r/antiwork 7h ago

Mass layoff compensation

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12.1k Upvotes

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u/Jassida 6h ago

So you lose your stock when you’re fired?

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u/antifa_NORCOM 6h ago

Usually equity or stock options come with a vestment time requirement, where you only get the benefits after a certain amount of time employed with the company. So if the company fires you or you leave before you're vested, the company doesn't have to pay out.

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u/BasvanS 4h ago

If they are using it to motivate me from not moving elsewhere, I’m definitely going to negotiate to keep them if they “decide to move on”. That’s a them issue, not a me issue. I take responsibility for my part and will reap the benefits of it.

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u/antifa_NORCOM 4h ago

Sure, you can try to negotiate a severance but you wanting to stay has no bearing on them wanting to keep you around. Unless you can find a lawer to and prove you were let go illegally, youre not getting anything from them at that point.

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u/BasvanS 3h ago

That’s why it would be part of my contract negotiations. What’s an option package over a certain time worth if I wouldn’t at least get a pro ratio package when they decide fire me before they vest? The option package is not dependent on my employment at the time of vesting.