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When my employer laid people off due to COVID-19 they had everyone's stock vest. Linearly vest (as in, if they worked there 6 months they got 6 months of stock,
by Manuel_D 4y ago
When my employer laid people off due to COVID-19 they had everyone's stock vest. Linearly vest (as in, if they worked there 6 months they got 6 months of stock, not the 1 year cliff). This is the way to go. The one year cliff is to keep people from leaving on their own accord. Firing someone close to the vest date is a big red flag to other employees. Viewed from outside, it looks like an employer is trying to get out of paying an employee. It's not such a big deal to fire someone a couple months into a year long vesting cliff, but one month is way too close.
- deleted 4y ago[deleted]
- iLoveOncall 4y agoA layoff is not comparable to firing a specific individual because they are incompetent.