There is an exception on stock awards - I believe if it is if you are 55+ with 5 years of service, they will vest on schedule if you leave/retire or if you are let go (unless you do something criminal). You will receive a notice from HR that outlines the fact that they will take the eventual taxes since they are guaranteed to vest (it's not a big number - you are just paying it at award and not vest). But yeah, losing them su***.
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@ft I'm confused. Since when were we entitled to unvested stocks? Wasn't it always meant to be some sort of incentive for remaining in good standing with the company? Why is it deemed cheap that employees who were laid off get to keep unvested stocks for the next 3 years?
@ft greed. They timed it in such a way people lose their stocks. For many , severance was way lesser than stocks lost. It is disgusting when you keep reporting profits.
Those impacted this week should still get November vesting since they will be on the payroll for another couple of months, however future vestings past 2026 are removed.
The July batch of cuts already had all equity removed, those RSUs disappeared at the start of October.
Agree its infuriating, disgusting, cheap, and petty to have something that was reported to you as future compenstion taken away because of a decision you didn't make.
I lost equities too, due to vest in November. Tried to fight, pointless. Disgusted.
Lost my equities after 8 years at Visa so...
@ay loses equity? Even the one vesting in November? That is fu--ing unacceptable if true.
A colleague (at Visa 2 years) is paid out through end of December, keeps bonus, loses equity, gets Cobra.
@a8 based on years of service?
6 months paid
You first.