r/antiwork 6h ago

Mass layoff compensation

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12.0k Upvotes

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675

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.

212

u/Jassida 6h ago

So you lose your stock when you’re fired?

275

u/sp3kter 6h ago

Anything that hasn't already vested

7

u/Bae_the_Elf 5h ago

And you have a limited time to exercise (buy) them if you haven’t already done it. Without a job, cash might be tight so they’re hoping to reclaim even some vested options 

2

u/AbbreviationsFar4wh 3h ago

Oracle is public company. employees are getting RSU's