Company is not Lyft. I'm getting a 30 day severance package. They claim they have no obligation to pay out that quarterly vest, the agreement also doesn't say anything about termination except that it terminates when my employment terminates. Termination is not due to pip if that matters. Can/should I challenge them on this? What leverage can I use to try to get them to offer me this? Obviously I still want the 30 days salary. #severance #layoff
Not much to fight about. Companies strategically dump people before vesting period all the time. Nothing stopping you from quitting a day after stonks vest either.
Sorry about your layoff. If your official last date is >= 2 weeks from now then the stock would be vested. Else there is nothing much you can do about it even if you decide to take the legal route.
Why can’t you take your vacation days to extend final day?
That's not how it works. It's effectively being fired.
If you are in California your contract is at will employment such that you can tell them I am not coming to work tomorrow resigning today and they can tell don’t come to work tomorrow. Maybe check your contract to see if you had at will employment terms. If so there is nothing you can do
A-hole move from them but there is nothing you can do about it. 😠
Tell us the company so we can all boycott it
☝🏻
Yes.
Is company not covered under Warn Act for 60 day notice, or would 60 day still be two weeks before vesting?
PayPal? Those ass holes are known to do this regularly.
Here is how you can retaliate and punish them: send an email and add as many people as you can to it, including your peers and management, up to and including the CEO, complaining about the timing and explaining why it is a rip off. In the email also explain to your peers why they should have no loyalty or trust for this company because they are obviously disposable resources. Bring their morale level to the ground.
I mean this is also how you burn every bridge at the company and future companies those folks work for, so proceed with extreme caution on this one.
I doubt he will want to work for them again. But yeah it is a small world do take your chances
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Hi could you ping me. I ran out of chats