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

17 replies (most recent on top)

Yeh not traded publicly like Cisco but IPO is the plan so there's nothing stopping granting of options. Won't cost the company anything and will help to create some sense of ownership which is severely lacking right now. You reading this SynaHR? I really hope so.

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Post ID: @VZpQfpJ-5gkah

these questions are silly.

Bonuses - why? why does anyone think they should get one? Does the overall company performance justify it?
RSUs - not relevant, you are no longer in Cisco
ESPP ditto

and why do you think that anyone has any obligation to tell you about these things or to give you them?

There is no profit to share. There is no success. You can share in that if you like.

What are you going to do if you don't like it? leave.

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Post ID: @VZpQfpJ-5guwo

Pay reductions soon. Will have to reapply for Sam job but less salary. “Do more with less”.

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Post ID: @VZpQfpJ-5gxte

New hires in Staines were being told that some kind of equity program is in the works.

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Post ID: @VZpQfpJ-5bfjr

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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