3 ms·
I would say get stuck in a downsizing. It is great. You are either going to get a salary increase, acceleration, or more equity so they can retain you. You can
by electic 13y ago
I would say get stuck in a downsizing. It is great. You are either going to get a salary increase, acceleration, or more equity so they can retain you. You can often negotiate a bit here.
Or, you are going to be let go where you get a good severance. Take some time off, understand your mistake, and move on.
- hkmurakami 13y agoWhen I resigned from my last job, my last day coincided with a "reorg" that laid off maybe 3% of the workforce that very day (not a very big company though). I remember a coworker telling me, "Hey man, you should get in on that (so you can get severance)" :P I appreciated his good natured humor :)
- bagels 13y agoThis same exact thing happened to me. Literally on my last day, first thing in the morning was a company wide meeting announcing a 10% layoff, my whole team included. Hard to imagine a more depressing last day. No severance for me, but at least I had a job to go to next.
- tpurves 13y agoPackages are great when you can take a whole package then walk across the street and get a new job the day after. The main problem with this strategy is when the year is 2001 and every company in the tech-industry is going bust at the same time.
- yitchelle 13y agoThat is a pretty big assumption that any of those "benefits" will be offered. The other effect is whether you can handle the downturn in company morale. It is like smiling while the ship is sinking. It is not a good feeling.