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> Not promising equity if you do sell can be a sensible decision, because you keep more of the money to yourself. As long as you're transparant about not selling

Yes it’s always sensible to take more money for yourself lol. But they weren’t transparent about not selling (they said they wouldn’t and then they did so they lied). Hence why the employees feel screwed

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Why do employees feel screwed? They didn't have equity. Why does it matter?

Have you ever been part of a company that was acquired (by a hideous corporate behemoth no less)? It’s fucking horrible. Suddenly you find that requesting a new pen is a 3 day process and the previously free coffee in the cantina now costs 20 cents.

Fair enough.

They are free to quit and find other jobs aren’t they?

Yes anyone who is screwed out of millions is free to quit. But it doesn’t make it less unethical or remove the sting. Now they need to go on a hunt for a new job instead of retiring.

Or they changed their mind (which they are entitled to do).

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