Comment by neilv
2 years ago
I'm not comfortable with a startup laying off people at all. Startup compensation is almost always structured with equity as a part.
And the details are usually crappy, like even a very early critical engineering hire offereed only 1% ISOs, vesting over 4+ years, and a 90-day window to exercise upon severing employment.
When the company structures terms like that, for people who you'd think the company would want aligned with the success of the company, a company that's enjoyed the work towards equity of employees should make layoffs a last resort, including after having the founders take the hit (e.g., trading some of their much larger equity for funds to retain their team).
No comments yet
Contribute on Hacker News ↗