Especially with Elon? It happened one time (twitter) and if you think twitter was appropriately staffed at 8k employees you need your head read. Cursor operates with a very small team, and practically all have equity, so a $60B exit means congrats are in order.
Wow. I wonder (genuinely) how such a mammoth payout will affect retention? I guess the option vesting will serve the purpose?
I guess if I found my already-vested shares were worth $4 million, I'd still be motivated to get the remaining $8M by working a couple more years. How surreal that would be, to find yourself extremely "FIRE" (Financially Independent, Retire Early) but also kind of obligated to yourself to keep working hard for a few more years, as walking away from that kind of money seems crazy.
Usually the grants are restructured. Ie instead of what was vested and unvested rank-and-file gets new 4 year grants. And then it works exactly the way you would expect: everyone works for 4 years and then leaves.
Especially with Elon? It happened one time (twitter) and if you think twitter was appropriately staffed at 8k employees you need your head read. Cursor operates with a very small team, and practically all have equity, so a $60B exit means congrats are in order.
And Tesla twice https://www.businessinsider.com/tesla-firing-solarcity-emplo..., and https://www.reuters.com/markets/deals/tesla-acquire-parts-in...
I'm not sure what these have to do? Tesla bought an insolvent German auto parts maker and kept all jobs it acquired. This is proof of what?
In staying on track, no I really don't think there will be mass layoffs at Cursor. They have ~300 employees total.
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And the United States Digital Service (USDS) aka the thing they renamed to DOGE.
Every single employee who joined prior to this year will make 8 figures+ off this exit.
Wow. I wonder (genuinely) how such a mammoth payout will affect retention? I guess the option vesting will serve the purpose?
I guess if I found my already-vested shares were worth $4 million, I'd still be motivated to get the remaining $8M by working a couple more years. How surreal that would be, to find yourself extremely "FIRE" (Financially Independent, Retire Early) but also kind of obligated to yourself to keep working hard for a few more years, as walking away from that kind of money seems crazy.
Usually the grants are restructured. Ie instead of what was vested and unvested rank-and-file gets new 4 year grants. And then it works exactly the way you would expect: everyone works for 4 years and then leaves.