# Manage employee departures with easy offboarding

06 December 2024

Update by  
**Aaron Blakemore**  
Senior Product Manager

When team members leave your company, managing their equity shouldn't be a manual headache. Our new offboarding feature automates the complex process of terminating equity grants, ensuring accuracy and compliance every time.

## What's new:

- Smart stakeholder selection and automated communications
- Manage all grants across ESOPs, RSUs, and RSAs in one step
- Intelligent vesting termination based on termination dates
- Flexible PTEP management
- Automated lapsing and buy-backs

Simply select the employee you're offboarding, set their off-boarding date, choose your communication preferences, and the system automatically processes all their equity grants—ESOPs, RSUs, and RSAs—based on their termination date and your company's policies.

[See more updates](/content/changelog/offboarding-employees/index.html)  
[**Cake on your team's home screen, with push notifications**](/content/changelog/cake-on-your-teams-home-screen-with-push-notifications/index.html)

[**Cash bonuses your team can see and work towards**](/content/changelog/cash-bonuses-your-team-can-see-and-work-towards/index.html)

[**Lists: keep your stakeholder groups up to date automatically**](/content/changelog/lists-keep-your-stakeholder-groups-up-to-date-automatically/index.html)

## Equity doesn't have to be complicated. Join Cake today to see for yourself!