News for hackers. Stuff that matters.

A comment on The quitting economy. Parent comment

Re:The quitting economy by soulnothing on Wednesday July 26, 2017 @02:23PM (#14858759)
I view it more akin to a military contract. You will serve X years then get stock.
[ Parent | on HN ]
Re:The quitting economy by s73ver on Wednesday July 26, 2017 @02:33PM (#14858858)
What's to stop them from terminating the contract a month shy, because of "performance reasons"? Unfortunately this setup would require quite a lot of trust in the industry, which, quite frankly, it has not earned.
[ Parent | on HN ]
Re:The quitting economy by gozur88 on Wednesday July 26, 2017 @03:41PM (#14859488)
https://www.cnet.com/news/zynga-to-employees-give-back-our-s...

If I stayed at a place a few extra years in anticipation of an IPO, this would have me seeing red.

[ Parent | on HN ]
Re:The quitting economy by soulnothing on Wednesday July 26, 2017 @02:51PM (#14859019)
No I'm completely in agreement with this. There are two types the Restricted units. Which vest slowly over several years. So if you're terminated early. You may get a percentage of the promised stock.

Then there is the startup model. Where you're given stock of varying grades.

Stock always felt like a gamble. Give me enough for bills + saving, then treat the stock as a bonus. Not core compensation.

[ Parent | on HN ]
Re:The quitting economy by ido on Wednesday July 26, 2017 @03:40PM (#14859478)
At least in Germany this would open the company to a lawsuit for wrongful termination (unless you worked there less than 6 months I think). At-will employment throws this out the windows, of course.
[ Parent | on HN ]