Basically what the title says. I was VERY close to a pretty large vest and am disappointed to hear that folks who have asked about getting the last batch of stocks that were about to vest are being told a hard no. I thought that was a regular industry practice? Hell, even Twitter did it in their layoffs. Seems like a super disappointing low move, though disappointing moves are the order of the day at Shopify recently. Hoping to see if anyone was able to do it, or if we're all just signing off and moving on after a good crying jag. #severance #layoff
You mean accelerated vesting. It's completely the company's prerogative. Nothing you can do about it. It's sucks balls.
Ugh
This is not correct information, please talk to a lawyer
That's tacky. Sorry that happened to you.
It is very tacky. I've asked several friends who have gone through layoffs before and they all said they got the accelerated vesting 😕 thanks
I am curious if anyone has tried renegotiating any part of the severance. It does seem tacky as I was a few days away as well. Anyone here from outside the US?
Tobi is gonna Tobi
I can confirm.
Is he a dick?
Tobi only did it for the first round since it was big news in Canada. Now that the PR is not as big around a second layoff, he doesn’t care. Extremely fake and uncaring individual.
Not the point. On the first layoff people were still on the old compensation framework where stocks vested only after a year. Now stocks vests monthly. Also on the first layoff you only got proportional stocks to your time in the company.
I can confirm that is not the reason.
What do you mean? You didn't get stocks that were already granted? Aren't you on the new compensation framework?
Sorry, I mean I had an amount meant to vest after my termination date but super close (fake numbers but like May 10, after being let go May 4). It was my understanding they usually go ahead and grant them but Shopify isn't.
OP get an employment lawyer involved. Stocks are to continue vesting during the period of your severance. Unless you signed already you will likely be able to get them.