Thread regarding Intel Corp. layoffs

Reward stock for ISPed

I thought they said we would get the stocks for our 5% pay cut if we were laid off. A bunch of people complained and I thought they changed it to give the shares but my trade account says zero vesting.

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| 1231 views | | 9 replies (last December 4, 2024) | Reply
Post ID: @OP+1vHdEVx4

9 replies (most recent on top)

I have not seen anything yet - In Etrade nor bank! Did Pat run away with our money? JK

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Post ID: @7jux+1vHdEVx4

Anyone seen this yet?

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Post ID: @6mbh+1vHdEVx4

It is will be calculated at market close on Tuesday 12/3, and then paid out as cash rather than as a stock transaction.

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Post ID: @2wrs+1vHdEVx4

This question may explain partly why you were ISP’d. This was explained on calls and the FAQ.

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Post ID: @1nqy+1vHdEVx4

Thank you for your sacrifice, worker #1542515.

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Post ID: @1lhe+1vHdEVx4

@ldf+1vHdEVx4 Thank you

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Post ID: @1his+1vHdEVx4

I want cash equivalent, for my sacrifice.

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Post ID: @1xaa+1vHdEVx4

december

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Post ID: @1nil+1vHdEVx4

I'm pretty sure it was stated somewhere in the FAQs that you'll be given cash equivalent of the grant at vesting date, not stock itself.

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Post ID: @ldf+1vHdEVx4

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