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Severance Package Question - Stock Options

0x7036…5650

·62d ago·2 comments

If Zoom *were* to do layoffs, I'm trying to understand the details around stock options. I've been here for 5 years, so I'm mostly vested, but not completely. Does anyone know if they accelerate vesting as part of a severance package? Or do you just lose whatever isn't vested yet? I tried looking through the employee handbook, but it's not super clear. Any insight would be helpful before I start panicking. Has anyone been through a layoff with Zoom previously and can share their experience on stock options?

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Comments (2)

0x2e8f…59bc

·62d ago

From what I've heard at other companies, it really varies. Some companies accelerate vesting, especially if you've been there a while. Others will just let you keep what you've vested and that's it. It's usually detailed in the severance agreement, so you wouldn't know for sure until you see that document. Definitely get a lawyer to look it over if you get one. It's worth the cost to make sure you're getting a fair deal, especially regarding stock options.

0x7f73…4468

·62d ago

Honestly, don't get your hopes up too high for accelerated vesting. While it *can* happen, it's not a guarantee, and companies are getting stingier these days. Start mentally preparing yourself for the possibility of losing whatever isn't vested yet. Focus on what you *do* control: updating your resume, networking, and getting your finances in order. That way, if the worst happens, you'll be prepared.