We're talking about a 1-2 working day delay, depending on recipient bank. You wouldn't bat an eyelid if it weren't already in the news, I've certainly had pay delayed or incorrect longer, for non-big-news reasons.
The title is perhaps yes strictly speaking accurate, but it's still clickbait, it deliberately implies trouble pouring on an already flaming fire, when actually this sounds like an extremely minor symptom - some ash in the hair of the stoker.
It’s overblown but pretty relevant news. SVB is the cause, and there could be more before it blows over. 1-2 business day delay for highly paid salaried workers usually isn’t a big deal but it can really turn the screws on lower paid hourly staff like their warehouse workers. They are getting mailed checks, and may then have check clearing delays. They could end up with missed payment fees, overage fees, credit card advance fees, or payday loan fees just trying to feed their family over the weekend. Payroll is always serious. SVB’s mismanagement has real consequences for real people, and reporting those is worthwhile.
All that said, Rippling is doing everything they reasonably can and I’m sure they’ll make their workers whole.
The title is perhaps yes strictly speaking accurate, but it's still clickbait, it deliberately implies trouble pouring on an already flaming fire, when actually this sounds like an extremely minor symptom - some ash in the hair of the stoker.