In addition to normal things that suck about layoffs another thing I don't like about the layoffs from Lyft, Coinbase and Stripe is their equity policy. All of them went from fixing the 4 year grant on day one to a fixed yearly dollar value making the # of units you get every year variable. Obviously this only applied to ICs and not directors. Stock goes up you get fewer units, stock goes down you get more units. They said this is to help the employee during a downtime, but during downtimes they just end up laying people off.