this post was submitted on 08 Feb 2024
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622
Google workers complain bosses are 'inept' and 'glassy-eyed' (www.sfgate.com)
submitted 9 months ago by [email protected] to c/[email protected]
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[–] [email protected] 38 points 9 months ago* (last edited 9 months ago) (2 children)

IMO one thing I think should be made into law is that if a company grants unvested equity, everything granted will automatically vest when you get laid off.

If you decide to quit before they vest, I understand that those grants should be forfeited. If you get fired for not doing your job, I also get forfeiting them.

But if the company lays you off, that's on their side, so I think the opposite (automatic vesting) should be guaranteed by law.

[–] [email protected] 24 points 9 months ago

I had to verify the current situation in the United States is what you stated because it's intuitively so wrong. I can't believe an employer can set terms for compensation and, through no fault of the employee, legally prevent that employee from completing those terms.

Land of the free!

[–] [email protected] 8 points 9 months ago (1 children)

Yeah, my company just re-organized their shares and reset my vesting schedule after 5 years. And are trying to get rid of me.

[–] [email protected] 4 points 9 months ago (1 children)

Reset the schedule for shares they already granted you? Or for future grants?

[–] [email protected] 3 points 9 months ago (1 children)

Ones they already granted me

[–] [email protected] 8 points 9 months ago (1 children)

Do you have a signed agreement with them on the original schedule? I don't think it's legal for them to unilaterally change that agreement.

[–] [email protected] 3 points 9 months ago (2 children)

Don't know anything about their case, but an acquaintance of mine works for a company that got bought and their vests just evaporated the moment the company changed hands ¯\_(ツ)_/¯

[–] [email protected] 1 points 9 months ago (1 children)

Illegal. Sue them.

[–] [email protected] 1 points 9 months ago

I wonder if that depends on the jurisdiction, but I'll ask if that's possible