"Employers who fail to provide notification must provide their laid-off employees with back pay and benefits for the period of the violation (which means the amount of time by which their advance notice fell short of 60 days)."
The value of ripping off the Band-Aid could easily be worth two months of severance in his mind.
My understanding is that this was a take private so all stock was acquired already (ie vested options get paid and unvested get terminated at Close).
This is exactly what would happen if you acquired our company. It’s not like a purchaser would have the honor long term vesting schedules. They bought everything already that was available to be sold. Those who didn’t vest were dragged along into the deal.
That is a terrible deal. I've worked at a company where all outstanding RSUs would vest immediately at the time of purchase; was that an unusual arrangement?