I'm not sure how I'd deal with that. That's my main driver in saying yes.
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@en yes it does. It’s clearly stated in the faq and VBO documentation. It also states that upcoming layoff severance will match the VBO. Full stock vesting is given with any no-cause involuntary separation per the email sent out last year. The surprise is they are including it in the voluntary buyout
not sure if it's the same this year but the company specified the buyout severance is the same as the layoff severance last year
You sound like a shill for DE/Elon Musk
You can’t get unemployment for voluntary separation. Not in NYC. Look up the criteria and this agreement is in no way to lessen headcount. BTO does not count. My thoughts on taking buyout… why make it easier for them!?! They want to look good for that earnings report.
@ah Severance is the same as what you get with the Buy out but...
For severance (if you get laid off), you get accelerated vesting on whatever unvested LTIP you have. Buyout does not give you this.
@ah if you’re in Los Angeles you don’t get unemployment if you take the buyout
@a4 Incorrect
I took it because I'll still get my bonus, but I salute you comrades. Good luck with whatever comes next, praying for your souls.
@ah Layoff may or may not include STIP and vesting acceleration
The buyout offer was just equal to our severance packages no? Severance is 2 weeks for each year of service. So getting laid off would get you the same amount of money. Am I missing something?
@a3 not if your bonus amount is higher than your max unemployment benefit. YMMV
might be time to face it. Take the offer and let the company crash.
@a7 the faq clearly lists bonus and stock vesting
There was no bonus included in my buyout offer. Why would I take it if it is identical to severance?
There will definitely be layoffs before bonus that’s given
End the suffering and take the buyout
In New York, you CAN still get unemployment after taking the buyout.
If you get laid off, you can apply for unemployment
It's a better "deal" than VOB
Especially if layoffs happen before end of year. Then you lose your bonus. That’s also my fear.