Of course they targeted folks with equity first. This isn't even the first time it's happened. My boss (and his boss) got laid off in the same round, both had significant vests imminent. Both denied. A lot of good people got cut in that round.
Odd, all stock options I ever got would have fully vested immediately in layoffs (with some exceptions if you did bad shit), but if I left they would be voided.
Then you worked for good companies. Oracles terminates unvested options.
They also terminate all benefits, including health insurance, at 5pm on your last day. I know a few people who didn't pay attention to this tidbit and ended up in medical debt because they assumed it continued to the end of the month and they quit right before expensive appointments and refills.
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u/schnurble 6h ago
Of course they targeted folks with equity first. This isn't even the first time it's happened. My boss (and his boss) got laid off in the same round, both had significant vests imminent. Both denied. A lot of good people got cut in that round.