This actually makes laying off a recent hire sr employee more expensive. As they’d need to pay out all the equity and 16 weeks of expensive base salary.
if it’s a standard one year cliff then it just means if you’ve worked there for 5 months you get 5 months of equity whereas you would have gotten zero. it’s not “all the equity”
Also Shopify is -80% ytd so if you were hired the beginning of the year you were expecting a completely different compensation package than you are getting now.
Yeah, I think this is correct. I've been in a position where the company that hired me couldn't keep paying me and we decided to part ways a few months short of a year. The founder offered me the amount of options that would have vested had there been no cliff.
Even RSUs are converted from a dollar value to a number of shares in the month you join. If you’re getting them a year later with this level of stock decline a $220k/year salary and $220k/year of stock would be $264k of compensation when you were expecting somewhere near $440k. So even with RSUs the pain is real.
