So after 30 years I got the email. I had unvested RSUs that would have been worth $15K at today’s price. The thing is they were given as incentive to stay with the company so if they are not going to let you stay they should vest. Just another final way to sc--w you on the way out the door. That money isn’t going to do Larry any good where he is headed.
4 replies (most recent on top)
You didn't lose anything because they haven't vested yet. That's clearly spelled out in the grant's agreement that comes with them.
- Layoff timing around vesting
Thread @OP+1kn4b96wr
"Oracle is also forfeiting on stock vesting so your job is cut just 1day-1w before your stock vests and you end up losing all the money."
- RSUs as part of layoff selection / compensation math
Thread @OP+1kn4n1mbd
"I think unvested RSUs played into this, not just salary."
- RSUs as personal financial fallback
Thread @OP+1kn498r17
"You don't have stocks that you can sell? From vested RSU?"
- Prior layoff behavior around RSUs
Thread @OP+1kn4b96wr
"We were retained until RSUs vested in mid-Sept."
$15k? Don't lose sleep over that. I lost $380k in the August RIF last year.
This sh-t is sick, the way you were treated specifically. I’m so sorry! THIS is why my GenZ a-s is so disgusted by these organizations. They’ve ripped up the social contract so there’s literally ZERO buy in for working hard for people like this. I took an offer at a smaller company and had it lined up for the last several weeks. I can’t take this level of anxiety for another year ahaha. That’s the future because the “protection” that these companies used to offer doesn’t exist. Like- “hey Larry! Man up and look your loyal people in the eyes if you stand by this!”