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submitted 7 months ago by 1984@lemmy.today to c/technology@lemmy.world
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[-] jballs@sh.itjust.works 123 points 7 months ago

I feel like the editor that wrote the headline missed the main point of the article. The headline makes the article sound like there are a bunch of dumb and boring middle managers at Google. The actual article has nothing to do with people's direct bosses or even their bosses' bosses. The article was about how Google execs are ruining the company to appease the shareholders. Best quote from the article is:

“We get that execs are excited about Google’s future,” another question reportedly said. “Why should we be excited, when we might get laid off and not be around to share in that future? If we lose our jobs and equity grants, it’s cold comfort that Google is succeeding off our hard work, and we don’t get rewarded for it, but you do.”

[-] asdfasdfasdf@lemmy.world 37 points 7 months ago* (last edited 7 months ago)

IMO one thing I think should be made into law is that if a company grants unvested equity, everything granted will automatically vest when you get laid off.

If you decide to quit before they vest, I understand that those grants should be forfeited. If you get fired for not doing your job, I also get forfeiting them.

But if the company lays you off, that's on their side, so I think the opposite (automatic vesting) should be guaranteed by law.

[-] coffee_with_cream@sh.itjust.works 8 points 7 months ago

Yeah, my company just re-organized their shares and reset my vesting schedule after 5 years. And are trying to get rid of me.

[-] asdfasdfasdf@lemmy.world 4 points 7 months ago

Reset the schedule for shares they already granted you? Or for future grants?

[-] coffee_with_cream@sh.itjust.works 3 points 7 months ago
[-] moormaan@lemmy.ca 8 points 7 months ago

Do you have a signed agreement with them on the original schedule? I don't think it's legal for them to unilaterally change that agreement.

[-] sukhmel@programming.dev 3 points 7 months ago

Don't know anything about their case, but an acquaintance of mine works for a company that got bought and their vests just evaporated the moment the company changed hands ¯\_(ツ)_/¯

[-] moormaan@lemmy.ca 3 points 7 months ago
[-] WarmApplePieShrek@lemmy.dbzer0.com 1 points 7 months ago
[-] sukhmel@programming.dev 1 points 7 months ago

I wonder if that depends on the jurisdiction, but I'll ask if that's possible

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this post was submitted on 08 Feb 2024
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