[omershapira]

Layoffs always suck, and the things and people Epic are getting rid of will hurt everyone, but credit is due for allocating the budget to take care of everyone, including accelerating the vesting schedule.

The communication around the layoffs, the "why" and "what now" make sense. If you have to pivot, learn from this communique.

[nerdjon]

I saw this comment and opened it expecting it to maybe just be 2 months of pay due to the Warn act. So was prepared to point out that they are not doing it freely.

But honestly yeah, at 6 months of pay and benefits. It still sucks and gettin laid off can affect you emotionally with the "why me" question. But 6 months is enough to fend off the panic that could set in.

Layoffs suck and unfortunately are just a reality, sometimes they really can't be avoided. They deserve some credit for how they are handling it.

[GreedClarifies]

6 months of vesting? That's a real benefit. I wish big tech had done something like that. Very generous.

Of course it would have been far more expensive for big tech to do it.

[darknavi]

Microsoft did at least:

> Benefit-eligible U.S. employees are to receive severance, six months of health care and stock vesting, and 60 days of notice, Nadella wrote.

https://www.cnbc.com/2023/01/20/google-amazon-microsoft-meta...

[bink]

I read it's not just 6 months of vesting, it's the entirety of 2024.

[sitzkrieg]

or anyone really

[iwonthecase]

> including accelerating the vesting schedule.

Just curious, but how useful are stock options in a company that's 30+ years old and still private?

[acegopher]

While I'm not familiar with Epic, large private companies I've been involved with in the past often have an internal market that has an independent auditor set the stock price and the company provides liquidity by authorizing a pool of money for buying and selling shares.

[richardlblair]

I liked that they are also giving 2 yrs to exercise their options