Thread regarding Synamedia layoffs

compensation

what about the new compensation model?

when we will there be salary raises?

will there be a replacement for RSUs, ESPP?

what about the bonus process?

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Post ID: @VZpQfpJ

13 replies (most recent on top)

If you were good, or senior, or both, you got far more $$$ from Cisco than from NDS. I don't know about SA.

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Post ID: @VZpQfpJ-5gvn

OP - you fell for thane? Mug. Same thing that Cisco said. What happened in fact was our options disappeared down the drain and we got almost nothing in return. Some sh--ty ESPP scheme and vastly less RSU than what the shares would have been worth. You have been MUGGED as there is nothing you can do about it.

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Post ID: @VZpQfpJ-5oms

I'm not expecting to get ESPP or RSU, but they said they will provide replacements.

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Post ID: @VZpQfpJ-3hul

@show me the money

ESPP is an American company thing. Is Synamedia American.? As for RSU Is Synamedia about to be listed on a stock market, which it would need to be to give you share options?

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Post ID: @VZpQfpJ-2foc

even is Cisco a bonus wasn't a sure thing

but we knew at what date bonuses are announced, we knew according to grade level what is the bonus expected bonus percentage.

there are also clear dates for salary discussions and a clear process.

there is also the issue of RSU and ESPP.

it has nothing to do with being naive or not, as an employee, knowing what you can expect should be obvious , nobody is doing us any favours.

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Post ID: @VZpQfpJ-2rdq

@show me the money

Your bonus was because the company was making money, hopefully the new leadership can help synamedia make money, but it won't happen overnight. Expecting the same perks when the company now has to stand on its own is naive.

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Post ID: @VZpQfpJ-1ikr

I don't understand the moaning comment.

while working for Cisco, my compensation was X (including all types of bonuses and privileges )

now I'm a part of a new company I'm entitled to know what is my compensation, thats not moaning.

and yes if my new compensation is (X -y) I will leave, which is the sensible thing to do.

but they should publish this data as for its pretty important.

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Post ID: @VZpQfpJ-1oqq

Clearly part of the new management team and/or Synamedia HR/Finance

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Post ID: @VZpQfpJ-1vtt

If you are so talented and don't like the pay move on rather than moaning on here.

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Post ID: @VZpQfpJ-1xyd

@VZpQfpJ-xgh

Very short sighted in today's market for engineering talent.

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Post ID: @VZpQfpJ-gtn

They haven't even contacted me for salary confirmation.... just more of the same. My thought is that they are still writing out the compensation plan. They started by retaining and securing the actors of the transition, then they'll be looking at the rest of employees and consultants. TBD....

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Post ID: @VZpQfpJ-xbs

maybe, but they will need to announce some guidelines to when and if there are bonuses.

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Post ID: @VZpQfpJ-jtu

Don't you think that maybe profits are required before asking for bonuses?

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Post ID: @VZpQfpJ-xgh

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