April 3, 2020
Responding to the coronavirus pandemic, the Oklahoma based ImageNet consulting asked top executives to forgo their pay and capping all salaries at $75,000 (€69,450). Other lower paid employees didn’t fare so well…
The company employees were also being asked to sign over the value of their government support to the company and negating the benefits of the government support. In the employee agreement the company also wanted employees to forgo 50% of any government support any of their dependents might receive. If your pay drops below zero with this deal, the company will let you split the repayment over two weeks…
Oklahoma based “The Lost Ogle” news website ran the story and Patrick, the writer said of the ImageNet actions as “I don’t know about you, but that’s pretty badass in a shitty, corporate-asshole type of way!”
The story was picked up online including the “Albino Terrorist” blog on the Daily Kos website who took issue with “the company that does over $100,000,000.00 (€93,000,000.00) year in business, so one would assume that they have the resources to weather this storm, PARTICULARLY since their business falls into the category of “essential”, and work from home would make their services even MORE demand.”
ImageNet did an about turn on Monday and issued a statement rescinding the potential programme and apologised for any pain or confusion it caused.
The Lost Ogle ran the about turn update on the story and gave the company a pat on the back for reversing their decision, but commented “It’s good the ImageNet had a change of heart and everything, but you have to admit it’s still very disturbing that they thought this was a good idea. There are lots of other less controversial ways for wealthy business owners to screw over employees. The fact that they went this controversial route really makes me question the decision-making of the company’s leadership.”
US Government support comes in the form of a one-time stimulus payment of up to $1,200 (€1,111) for nearly all Americans that is part of the $2.2 trillion (€2.03 trillion) economic rescue package that President Donald Trump signed on Friday, 27 March.
Categories : World Focus