Flock Safety's Buyout Gamble: Surveillance Giant Shrinks Amid Customer Exodus and Camera Vandalism
The company said the package includes several months of health care and stock-option access as contract cancellations and vandalism pressure revenue.
9 Articles
9 Articles
The surveillance technology company faces growing opposition to the use of its cameras and license plate readers.
Flock Safety's Buyout Gamble: Surveillance Giant Shrinks Amid Customer Exodus and Camera Vandalism
Flock Safety, facing dozens of canceled contracts and vandalism of its license plate cameras, launched a generous voluntary buyout program for its 1,500 employees to avoid layoffs. The move reflects mounting backlash over privacy and police misuse as more cities abandon the technology.
Beleaguered Flock Safety Offers All 1,500 Employees ‘Most Generous’ Buyout Ever—Healthcare and Stock Options Included
As more cities and towns pull the plug on Flock’s license plate-reading cameras, the $8 billion startup is offering golden handshakes that may amount to tens of thousands of dollars. The deadline is October 2.
Flock Safety Offers Voluntary Buyouts as Privacy Backlash Pressures Business
Flock Safety is offering voluntary severance packages to employees as the surveillance technology company faces growing criticism of its license plate recognition network and loses government customers. The company reportedly expects significant interest from its roughly 1,500 employees and plans to approve departures for a majority of those who apply. According to Wired, Flock described […]
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