alt Hacker NewsThis is the unfair part. Quite often salary is reduced with the excuse of having stock options. So this is more like a cut in earned salary along with getting fired.
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garbawarb • today at 4:48 PM
Pretty vicious. As an employee I wouldn't consider working at Oracle or any company that's done this when there are plenty of companies which, despite layoffs sucking for everyone involved, at least compensate their employees decently when it happens.
Since moving to NYC, I'm surprisingly close to cashflow neutral. The cost of living is crazy expensive here.
I'm for sure timing my exit based on the vesting schedule.