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WeWork Plans to Shed One-Third of Technology Employees
- mdorazio 7y ago"1,500 software engineers, product managers and data scientists" ?! What were they all doing?! WeWork is not a technology company - it doesn't have a software product or service, it has a website. This is madness.
- tempsy 7y agoThe other thing this does is that it will force employees who have vested options (and not RSUs) to have to quickly make a decision on whether to exercise. Terrible timing since there's so much uncertainty around share price.
- mdorazio 7y agoYeah, that's going to depend on what strike price they got in at. But this is the whole reason startup options are a lottery ticket, not actual compensation. Sometimes you win, and most of the time you lose.