Flock Safety offers voluntary buyouts amid customer exits
Flock Safety has launched a voluntary separation program, offering what it calls its most generous severance packages to employees who elect to leave. The company expects a significant portion of its roughly 1,500 staff to seek these buyouts as it loses customers and faces scrutiny over its surveillance technology. Flock cites the program as a way to avoid layoffs. Severance includes cash payouts, extended health coverage, and more time to exercise stock options.
- Significant customer loss reported over privacy concerns
- Buyouts expected for most applicants
- Program includes extended benefits for departing employees
- Company faces rising costs from vandalized equipment
- Severance packages called company’s most generous ever
Sources covering this
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