OpenAI has dropped its policy requiring employees to stay at the company for six months before their equity begins to vest, the Wall Street Journal reported.
The change follows a similar adjustment in April, when the company shortened the vesting schedule for new hires to six months from the more typical 12 months, WSJ noted. The move mirrors steps taken earlier this year by Elon Musk’s xAI, the report added.
Fidji Simo, OpenAI’s applications chief, told staff last week that the revision is intended to encourage new employees to take risks without worrying about losing their first allocation of shares, according to the WSJ.
