• 0 Posts
  • 10 Comments
Joined 1 year ago
cake
Cake day: June 13th, 2023

help-circle


  • harbinger@lemmy.ziptoGaming@lemmy.zipHold my beer - Bungie
    link
    fedilink
    English
    arrow-up
    7
    ·
    8 months ago

    One of the worst instances was one year that virtually all “merit increases” were instead replaced with RSUs that vested in a year. When I had to bring that to my team and tell them what they were getting… Well, not a single one of us expected to see that money. Sure enough, layoffs happened and that potential money evaporated before any of us saw a cent. None of us were unprepared or surprised, but obviously still unhappy.




  • harbinger@lemmy.ziptoGaming@lemmy.zipHold my beer - Bungie
    link
    fedilink
    English
    arrow-up
    99
    ·
    8 months ago

    I assume that stock was in the form of restricted stock units that vest over the course of a few years. I’ve seen this kind of thing play out at a few big tech companies over the years and have seen people lose literally hundreds of thousands of dollars in delayed payout.

    They offer these as a “loyalty incentive” so the employee wants to stay while of course offering no loyalty in return when they decide to execute layoffs.