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Comment by absolutewinner

8 hours ago

The other thing is that the laid off employees will lose all their unvested RSUs. These shares were granted as compensation for past performance but they can now be conveniently clawed back by the company just because they decide to lay you off. Stock can be a large part of someone's compensation in a tech company. Companies shouldn't be allowed to benefit this way if they decide to lay off employees.

4 comments

absolutewinner

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boguscoder  7 hours ago

Alas this happens in all FAANG layoffs too, some lucky people get to received one more vest but nothing close to all unvested RSUs

  • fc417fc802  5 hours ago

    How is that legal? I thought the entire point of delayed vesting was to disincentivize jumping ship. If they're the ones throwing you overboard clawing back RSUs seems like a roundabout form of wage theft.