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Google workers complain bosses are 'inept' and 'glassy-eyed'
(www.sfgate.com)
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this post was submitted on 08 Feb 2024
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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.
Yeah, my company just re-organized their shares and reset my vesting schedule after 5 years. And are trying to get rid of me.
Reset the schedule for shares they already granted you? Or for future grants?
Ones they already granted me
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.
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)_/¯
Ouch
Illegal. Sue them.
I wonder if that depends on the jurisdiction, but I'll ask if that's possible