Thread regarding TransUnion layoffs

Stocks, Ethics and MAFIA

Transunion gave promotions and shares as token of appreciation. Now took away unvested. Transunion impacted their current lives negatively and future as well by taking shares away given for commitment and hardwork.

Will taking away the allocated shares be not unethical, morally wrong? Transunion should remove the mandatory ethical training from their list or ask all managers, directors, SD, VP, SVP, EVP, CXO's to take ethical training everyday till they learn ethics. There is nothing ethical in giving and then taking away. Perfect MAFIA like behavior.

by Anonymous
| 1452 views | | 5 replies (last December 11, 2023) | Reply
Post ID: @OP+1q0D1Gyd
Comment! It's anonymous!

5 replies (most recent on top)

Post from TheLayoff.com

This is not about 401K. This is about RSUs (restricted stock units).

by Anonymous
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Post ID: @1nan+1q0D1Gyd

Can someone please explain what part of the retirement is subject to a vesting schedule? I read the ML docs and am still confused. I believe it's every dollar of employee contributions and the employer match vests 100% at time of contribution but their documents also say there's a vesting schedule. Of what? Is there another contribution type?

by Anonymous
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Post ID: @krf+1q0D1Gyd

“ Grow up. What do you think vesting periods relate to?”

Most companies recognize that if you get laid off through no fault of your own that your unvested shares immediately vest. RSUs are long term incentives to prevent you from leaving. But if the company forces you out that’s not your fault and they usually allow your shares to vest. That’s been the norm at every company I’ve been at other than TU.

by Anonymous
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Post ID: @zby+1q0D1Gyd

Grow up. What do you think vesting periods relate to?

by Anonymous
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Post ID: @efq+1q0D1Gyd

It pi---d me off that the unvested stock is forfeited during a RIF. That’s not how most companies operate.

by Anonymous
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Post ID: @pkh+1q0D1Gyd

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