The chance of winning is 90%, and you can find a lawyer who will take the case for 10–25% of the RSUs. It is well established that laying off employees before RSUs vesting in 6 months is illegal, not to mention immoral.
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@f0 I was as well, I suspect it was due to the large number of M4 and above that were looking for early retirement. Gave them a little golden parachute on the way out, the rest of us rode those coat tails. Seems employees this go around weren't so lucky.
@bw TBH, I am still amazed by that generosity.
Lmao. Unvested RSUs are called "unvested" for a reason. If you aren't employed by the company on the vesting date of those shares, then you ain't getting them. Those are the rules that you agreed to. Companies do not prioritize morality, they prioritize profit.
@bw They are in a much worse financial situation.
Employees let go last August were left on the payroll long enough to receive their September RSU vest - about 6 weeks total. Unclear why they didn't do something similar the time around.
@OP in Canada or Europe you would be successful
Not in the US
OP, Where do you get you 90% chance of winning and exactly which laws are being broken? You would need to be able to prove that the reason they fired you is specifically to prevent you from receiving the RSUs. There are so many other reasons that they can be firing you and the RSUs are just incidental. Having unvested RSUs isn't an insurance policy that gets you out of layoffs.
If I had enough savings, I would sue not only Oracle but many other companies who do the same thing. However, due to the economy and yesterdays FAKE job growth report (of 178000 jobs added) by the TACO administration and ongoing war causing gas prices to go up and inflation and perhaps a recession, I'm going to need the severance money to survive for 6 months to a year (to find another job if even possible with AI ramping up). Therefore, I will have no choice but to sign the papers regarding not to sue Oracle. But that doesn't mean that Oracle and many other corporations play these games to make employees work harder and long hours and giving us RSUs that are worthless at the end of the day due to layoffs. This is morally wrong and these greedy top leadership and board of directors know that. But without hundreds of us signing up to sue them, these corporations will continuously get away with this. And even if we were to win the case, the practice would still continue because it would only be a few hundred million the company would have to payout. They can earn that money back withing a quarter. The risk is all on our side as former employees. If we sue and don't win, we lose our severance and if we win, they still continue the same practice as though nothing ever happened. The rich will always get richer and middle class will begin to get poorer due to AI taking over jobs. We don't need a monthly fake job report (of the fake +178K jobs added) to tell us how the economy is doing. We see it all around us. If there was no severance or cobra or unemployment or whatever other benefits after layoff, I think every person who was laid off would gather together and sue. But unfortunately, we all depend on our severance to survive until the next job. Thank you my friend for the suggestion.
LMFAO about the immoral part.