Re:Ask HN: Are RSUs worth your loyalty?
by toast0 on Wednesday January 08, 2020 @04:41PM
(#21996096)
> There was no performance management system in place either, so the people fired were basically just the bottom of the stack rank their managers were asked to turn in, which was often based more on personal like or dislike than performance.
And that differs from the result of a performance management system how? Maybe that rank and file didn't have to spend as much time writing reviews?
Re:Ask HN: Are RSUs worth your loyalty?
by darkarmani on Wednesday January 08, 2020 @06:02PM
(#21996718)
> (he was on a 10/20/30/40% schedule).
That's a terrible vesting schedule, but he still made millions on the 60% he vested?
That definitely didn't happen at my company. We had a round of layoffs and the package offered to people who signed an agreement not to sue only included a couple weeks of accelerated vesting. There was no performance management system in place either, so the people fired were basically just the bottom of the stack rank their managers were asked to turn in, which was often based more on personal like or dislike than performance.
There was one engineer entering his fourth year, who had saved the company 30 million dollars during his term with infrastructure efficiency improvements, who was laid off and lost millions in the RSUs that would have vested that last year (he was on a 10/20/30/40% schedule). All the ICs speculated he was fired so the company wouldn't have to pay.