Thread regarding NetApp layoffs

Somehow along the way they decided to keep most of the RSUs for the managers and stop dolling them out to the worker bees. It all changed about a decade ago - used to be 80% would get stock, now it's 20%. We used to copy Microsoft with most things - 401k match, stack ranking, etc.. Google Microsoft stock and salary business insider. Microsoft is paying out annually in stock bonuses to most employees what NetApp provides over 4 years (or more) to the lucky 20%.

@1a5 Sadly, I've seen the "gotta spread the love around" mindset by management. When you ignore the prior patterns of equity awards, as soon as the top performer doesn't get equity where they've always gotten it, it's a pretty clear signal that to the employee that the company does not care about retaining them. That employee becomes a significantly higher flight risk.

@g5 RSU are supposed to be for retention. Typically your manager and their management chain look at how many you have and balance it out. So if you have enough for say 2 years, the thinking is you will be content and the person across from you has none. So they get them. Happens all the time.

Wow, $6.5m just to stay for two years. Wow.

@fn new CFO is not ex-MSFT (for a change), new CPO is ex-MSFT

So now we know the going rate for a GK sycophant.

$750,000 salary, 130% bonus target (MTS 5/6 ICP target is ~12%), $15M in RSUs over 3 years, and a $6.5M sign on bonus?

That's a fu-kton of comp for a company that's supposedly circling the drain given how they're justifying treating ICs now.

I have been here for 8 years. I received a great evaluation despite the new rules. What I consider my best rating at my time here and the first time that I did not receive any equity. Don't understand it at all. Anyone know why top performers are not given equity?

Paying new CFO is no problem.
The main question is will new CFO perform? I believe new CFO has worked at Microsoft like President Cesar?

Go Microsoft!!