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> If I'm a current employee, I'm underwater. And my tax implications are scary. So, am I not motivated to stay and let things recover, rather than walking away
by twblalock 7y ago
> If I'm a current employee, I'm underwater. And my tax implications are scary. So, am I not motivated to stay and let things recover, rather than walking away when I vest after six months?
You have to weigh that against the realistic chance that the stock will never recover. That happened to SNAP and it could happen to Uber too. How long are you willing to wait?
You may be doubling down on a sunk cost, and missing out on the opportunity to get a job at another company with more valuable RSUs.
- xrd 7y agoGood point. But if you go anywhere else, you are waiting 18 months for those RSUs. If I stay at Uber for a year and see how things go, isn't that a decision more people will need to make now, rather than doing the math on "I'll leave in six months with new job offer in hand..." In other words, didn't Uber extend the life of lots of people there by a six months or so beyond the six months they need to wait to sell after the IPO? That's a long time in the tech world.
- twblalock 7y agoI think a lot of people will stick around for 6 months, and even longer, and that’s perfectly fine if they want to be there, but it’s not fine if they are staying because they feel trapped by their RSUs and taxes. I’m not saying you should leave. I’m just saying that you should not feel trapped into staying by your RSUs.