This $3.5 billion company is paying employees to socialise after 3pm

Posted on:
Key Points

The $3.5 billion California company started the programme in April last year...

A US-based company is paying its employees to hangout with each other after 3pm..

The plan is called 3-3-3 perk and has been introduced by cloud-based security firm Verkada..

As per the programme, three or more employees go out for food and drinks after 3 pm at the company's expense and each employee is allowed to spend $30..

These kind of interactions are important for a company like this so that it stays competitive in the industry at a time when their rivals are tech companies that are worth $100 billion, he added..

You might be interested in

Byju’s begins another round of layoffs; to impact 500-1,000 employees

19, Jun, 23

The fresh set of layoffs is expected to impact employees across marketing, sales, business development as well as product and technology functions. It also includes teams at its coding subsidiary, Whitehat Jr., sources added.

Meta to cut 10,000 jobs, close about 5,000 open roles in efficiency push

15, Mar, 23

The Facebook parent company has been marketing 2023 as a year of efficiency in an effort to improve its financial performance and achieve longerterm goals