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One thing I learned the hard way a couple of years ago - when the company starts cutting back, you're better off being in the first couple of rounds of layoffs
by commandlinefan 8y ago
One thing I learned the hard way a couple of years ago - when the company starts cutting back, you're better off being in the first couple of rounds of layoffs than being a "nonexpendable" who they hang on to until the bitter end. I was at a struggling startup that went through round after round of layoffs, offering generous severance packages in each round, until there were only like 10 of us left. Then one day they completely ran out of money and I showed up and the doors were locked and there was a note informing us that we were unemployed effective immediately and we would be paid out the remainder of the week.
- hinkley 8y agoFirst round. You aren't competing with your colleagues for jobs, you don't have to deal with survivor's guilt, and generally the severance will be better (or exist at all) because they either feel guilty or are still interested in virtue signalling by making sure you're taken care of. The main downside of first round is explaining why you were in the first round.