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Why not a wedge of cash to stay? That's what happened in one business I worked in but got bought out like this. We got told things would change, they needed ou
by alan_cx 13y ago
Why not a wedge of cash to stay? That's what happened in one business I worked in but got bought out like this.
We got told things would change, they needed our co-operation, it would mean possibly working a bit harder and getting used to new practices. So, here's a lump sum.
BTW, only a very small number took the money and left afterwards. Problem they had was that in the industry, the deal was well known. Apparently interviews for some other firms in the same sector were awkward. "So, Mr Smith, you took the hand out a month ago, but here you are interviewing for us. Please tell us your opinions on loyalty?"
- _delirium 13y agoThe company probably just wants to downsize, in which case offering people money to stay would be the wrong incentive. Voluntary severance packages are often offered when a company wants to get rid of staff without overt layoffs. Sometimes followed by layoffs anyway, if not enough people take the offer. The phrasing here makes it sound related to post-merger culture, but that letter is written in Corporate Newspeak, a dialect of English that is sometimes tricky to translate.