Yeah that’s the exercise I fear they did, especially if management believes they have more recruiting leverage now than before due to slowdowns in hiring.
At anything like recent valuations, I will have done quite well, but if this kind of tomfoolery is really part of the game then it needs to be much more well known among prospective employees.
Thank you for your advice. I am indeed an at-will employee and agree it gives my employer considerable latitude to terminate employment. I am most interested in whether this is a type of outcome which actually occurs in the industry, since that would radically change my assessment of startup compensation. I would basically never work for one again, since my opportunity cost is considerable, and I have no control over getting stiffed in the unlikely event I work at a successful company.
