Thread regarding Synopsys Inc. layoffs

@jv here is what metlife says :
Excluded services are those legal services that are not provided under the plan. No services, not even a
consultation, can be provided for the following matters:
Employment-related matters, including company or statutory benefits
Matters involving the company, MetLife and affiliates, and Plan Attorneys

@ed does metlife cover employment lawyer?

Hey all, if you were laid off and are seeing these thread, please consult an employment lawyer and have a quick conversation. They will usually answer questions and give you feedback if your severance and compensation is fair. Definitely don't walk away and sign off on the paperwork they give you. It can be a lot to process and feel a bit overwhelming on top of the stress of being laid off, but don't leave money on the table you'd otherwose be owed. If nothing comes of it, and the lawyer says your compensation was fair, at least you tried and learnt something new.

@bj

Mine was decent enough, or at least what I expected: 2 months remaining on the payroll with benefits, and then 2 weeks/year of service payout, and effectively 9 months' worth of COBRA premiums, job-hunting-assistance.

@a3 How did the rest of your severance look?

Well, if you're an Ansys employee, you are in luck - you should be eligible for accelerated vesting of RSU's

@a1

Thansk, yes, that seems to be the case (RSUs, not options), and also that my unvested RSUs just go away. That really doesn't seem right, since they were part of past compensation, but I guess I knew that (or should have).

@OP (I'm the OP).

I called Etrade and learned that the RSUs I have are not stock options which I guess was obvious. The bad news is that I think all the unvested RSUs I have at my official termination date (26 May) will simply disappear. I am disappointed they aren't vesting those early, since they were presented as part of my pay package over the last several years, but I will seek clarification from SNPS, to see if I missed anything

Do you have RSUs, or options? Usually only VP and up have options. If you only have RSUs this doesn't pertain to you.

This is talking about options. An option is a chance to buy a share at the strike price. Here is says you have 90 days to exercise the vested options, i.e. buy a share at that price.

Unless the agreement specifies an accelerated vesting schedule elsewhere, I would not expect anything (RSUs or options) to vest after your last day worked. But that's a guess. Read the docs very caefully and bring it to an employment lawyer if you need to. Or feed it to Claude.