Does anyone have details on how this works for any employees impacted in the layoffs?
Would all of your unvested stock vest as part of the severance package or just a percentage?
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there is no ER with this reduction
Unvested stocks are NOT going to magically vest now. They will be gone for good.
There are some countries where they may need to vest immediately due to local rules, but employees in these countries do not get much RSU to begin with (they are likely to be compensated by bigger pay checks or more connected awards)
RSUs are there to keep employees. Now that your services are not needed anymore, you will not get paid out any unvested RSUs.
Accelerated RSU vesting can also be used to entice folks into early retirement. This round of layoffs will probably have no early retirement option.
Doubtful that there would be any accelerated RSU vesting. RS Hughes are holding power so whatever is not. Vested goes back into the main pot.
There is no early retirement option with this LR.
There is no accelerated vesting. You would vest normally while employed and forfeit any unvested stock after your termination date.
That may or may not be true. If there is a voluntary component to this reduction, i.e. ER/Early Retirement, they could include some accelerated vesting. During the last ER they included vested shares for 2 forwarding quarters.
There is no accelerated vesting. You would vest normally while employed and forfeit any unvested stock after your termination date.