Cruise suspends employee stock program

Question

Gotta imagine big layoffs are incoming for Cruise. Some employees could be at a loss easily north of $100,000

https://techcrunch.com/2023/11/16/cruise-suspends-employee-stock-program-corp-bonuses-moved-up/

Yamaha · Accepted Answer

"To that point, Cruise issued a surprise company holiday for tomorrow to ostensibly boost morale among employees who have expressed disappointment in the plan."

It's okay though, they get a pizza party.

zuhayeer · Answer

Oh wow, their RLO program was one of the best programs I've seen to offer liquidity to employees through an official channel. Can't imagine employees are happy to see their equity get locked up.

nyxtom · Answer

There has been such internal backlash from this.

Cruise suspends employee stock program

Cruise suspends employee stock program, corp bonuses moved up | TechCrunch

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