Flock Offers Employees Buyouts as Customers Flee
Surveillance technology company Flock is offering voluntary buyouts to employees as it faces declining customer contracts and public backlash. The company is struggling with privacy concerns and vandalism of its license plate reader network.
Why it matters
The situation illustrates the growing public and legal scrutiny surrounding private surveillance networks and the financial instability of high-valuation startups.
Applications for Flock’s voluntary severance program opened Friday, and employees have until October 2 to decide whether to leave the company. Flock expects to grant buyouts to the majority of workers who apply, according to the email. People familiar with the program but not authorized to discuss it publicly say they believe that a significant number of the startup’s roughly 1,500 employees may try to depart.
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