Bright-Midnight24's journey

I'm currently working at a company that has a policy to distribute a portion of sale proceeds to employees based on their tenure. As we approach a potential sale, I'm concerned about how this might affect job security, particularly for those of us nearing the 10-year mark. I've heard rumors that companies might lay off employees who are close to reaching these milestones to avoid hefty payouts. I'm looking for insights or experiences from others who have been in similar situations. Do companies typically lay off long-tenured employees before a sale, or do they handle it differently?