Does that make us all safe from future layoffs? I mean they would not give us stock in the company if they were going to lay people off, right???
7 replies (most recent on top)
well they are not going to give them to the employees that already have a competitive salary. If you are underpaid youre morel likely to have them throw you a paper bone to naw on until they decide they don't need you. Wish a cash raise, they are actually losing money on you, with stock options, you got to stick around for them to vest and they know some won't. So many will get the stock options, but its a c-ap shoot as to how much of that you will ever get, especially if you leave, get laid off or the stock falls.
I'd rather a cash raise once a year than some paper promises, what happens if the stock tanks?
Good point. I'd give them out to the underpaid employees that are still necessary atm. But then later on they could also be the one that get RIF'd.
Look at it like this. If a person doesnt like you but needs you to get something done they either.
A. Ask you to do what they want you to do while blatently showing there distaste for you.
B. Ask you to do what they want you to do while acting like they don't want to replace you with someone cheaper offshore.
It's always easy to show the truth. With option B the acting and lies takes thought and energy. I stay comfortable knowing the company will not get lazy and be honest. The day the butterfly's and rainbow dissapear showing the true turd's at the top is the day this door closes and its time to move on.
Place yourself in a vp's shoes. You got some stock options to give out. Who do you give them to? People you can't afford to lose, that's who. It was an attempt to keep the people they needed from jumping ship of their own accord.
Since a lot of you are unsophisticated, you thought stock options were really specially, and made you feel special. If you do the math you'll see they don't amount to much, and there's a huge oppurtunity cost in waiting for them to vest. And when they do vest, what do you get? It's a gamble. Would you be better off somewhere else? Maybe, maybe not.
Recognize it for what it was though. A bid to keep people around.
You can still get laid off, even if you have stock options. It means nothing wrt to who gets laid off, except that if you hang around long enough and they are fully vested, they are yours to cash in when you want.
LOL. Just keep drinking the koolaid.
No one is safe.
They may have given you those paper incentives to keep you motivated after they gave you a 1% or no raise. Then when they are done with you and whatever you group does they lay you off and poof, stock options, if not 100% vested are gone.
Think. When you get anything that is NOT cash, it is all make believe until you can actually cash it in.
Better to get an actual cash raise that stock option that take years to vest.