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They are all exempt employees so they aren't covered by a lot of labor law, such as getting paid "overtime", etc. This is how professional, salaried employment
by nemo44x 4y ago
They are all exempt employees so they aren't covered by a lot of labor law, such as getting paid "overtime", etc. This is how professional, salaried employment works. Exempt employees tend to be paid very well and have great benefits though.
You can fire an employee for no reason at all since employment is "at will". Musk probably assumes a good deal of the workforce is lazy and/or incompetent and he doesn't want to pay them. So he's figuring out who to fire.
- deleted 4y ago[deleted]
- throwaway1851 4y agoIf the terminations are happening for the purpose of depriving employees of stock-related compensation they are about to earn, that may be an illegal reason. For example, you cannot let a salesperson snag a huge deal and then fire him or her to avoid paying the commission - it’s not an “at will” issue.
- nemo44x 4y agoRSUs only vest if you are an employee the day they vest. If a salesperson wins a deal and you fire them before paying their commission that’s different since they closed the deal first. It’s very common for companies to let individuals go before bonuses vest.
- throwaway1851 4y agoI would certainly recommend any employee in this situation to get legal counsel. Terminating an employee for the purpose of preventing them from satisfying conditions precedent to a payment is a bad-faith move that some courts will set aside.
- nemo44x 4y agoSure but good luck proving that.