Silicon Valley Bank paid out bonuses hours before seizure
Bonuses are often calculated months in advance, and employees are also normally told about them weeks or more before they are paid (they're often even in contracts).<p>Despite the guy on Twitter calling the SVB issues in January, and arguably long term mismanagement that led to the downfall, the actual issues happened rapidly, over a matter of days.<p>These just didn't happen on the same time scale, and bonuses can't be undone in a matter of days with employees expecting them and even contracts demanding them.<p>There's a lot of reasonable takes on this whole terrible situation, but implying or suggesting that the bonus payouts were part of it or that employees are to blame for taking them is a terrible take.