If people were routinely laid off right before vesting cliffs, employees would just start devaluing any equity behind such a cliff. In general, how is an emplo

If people were routinely laid off right before vesting cliffs, employees would just start devaluing any equity behind such a cliff. In general, how is an employee or prospective employee supposed to tell which companies are going to be loyal ahead of time? Private companies can choose to be loyal out of a sense of good will, just like employees can, but unless both parties have some credible reason to trust the other, it's just self-defeating to do so because then you're just volunteering to end up on the rough end of a cooperate/defect outcome.