
Originally Posted by
Rasulis
Most Twitter employees should not have any immediate financial issues from getting laid off. According to LinkedIn, starting Twitter engineers compensation package include 11,000 restricted stock units which become unrestricted over a period of 4 years. At $54.30 per share that Musk paid for Twitter, that’s $597,300.
Furthermore, despite all the news about tech companies laying off people, IT sector unemployment in the Bay Area at 1.5% is pretty low. So far, it appears that as soon as they were laid off, people were finding new jobs in relatively short amount of time. Bay Area tech sector, even companies like Google and Apple, has high turnover rate anyway. Tech employees are always looking for the next big thing.