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It’s not the severance that’s the issue, it that a bunch of RSUs vest tomorrow.

• lefstathiou 4y ago
  I need to read into this more… My understanding is that this was a take private so all stock was acquired already (ie vested options get paid and unvested get terminated at Close). This is exactly what would happen if you acquired our company. It’s not like a purchaser would have the honor long term vesting schedules. They bought everything already that was available to be sold. Those who didn’t vest were dragged along into the deal.
  • avrionov 4y ago
    Usually, the RSUs are converted to cash and the RSUs schedule is kept the same. The workers which remain int he company receive cash on the same schedule.Hence Letting some people go before the RSU date saves money.
  • sangnoir 4y ago
    > This is exactly what would happen if you acquired our company. That is a terrible deal. I've worked at a company where all outstanding RSUs would vest immediately at the time of purchase; was that an unusual arrangement?