This is better than standard in the US but I'm not sure I'd be happy if I was one of the laid off employees.
That 3.5 months and healthcare buys them some time to start interviewing and line up new work. However, they're competing with everyone else that's been laid off recently. There's another article on HN right now about Lyft laying off staff. Meta is getting pummeled in the stock market right now and Google has recently had hiring freezes. I'm not sure now is a good time to be looking for tech work in SF.
Unused PTO should be paid out. That was already earned by the employees.
Accelerated vesting is only good if you can afford to use it. How long do they have to exercise their options? What's the secondary market like right now for Stripe stock? Are they allowed to sell stock currently or required to hold it? In a worst case scenario, people could be unable to exercise their options because they don't have the savings to cover the tax bill and want to hold onto cash because they're unemployed and need the liquidity.
As for healthcare benefits, that's a result of a very broken system in the US and not something that should be celebrated.
That 3.5 months and healthcare buys them some time to start interviewing and line up new work. However, they're competing with everyone else that's been laid off recently. There's another article on HN right now about Lyft laying off staff. Meta is getting pummeled in the stock market right now and Google has recently had hiring freezes. I'm not sure now is a good time to be looking for tech work in SF.
Unused PTO should be paid out. That was already earned by the employees.
Accelerated vesting is only good if you can afford to use it. How long do they have to exercise their options? What's the secondary market like right now for Stripe stock? Are they allowed to sell stock currently or required to hold it? In a worst case scenario, people could be unable to exercise their options because they don't have the savings to cover the tax bill and want to hold onto cash because they're unemployed and need the liquidity.
As for healthcare benefits, that's a result of a very broken system in the US and not something that should be celebrated.