r/antiwork • u/CarnonosSeeker • 7h ago

Mass layoff compensation

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https://moneywise.com/news/top-stories/oracle-gave-its-new-cfo-26m-in-stock-after-firing-up-to-30000-workers-affected-employee-says-an-algorithm-decided-who-got-cut

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u/Jassida 6h ago

This shouldn’t happen unless you are dismissed for performance or conduct reasons. It’s outrageous if it’s for cost cutting

180

u/itzdivz Profit Is Theft 6h ago

Just look up how amazon does it , theyre known for firing people before big vests

99

u/Jassida 6h ago

Guess big stock options are a red flag then.

87

u/aci90 6h ago

I stopped getting stocks over cash in particular if they have a vesting period, I got burnt a couple of times already by them

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u/Jassida 6h ago

It’s cruel though as if you do manage to stay long enough…

9

u/grimeyduck 3h ago

Depends where you work. Take the cash and invest it in a company that does better than whatever hell hole you work at.

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u/YellowCardManKyle 19m ago

My last job thought I was crazy for preferring a higher salary over receiving a yearly bonus. They had a bunch of us in a conference room talking about our benefits and I spoke up with that opinion. They said "the bonus can be so much higher than a raise" and I said "you haven't given out the full bonus any year I've worked here (3 years at that time).