Should I exercise options at $8/share? (FMV $9)

I was recently impacted by a layoff so I'm determining if it makes sense to exercise my options. Everyone I've spoken with who has exercised options in the past says to do it.. until I tell them the strike price.

The company initiated the layoff after raising almost $100 million. It seems like a way to cut costs, reach profitability, and get to an exit event ASAP

likehelpful
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a raise just further dilutes your shares. it really depends on if you have priority shares. even if they exit, you have to consider all the people in front of you in line.

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No question, but I wanted to give a huge shoutout to repvue.com that helped me increase my salary by 80% this year. If you know anyone who works in Sales, tell them about it!

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What was discussed in the townhall today

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Thinking having a 24’ HD and a 28’ 4K monitor setup. Is 4K for excel not necessary? How about 28’ monitors?

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Additional Posts in Laid Off in Tech Support Group

What do I say if my employer asks me if I’m looking for other work, or want to know if I plan on leaving at a certain date?

some context - I am a temp to hire, and the company wants to bring me on full time now that my contract with the agency expires this week.

Ps. I am looking for other work, but this job is holding me over.

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Networks have mobilized & documented opportunities - see doc in comments

likehelpful

Everyone! One of my friends company is looking for Product Support Engineer - Fulltime
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Should I be reaching out to recruiters and hiring managers after applying to jobs? I've mostly been applying through LinkedIn, so finding the right person isn't hard. I'm just afraid of coming across as obnoxious!

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Was laid off in Sept. Unfortunately we will be seeing many more coming. It's what happens in a recession. Unfortunately I now also have my age against me. Not in a mentally good place at the moment.

After 6 years of temporary contracts and unstable situations, I find my dream job in my dream company. All of a sudden the world goes upside down and I get laid off. I start sending hundreds of applications, with only 2 recruiters getting back to me to say I don’t have experience for the job (this is how it works in Italy). Add a terrible health situation in my family and it seems there’s no light at the end of the tunnel. Ugh. 😞

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Should I negotiate a severance package even though it’s not in my contract and it’s not required by UK law?

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I’ve been lay off this afternoon because low performance, it just two weeks ago I talked to my manager and told her that she’s micromanaging me a lot and I need more autonomy at my work. I didn’t like what they’ve done to me specially I’ve been redundant from the previous role before joining this company. I cannot sleep please any plan’ action and what to answer for the reason why you leave your company? I’ve been in 3 jobs for the last 2 years.

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6 months pregnant and just laid off. And 40% of my severance was just taken in taxes .. I just spoke with paid family leave and I no longer qualify even though I had been paying into the program (thanks NY).. I already applied for unemployment but doctors are telling me I’ve got 10-14 weeks left in this pregnancy.. so stressed having twins and being unemployed, no maternity leave, no paychecks coming in, and I’ve been applying but not a single interview.. just ugh. 😭

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Hey all!!
Hope you all are doing good.
Can someone share your thought of how to deal with this situation. I am completely lost in terms of my mental health. Not able to overcome and accept this situation. I think this is right place to ask, as we all are going through the same.

likehelpful

Hi everyone. I was a solution engineer at Oracle. I graduated from college in May and this was my first job out of college so the lay offs were pretty rough. I majored in Supply chain management and I have 2 internships under my belt. Do you guys have any advice or tips on what to do moving forward? I would like to stay in tech and I’m giving it a few weeks before I start pivoting to more traditional supply chain roles. Thanks.

likesmart

Follow up post to my last post…My husband was laid off from the company where I also work. I am feeling really isolated / depressed about working and moving forward. I’m also getting to a stage where I’m really sad that people haven’t reached out to either my husband or myself to send well wishes or provide support. It’s like they don’t know what to say or I make them feel awkward so they don’t bother…I’m trying to focus on a few that have been supportive but it’s hard…Any words of advice? 😞

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Hey team! So I was laid off from my SDR position about a week ago. A couple months back, I had an offer for a BDR position that I ended up turning down but I really liked and connected with the manager. Is it worth it to reach out? I applied to other positions in the same company. What about reaching out to previous co workers at a different company? Not sure how to navigate this… please help. Also I’m sorry if this is the wrong bowl to post in.

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Morning! Being laid off sux, I been down this road 5x in my career it never bets easier.

Dust off contacts and make your rounds
* if you’re in a good position to take time off do some, seems we all need a mental break anyway

likeuplifting

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