Better, a lending platform, took a lot of criticism for laying off many employees without notice over a video call. In parallel, the company raised significant financing. Companies let go employees for many reasons – in some cases, there may be a lot of factors behind the scenes. And sometimes, these decisions are directly related to stock options held by the start-up’s employees. Remember, it is in the best interest of all existing stockholders and founders for team members to NOT exercise options.
Terence Channon, Managing Director of Salt Mines Advisors, a Registered Investment Advisor focused on financial planning for start-up founders, investors, and team members talks about what may have been happening behind closed doors at Better.
