Citing revenue declines, Airbnb cuts 25% of workforce

Re:Citing revenue declines, Airbnb cuts 25% of workforce by jameslevy on Tuesday May 05, 2020 @03:51PM (#23084146)

Monthly vesting without a year one cliff is not really done, AFAIK. I also don't think that there is a lot of wiggle room for negotiated severance terms. But sign on bonuses and 200k base pay could certainly be on the table.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by mav3rick on Tuesday May 05, 2020 @04:35PM (#23084731)

It happens at both F & G in FAANG.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by eru on Tuesday May 05, 2020 @09:19PM (#23087002)

I had a first year cliff at Google a few years ago. But they might have changed that.

Facebook definitely doesn't have a cliff in 2020.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by what_ever on Tuesday May 05, 2020 @10:22PM (#23087359)

Changed in latter half of 2017.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by eru on Wednesday May 06, 2020 @02:31AM (#23088389)

Interesting. Do you know why?

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by mav3rick on Wednesday May 06, 2020 @11:18AM (#23091926)

More employee friendly

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by eru on Thursday May 07, 2020 @01:58AM (#23100133)

But why didn't they do it before then?

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by what_ever on Thursday May 07, 2020 @01:47PM (#23105844)

It was just acceptable before to have a 1 year cliff? Also it was done to placate Nooglers not getting a refresher for the first year (although that didn't make any sense and some Nooglers in 2017 got neither end of the stick).

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by eru on Friday May 08, 2020 @04:44AM (#23112725)

Thanks!

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by monktastic1 on Tuesday May 05, 2020 @04:40PM (#23084777)

Monthly vesting in the first year?

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by seangrogg on Tuesday May 05, 2020 @07:03PM (#23086144)

Yep. That's what I had at Google. Was selling shares as soon as I acquired them (no issue with GOOG but I preferred more diversification). I recall there being some admin time needed (~2-3 months?) before I had access to said shares but as soon as I did all 2-3 months worth were "vested" and I started cashing out.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by chapplap on Tuesday May 05, 2020 @05:09PM (#23085090)

Monthly at Google, quarterly at Facebook.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by Zhenya on Wednesday May 06, 2020 @12:06AM (#23087815)

The vest frequency depends on the size of the grant.

Some grants (small) once a year Bigger - quarterly Large - monthly

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by Domenic_S on Tuesday May 05, 2020 @05:02PM (#23085023)

Can confirm that at G.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by freepor on Tuesday May 05, 2020 @06:40PM (#23085972)

The only point of the one year cliff is to pay someone less, or keep a startup’s cap table clean. For a public company there would be no point.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by eru on Tuesday May 05, 2020 @09:19PM (#23087005)

The other point is to bind people to the company.

It's very similar to a sign-on bonus you can claw back in the first year or two.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by mav3rick on Tuesday May 05, 2020 @08:46PM (#23086793)

Looks like finally a comment thread where there are no pitch forks against G. Still waiting for someone to concoct a reason as to why this maybe bad for employees :D Also it's quarterly at FB.

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Re:Citing revenue declines, Airbnb cuts 25% of workforce by pedrosorio on Tuesday May 05, 2020 @10:54PM (#23087503)

Snap does monthly no cliff as well.

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