IBM Is Already Gutting Red Hat and Firing Employees Without Warning

Re:IBM Is Already Gutting Red Hat and Firing Employees Witho... by wmf on Wednesday August 05, 2020 @03:36PM (#24064673)

401ks don't have vesting though. At worst the match might be in December so people who are laid off mid-year lose half a year of matching.

[ Parent | on HN ]

Re:IBM Is Already Gutting Red Hat and Firing Employees Witho... by hinkley on Wednesday August 05, 2020 @03:52PM (#24064837)

I had employer match with a 3 year vesting period at one place. I've never had anyone else do more than 12 months, and not everyone did that. The matching is for the paycheck you just paid me for work I already did. Why is it tied to the end of the year? As an employee retention hook it's a lousy idea. It's too small, and lacks all of the dopamine of watching a stock price seesaw up and down, wondering what it'll be worth when you can finally spend it.

[ Parent | on HN ]

Re:IBM Is Already Gutting Red Hat and Firing Employees Witho... by toomuchtodo on Wednesday August 05, 2020 @03:38PM (#24064695)

Some do (employer contributions).

https://www.google.com/search?q=401k+vesting

[ Parent | on HN ]