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Corporations are never your friends or in your corner.
Always have a backup plan, because they’ll cut you loose with nothing at a moments notice.
Louder for the gamers in the back: Corporations were never your friends, and they never had your interests in mind nor the interests of the people who actually made your game great.
Some corporations are less worse than others, but they are the exception, not the rule.
Some corporations are less worse than others, but they are the exception, not the rule.
Truth.
The unvested shares portion is absolute bullshit.
"Yeah. That was one of your benefits. We’re just going to take that back now.
We need a law that says if you’re laid off. Your shares vest immediately.
ETA: and a proportional amount of shares removed from each c level executive.
I’m tried to stock options being flashed as a big bonus turn they screw people out of them. It’s happened to me several times.
Fuckin oath, that’s just completely fucked up.
Let me give you an example. I was given 100k of stock options when I started my company. They vest in three years. We just got notified of layoffs and recently our stock doubled. I’m my opinion we don’t need layoffs. Just let attrition takes its course and we’d right size in under a year.
As such, people will lose a lot of money by being laid off since they’ll lose all their options. They should vest automatically. It’s almost like they do layoffs to avoid paying th options.
Anything not legally required by law is always something they’re willing to take away.
It happened to a bunch of people I used to work with. I worked for a small company that almost went under. About half of our staff got laid off one day. People with unvested stocks got fucked. 4 years later the company was sold, and our stock was worth a life changing amount. Those poor guys got fucked so hard. I was able to buy a house before I turned 30 with that money.
I can’t even boycott them because I don’t have the slightest interest in anything they make.
Oof, this is a really bad look. I feel for everyone who got the layoff call.
It’s the status quo for tech companies, covid low interest rate growth and now they are shrinking things back.
