ESC firings beat the stock vesting deadline
[full disclosure, I am a former employee of the Electric Sheep Company]
So I am still talking to even more Sheep and former Sheep as the hours since the massive layoffs took place. And something I didn’t even consider in the early hours of this has become unavoidably obvious.
Consider this. When I was hired, I was given stock. 1/3 of my stock was to be vested on the anniversary of my hire date for the first three years. And as far as I have surmised, everyone received this same deal. The only variable being the total amount of stock offered.
Now consider this, I was one of the first to be hired in a wave of new hires. I started in the first couple of weeks of January 2007. I believe Torrid Midnight was hired one week before me. So this puts her in late December/early January.
…
Has that sunk in for you yet? This “right-sizing” seems to come at the right time as far as avoiding stock to be vested in mere days and weeks for many of the employees “right sized”.
