4 ms·

15% force layoff: - 12 weeks pay, more for longer tenure - /wrong info deleted/ 3 years to exercise (Corrected: Removal of vesting cliff, not full vesting) -

15% force layoff: - 12 weeks pay, more for longer tenure - /wrong info deleted/ 3 years to exercise (Corrected: Removal of vesting cliff, not full vesting) - healthcare for 3 months - get to keep laptop equipment - up to 100k investment if the laid off employee does their own startup, using Lattice for HR purposes

MonkeyMalarky 4y ago
I wonder what the startup scene will be like with all these layoffs. I know a few people in the past who got together and started their own company after being laid off, using their severance as a runway.
jacquesm 4y ago
In other news, all Lattice employees fire themselves and pocket 100K. That seems gamable unless they want to weasel on the 'up to'. It also is a bit strange to combine 'layoff' and 'investment' in the same email, it's a layoff, any sugarcoating should be in cash and not in possible investments.
- romellem 4y ago
  The 100k investment (something they announced in Feb 2020) isn't an instant check for 100k, there are several conditions, [details here][1], and the relevant part being: > The way it works is simple: if you’ve worked at Lattice for at least 3 years and part on amicable terms and if you start a new company within 12 months of leaving, Lattice will offer to invest up to $100,000 either at a $5 million valuation or at the terms of a seed round you are raising, whichever is higher. Lattice will look to support these companies through sharing advice, our network, and even partnership where applicable. [1]: https://lattice.com/blog/lattice-announces-the-invest-in-your-people-fund https://lattice.com/blog/lattice-announces-the-invest-in-you...
  - efsavage 4y ago
    I feel that some version of that is not a bad standing policy for any company.
  - swyx 4y ago
    100k at 5million is extremely generous seeing how YCombinator values you at 2m
bushbaba 4y ago
The investment is huge and a genius idea
optimalsolver 4y ago
Pretty decent, as far as these things go. The equipment bit is quite a change from the usual "turn in all company property or else" threats.
deleted 4y ago
[deleted]
medellin 4y ago
Never great to get laid off and even more so in the current environment but that comp package should lighten the blow for most people
cj 4y ago
> full vesting of all equity, 3 years to exercise They aren't accelerating vesting. They're just removing the cliff. So if they hired you 6 months ago, you'll be eligible to exercise 6 months worth of vested options (or 1/8 of the total option grant). "We removed the vesting cliff for employees who were with Lattice for less than one year. Their equity will vest monthly during their employment term as if they had reached the cliff. Employees will have up to 3 years to exercise their options post-exit."

MonkeyMalarky 4y ago

I wonder what the startup scene will be like with all these layoffs. I know a few people in the past who got together and started their own company after being laid off, using their severance as a runway.

jacquesm 4y ago

In other news, all Lattice employees fire themselves and pocket 100K. That seems gamable unless they want to weasel on the 'up to'. It also is a bit strange to combine 'layoff' and 'investment' in the same email, it's a layoff, any sugarcoating should be in cash and not in possible investments.

romellem 4y ago
The 100k investment (something they announced in Feb 2020) isn't an instant check for 100k, there are several conditions, [details here][1], and the relevant part being: > The way it works is simple: if you’ve worked at Lattice for at least 3 years and part on amicable terms and if you start a new company within 12 months of leaving, Lattice will offer to invest up to $100,000 either at a $5 million valuation or at the terms of a seed round you are raising, whichever is higher. Lattice will look to support these companies through sharing advice, our network, and even partnership where applicable. [1]: https://lattice.com/blog/lattice-announces-the-invest-in-your-people-fund https://lattice.com/blog/lattice-announces-the-invest-in-you...
- efsavage 4y ago
  I feel that some version of that is not a bad standing policy for any company.
- swyx 4y ago
  100k at 5million is extremely generous seeing how YCombinator values you at 2m

bushbaba 4y ago

The investment is huge and a genius idea

optimalsolver 4y ago

Pretty decent, as far as these things go. The equipment bit is quite a change from the usual "turn in all company property or else" threats.

deleted 4y ago

[deleted]

medellin 4y ago

Never great to get laid off and even more so in the current environment but that comp package should lighten the blow for most people

cj 4y ago

> full vesting of all equity, 3 years to exercise They aren't accelerating vesting. They're just removing the cliff. So if they hired you 6 months ago, you'll be eligible to exercise 6 months worth of vested options (or 1/8 of the total option grant). "We removed the vesting cliff for employees who were with Lattice for less than one year. Their equity will vest monthly during their employment term as if they had reached the cliff. Employees will have up to 3 years to exercise their options post-exit."