Re:Meta fires a software engineer two days after he relocate...
by compsciphd on Monday November 14, 2022 @05:01AM
(#33592000)
which if there's a 1 year cliff, means he didn't have a vesting date then....
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Re:Meta fires a software engineer two days after he relocate...
by charcircuit on Monday November 14, 2022 @05:05AM
(#33592031)
Meta does not do cliffs.
Re:Meta fires a software engineer two days after he relocate...
by compsciphd on Monday November 14, 2022 @02:02PM
(#33599134)
ok, didn't know that, though would he still have had a vest date then?
ex. lets say meta vests one per month on the 15th, and he starts on the 14th, would he normally have vested right away, or would he have had to wait to Dec 15th? (and can apply to whatever schedule you want, just picked a monthly one for example sake).
Re:Meta fires a software engineer two days after he relocate...
by charcircuit on Monday November 14, 2022 @02:49PM
(#33599898)
I don't know enough about Meta to answer that.
Re:Meta fires a software engineer two days after he relocate...
by rullelito on Monday November 14, 2022 @05:03AM
(#33592014)
A (vesting) cliff doesn't mean you have to wait 1 year for the vesting, it means that your vesting significantly reduces after 1 year.
Re:Meta fires a software engineer two days after he relocate...
by stavros on Monday November 14, 2022 @05:09AM
(#33592064)
I don't know how you've seen it, but I've seen it mean exactly that. A one-year cliff means that your whole year (usually your first) vests at once, in one day.
Re:Meta fires a software engineer two days after he relocate...
by kortilla on Monday November 14, 2022 @05:55AM
(#33592396)
No, that’s not what a cliff is. https://www.investopedia.com/terms/c/cliffvesting.asp
What you’re talking about is front-loading or ballooning vesting schedules.