This is the unfair part. Quite often salary is reduced with the excuse of having stock options. So this is more like a cut in earned salary along with getting fired.

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bsimpson 3 days ago | parent | next [-]

Since moving to NYC, I'm surprisingly close to cashflow neutral. The cost of living is crazy expensive here.

I'm for sure timing my exit based on the vesting schedule.

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tombert 3 days ago | parent [-]

Just an FYI, if you're ok with not being in Manhattan or the cool parts of Brooklyn, it's really not that bad.

I live pretty far east in Brooklyn. I'm still only a few blocks away from a train; apartments in this area, even with a bedroom, can go for less than $2,000/month. Not "cheap" but not unlivable either.

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garbawarb 3 days ago | parent | prev [-]

Pretty vicious. As an employee I wouldn't consider working at Oracle or any company that's done this when there are plenty of companies which, despite layoffs sucking for everyone involved, at least compensate their employees decently when it happens.