Comment by boguscoder
9 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
9 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
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.
I always viewed them as future comp that was locked at a certain rate (in terms of number of shares per quarter). I got four years of unvested stock on day 1 when I joined a tech company, why on earth would I think I'm entitled to all that if I leave before it's vested?
If you see it as dangling future compensation in front of you then you wouldn't, obviously. But then why is it structured in that manner? What's the purpose?
If you view it as a signing bonus it makes perfect sense. They want to get you in the door but also don't want you to take advantage of them by quitting immediately. In that case you wouldn't be entitled to it if you left voluntarily or were fired for cause but being laid off is entirely their choice.
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