Skyline photo of Manhattan, NY
Cyclists ride along the pedestrian path of the Brooklyn Bridge in New York City on a clear day. The bridge’s iconic stone towers and suspension cables frame the scene, while the Manhattan Bridge and East River are visible to the left. City buildings rise in the background, and several pedestrians walk in the distance.
everyday people crossing at intersection in NYC
Street scene in New York City’s Little Italy, with a man on a bicycle in the foreground riding through an intersection. Pedestrians cross the street near outdoor tables at Caffe Napoli, which is decorated with holiday lights and greenery. Nearby, the restaurant Puglia and a row of historic buildings with fire escapes line the background under a pale sky.
NY Skyline at dusk
May 19, 2022

Legal News

POP LEGAL
May 19, 2022

The Technology Crash of 2022 and Jobs

multibillion-dollar powerhouse.   According to Bloomberg, this quarter the number of tech companies going public is set to be the lowest since 2016 and Venture-backed companies that have gone public in the last two years have lost about half their value this year.  

Even though we have been hearing about record level demand for workers, how long will this trend last in light of general market trends and more specifically the bloodbath in the technology sector and persisting inflation?  Only time will tell, but this is as good a time as any to understand what will happen to your equity in the company if it fails to go public or if you are terminated prior to vesting.  This could also be a good time to understand what other restrictions may impact your next employment opportunity including restrictive covenants and non-disclosure agreements.

If you are employed in a sector that raises such issues for you, reach out to the attorneys at Outside Legal Counsel LLP to understand what your rights and options are.

This is not legal advise and is attorney advertising.

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