the belief in God, and you increase the numbers of those who wish to play at being God by being “society’s supervisors,” who deny the existence of divine standards, but are very serious about imposing their own standards on society.-Neal A. Maxwell
You must accept 1 of 2 basic premises: Either we are alone in the universe or we are not alone. Either way, the implications are staggering!-Wernher von Braun
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BlackBerry's been drip-feeding data about its first Android phone for the last few weeks, but it looks as if someone's spilled the rest of the beans a little bit early. An eagle-eyed member of the Crackberry forums found a page on the firm's website that shared the spec list and price for the US and Canadian version of the device. If accurate, then we know that the Priv is packing a fair bit of power beneath the hood, but has a listed price of $749. There's no indication if that figure is for the US or Canada -- but the page does reference the (GSM) handset not working on American CDMA networks like Verizon and Sprint. You'll also spot that the device is marked for release on November 16th, so we won't have long to find out if all of this is true or not.
Blackberry is like the energizer bunny, it won't die!
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Today, we’re really excited to announce the 0xDBE 1.0 Preview, a nearly-finished version of our database IDE. Please give it a try and share your impressions to help us polish it before release to market. Shouldn't that be 0xDBA?
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Depends on whether you want to say Admin or Environment.
But, databases, bleagh
Decrease the belief in God, and you increase the numbers of those who wish to play at being God by being “society’s supervisors,” who deny the existence of divine standards, but are very serious about imposing their own standards on society.-Neal A. Maxwell
You must accept 1 of 2 basic premises: Either we are alone in the universe or we are not alone. Either way, the implications are staggering!-Wernher von Braun
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Windows 10 and the Universal Windows Platform are creating exciting new opportunities for developers. In this special issue of MSDN Magazine, learn how to write apps that can run on any modern, Windows-enabled client, from the smallest Internet of Things device to the largest Surface Hub room-based display, and to every phone, tablet and PC in between. Everything you didn't know you wanted to know about Windows 10 development (non-dead tree format)
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MSDN Magazine - Special Windows 10 issues
Patrice
“Everything should be made as simple as possible, but no simpler.” Albert Einstein
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According to a trusted source, Microsoft will release the “Threshold 2” (TH2) release of Windows 10 in November as the Windows 10 Fall Update. And unlike the post-RTM Windows Insider builds we’ve been getting, the Fall Update will ship as a cumulative update, not as a full build. For those waiting for SP1
Edit: fixed my fumble-paste
modified 21-Oct-15 18:05pm.
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Wrong excerpt?
The sh*t I complain about
It's like there ain't a cloud in the sky and it's raining out - Eminem
~! Firewall !~
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