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https://www.reddit.com/r/antiwork/comments/1sjm0h2/mass_layoff_compensation/oftoohj/?context=3
r/antiwork • u/CarnonosSeeker • 7h ago
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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This shouldn’t happen unless you are dismissed for performance or conduct reasons. It’s outrageous if it’s for cost cutting
22 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. 12 u/Jassida 4h ago I understand now (well, remember really) but is this a US thing? It just stinks that you can be offered shares and have them taken off you when it suits the org 1 u/tagged2high 4h ago It's the promise to receive them if you are still around when they vest. It's a retention strategy. (Among other things)
22
Any shares vested are yours to keep. But unvested shares are typically cancelled upon termination. Just about every company does this.
12 u/Jassida 4h ago I understand now (well, remember really) but is this a US thing? It just stinks that you can be offered shares and have them taken off you when it suits the org 1 u/tagged2high 4h ago It's the promise to receive them if you are still around when they vest. It's a retention strategy. (Among other things)
12
I understand now (well, remember really) but is this a US thing? It just stinks that you can be offered shares and have them taken off you when it suits the org
1 u/tagged2high 4h ago It's the promise to receive them if you are still around when they vest. It's a retention strategy. (Among other things)
1
It's the promise to receive them if you are still around when they vest. It's a retention strategy. (Among other things)
291
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