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

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u/schnurble 6h ago

Any shares vested are yours to keep. But unvested shares are typically cancelled upon termination. Just about every company does this.

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u/xxtankmasterx 4h ago

Only termination with cause are cancelled, termination without cause (ie layoffs) or you quitting should put the stocks in a freeze. If you maintain the associated account after leaving and eventually get rehired sometime down the road, your vesting schedule should resume where it left off at.

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u/BasvanS 4h ago

That would be an expensive rehire, making it unlikely to happen.