harbinger

@harbinger@lemmy.zip

• ⁨Comment⁩ on ⁨Hold my beer - Bungie⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  One of the worst instances was one year that virtually all “merit increases” were instead replaced with RSUs that vested in a year. When I had to bring that to my team and tell them what they were getting… Well, not a single one of us expected to see that money. Sure enough, layoffs happened and that potential money evaporated before any of us saw a cent. None of us were unprepared or surprised, but obviously still unhappy.

• ⁨Comment⁩ on ⁨Hold my beer - Bungie⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  You’re not wrong

• ⁨Comment⁩ on ⁨Hold my beer - Bungie⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  Yes, I am certain that was the case. It was the case in my examples too… Every now and then someone gets through and gets a couple units to vest, but the majority are gone and so is that compensation. It’s disgusting.

• ⁨Comment⁩ on ⁨Hold my beer - Bungie⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  I assume that stock was in the form of restricted stock units that vest over the course of a few years. I’ve seen this kind of thing play out at a few big tech companies over the years and have seen people lose literally hundreds of thousands of dollars in delayed payout.

  They offer these as a “loyalty incentive” so the employee wants to stay while of course offering no loyalty in return when they decide to execute layoffs.

• ⁨Comment⁩ on ⁨3D Scanned and Re Printed⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  That’s awesome. Were the scale details lost in the scanning or the printing?