It's not me, but they're 50-52
Take 3 mo severance or work 3 mo?
- Thread starter BMWTurboDzl
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It's not me but they will get 3 months healthcare regardless.
Thanks but it's not me. They're in used IT hardware (30 yrs). Think of a data center which renews all of their Cisco switches every three years. A company buys and resells them.
How many people in his company will be let go? If it’s quite a large number, like I said earlier, the sudden competition is something to think about. I would want to be ahead of that curb.
I don’t think that being out of a job would impact future prospects. I’m pretty sure most in the industry would be aware of the layoffs and taking severance is nothing new.
I don’t think that being out of a job would impact future prospects. I’m pretty sure most in the industry would be aware of the layoffs and taking severance is nothing new.
If there are rounds of layoffs being out the door first is better. At one mining company I worked at, there were several rounds of lay offs and those who got laid off first sometimes got really good jobs.
Layoffs often have a demoralizing effect on the remaining employees. It's better to be gone.
Layoffs often have a demoralizing effect on the remaining employees. It's better to be gone.
I haven't hired people in a while - but when I did 3 months out of work was no big deal honestly. You were generally leary of the long term unemployed.
Your new full time job is to find a job. And trust me, it will be the hardest job you have ever had. I was in the same boat just as the Great Financial Crisis got started. There were employers that kept asking "if you were so successful why did they let you go". Uhh, because they let everyone like me go dimwit. As it turns out, those were people I am glad I didn't go to work for - they liked to cycle through people I found out later.
Take the money. Work as hard as you can to find a job in the next 90 days. I honestly think things are going to be much worse for everyone in 180 days.
Your new full time job is to find a job. And trust me, it will be the hardest job you have ever had. I was in the same boat just as the Great Financial Crisis got started. There were employers that kept asking "if you were so successful why did they let you go". Uhh, because they let everyone like me go dimwit. As it turns out, those were people I am glad I didn't go to work for - they liked to cycle through people I found out later.
Take the money. Work as hard as you can to find a job in the next 90 days. I honestly think things are going to be much worse for everyone in 180 days.
Lump sum is the only answer here since there is no benefit to stay and "work."
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Take the severance and start job hunting. Lest you miss out on a job opportunity one of your coworkers who DID take the severance got.
Ok, I do not understand, good luck though
Bell just went off.
If your still getting healthcare, I think your technically still on the payroll. You may not get a lump sum - you might simply keep getting your check for 90 days.
You should check with HR to find out when the end of your actual employment will be - ie you can't apply for unemployment until your officially gone.
It may be that you can say your still there for 90 days.
If your still getting healthcare, I think your technically still on the payroll. You may not get a lump sum - you might simply keep getting your check for 90 days.
You should check with HR to find out when the end of your actual employment will be - ie you can't apply for unemployment until your officially gone.
It may be that you can say your still there for 90 days.
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I didn’t understand that myself. I consider myself to have a high work ethic, sometimes today working in the office and 60 hours, when 5/7 of my team are 100% remote and if you get 15 hrs a week out of them we’re lucky. But if I could get paid 3 mos for not working, or working, I’d “not”
Work and spend that time either looking for a better, part time, or other job. Maybe I’d volunteer.
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I genuinely don’t think that’s a concern. The last 10 years have been either a person is needed for an immediate role, or they aren’t. At least that’s my perception.
I was in telecom though 2015 and my entire dept was axed. I was allowed to transition at my salary. There’s no way another co would have done that. But I landed on my feet doing something new (dunno how to explain but take a costco warehouse and make it 7x bigger, in 2015 inset those up). 2019? You guessed yet another role. I’d take the severance and keep an open mind. A person has to bring value these days. Imho wfh 5-15 hrs a week is grandfathered and eventually those folks will be axed. Jmoymmv
I know a few ex employees of my company who chose the "continue to work" option when they were posed with the same 2 options. Their details must have had some kind of benefit, I cant fathom loyalty.
That's always been my theory. I just take whatever job and then look for something better. I hate seeing the money I worked to save go to everyday bills. Finding a job isn't hard, finding a good job is
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Could it possibly be that they are being considered to be kept on? No matter what anybody says, the word on the street is that at my co wfh people are not productive.
My buddy who works at a worldwide insurance co got another full time remote job while working the normal remote 100% job. This was clearly considered unethical 20 years ago. A lot has changed. I told him not to be so open about it and he goes you’re probably right, and he stopped bragging. Nobody needs to know you’re doing that.
My wife is work-from-home computer programmer and her language is MUMPS. (You'll have to Wiki that one)
About a dozen years ago, all satellite employees got the axe from her old employer, herself included. She got a super nice severance with the condition that she wouldn't work for any of her old competitors. She managed to find a new job rather quickly because MUMPS programmers are now in very short supply. (I will note here that she gets 3-5 lures thrown past her on LinkedIn per week) But her old employer soon regretted the mass layoff, tried to get her back and found out (through the grapevine) that she was again working, but wasn't employed by a competitor. They sent her a company lawyer letterhead saying she signed a statement not to work (not true, just not for their competitors) and threatened her with legal action. My wife sent a letter back from a local attorney that politely said "Bring it on!" and she never heard from them again.
My opinion is to take the severance.
About a dozen years ago, all satellite employees got the axe from her old employer, herself included. She got a super nice severance with the condition that she wouldn't work for any of her old competitors. She managed to find a new job rather quickly because MUMPS programmers are now in very short supply. (I will note here that she gets 3-5 lures thrown past her on LinkedIn per week) But her old employer soon regretted the mass layoff, tried to get her back and found out (through the grapevine) that she was again working, but wasn't employed by a competitor. They sent her a company lawyer letterhead saying she signed a statement not to work (not true, just not for their competitors) and threatened her with legal action. My wife sent a letter back from a local attorney that politely said "Bring it on!" and she never heard from them again.
My opinion is to take the severance.
I'm actively hiring and have phone screened and/or interviewed at least 12 people. Some were employed and some where not. Didn't make any difference to me. We all know the job market and good people are getting laid off. What I didn't like was anyone dancing around whether or not they were currently employed. Honesty and transparency is very important to me when evaluating a candidate.
If you get the lump sum, can you also file for unemployment? Sounds like a win/win/win. Get money, get unemployment, and get devote all your time to job hunting. Highly recommend that you get your references lined up. The higher in management, the better.
I've wondered about that. LOL. I'm 100% wfh. So is most of my company. We get a lot of work done. There was someone that we worked with that was very active between 6am to 9am and then from 5pm to 8pm. We always joked that he had another full time job. He disappeared from our company suddenly one day.
Thanks gents. They're going to take the severance. It makes the most sense and would be better for their mental health.
