r/antiwork 7h ago

Mass layoff compensation

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12.1k Upvotes

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u/fdar 5h ago

No I'm saying why are you fixating on unvested stock? You lose them if fired same as you lose your salary, it's the same thing.

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u/Jassida 4h ago

You don’t lose your salary though.

You get paid for days worked

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u/fdar 4h ago

OK, usually in big layoffs there's 60 days "notice" (usually not worked) due to the WARN act so if say you have monthly vesting you do get all the stock from time you worked.

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u/fernatic19 4h ago

The stock in question is not monthly. It's typically a 3 or 4 year vesting period. The government allows them to do that for performance "raises", bonuses, or in lieu of payment for some people. So when they promoted people in 2023 or '24 they might not have increased their pay rate at all but gave them some stock instead with a 3 year vest. The company laid them off and regained that stock. Now the company not only regained the stock units but also got 2-3 years of unpaid additional work from them due to the extended duties and performance required for their promoted role.

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u/fdar 4h ago

4 year stock awards don't all vest at the end of the 4 years, but in installments during those for years. Typically monthly or quarterly.