2 ms·
Severance packages can be good, but you don't want to be the last to leave. I stayed at a company until the bitter end (Chap 11) and got almost no severance.
by georgeecollins 13y ago
Severance packages can be good, but you don't want to be the last to leave. I stayed at a company until the bitter end (Chap 11) and got almost no severance. I would have made more money in absolute terms if I had been sacked in the last round of layoffs. I thought I was skilled to avoid the layoffs but really it cost me money.
You want to be the second to last to leave.
- hkmurakami 13y agoI'm wondering: is it better to be one of the first to get sacked or the second to last? It'd seem like the company would have more resources to "pay out" for the earlier rounds, gradually decreasing as the rounds go on. Besides, you probably want to get out of a failing company, and provided that you are competent (though increased competence would in reality lessen the chances of your getting sacked in the first round) I'd think that you'd prefer to get your severance and get out asap.
- tsotha 13y agoHeh. Yeah, that's an irony I've seen up close. The worst employees get the best severance, because the company still has money in the first round of layoffs.