71–80 of 90 posts
For the RSUs. Is there a buy-back program for shares? Taxes on these far out weigh the benefit. Carta with $150m of revenue is not worth over $1B and is closer to $500m if it went public right now. Use other fintechs that went public for comparison like Robinhood, Coinbase, Toast etc.
Most RSUs are double trigger and don't trigger taxes till an actual liquidity event
Carta always talks about how it imagines itself as a sports team. When the team is doing badly, don't they usually fire the head coach? I guess they aren't willing to take the analogy that far, they just like the bit about expecting everyone to be a superstar.
They fired and sued the CEO, which means they should probably have noticed something before having to fire 10% of the company.
[1]: https://www.teamblind.com/post/Carta-announcing-layoffs-and-...
According to Blind the CTO was also fired and is being sued by the company > eShares Inc. d/b/a Carta Inc. filed a breach-of-contract and trade secrets lawsuit against former CTO Jerry O. Talton III on Friday in New York Southern District Court. The suit, brought by Dechert, accuses the defendant of leaking private, privileged and confidential info to outside parties in order to induce and assist legal claims against…
I always wondered how American companies lay off European employees (when the companies have branches in European countries). Usually, in Europe, you cannot just fire someone without a justified reason (and no, saving costs is not a justified reason). Such reason are usually: the employee did something illegal (data leaks, sell internal information, etc.) or something related to harassing other employees. Even with b…
This is incorrect. Every jurisdiction allows for laying people off to reduce costs. This is the primary thing a business is supposed to do -- hire when there is more work and fire when there is less work.
The only requirements in the EU are notification periods and filing the appropriate paperwork for mass layoffs -- known euphemistically as "collective redundancies". See here: https://europa.eu/youreurope/business/human-resources/employ...
Moreover European companies lay people off all the time during downturns as does everyone else.
As an immigrant who got laid off this year, I am hating on every company that doesn't offer to keep you on payroll with the severance money
I always wondered how American companies lay off European employees (when the companies have branches in European countries). Usually, in Europe, you cannot just fire someone without a justified reason (and no, saving costs is not a justified reason). Such reason are usually: the employee did something illegal (data leaks, sell internal information, etc.) or something related to harassing other employees. Even with b…
I find it strange that the incentives for self-departure are weaker than for non-voluntary departure. Usually it's the other way around, or maybe just where I come from. What's the logic behind incentivising people to not quit?
I was about to ask the same thing. Why would someone leave voluntarily for worse benefits?
Either way, I'm more curious about those airtight NDAs on the way out
Earlier quoted context omitted.
The only tangible benefit would be to keep people on payroll instead of severance which would more than double the time they have available to find the next job
There's a new ruling for H-1B visa holder with I-140 approved.
"Visa holders get one 30-minute paid consultation with an immigration attorney" wow
I think it basically means they can’t answer visa related questions so anything they can’t answer gets punted to this consult. It’s a consideration that they’ll have lots of questions that would have been “I don’t know, go find an attorney.” So now it’s “we paid this attorney to answer you up to 30 minutes.” Visa holders are extra hosed during layoffs, but there’s not really any way to avoid this as you can’t favor v…