I'm curious, why would you leave Symantec on your own right now? There are two options you are looking at: continued employment under Broadcom or a nice severance package to help you start over.
If your goal is to leave, why not just wait until you know if you'll be getting a severance package or not? It seems like a waste of a perfectly good safety net to me...
@8fbi people that say "People just quitting are fools" are w—rrs.
People just quitting are fools. They have been guided by unreason and fear.
Shop for a job now, try to delay start date until after the next round of RIFs so that you get the best chance of getting the severance package while having secured your future.
Seems to me that its likely to beat the rush of RIFs out the door. The advice to stay or go largely depends on where you are at, and what you do currently. Saying that someone is making a mistake is ill-informed and self-serving. Everyone is going to do what they think is best.
"... one year transition, then you get a 2 weeks salary for every month in transition ..."
Don't forget that Lamborghini and massive waterfront estate they'll be giving everyone as well.
Best case scenario, one year transition, then you get a 2 weeks salary for every month in transition. Roll out with your transition bonus and possible a heavy severance check if you've been a "lifer" at Symantec! It does take about 60days for the payout so that s—s but other than that this is best case.
This isn't the worse part. As a former CA wait until you are in a TRANSITION role and have to knowledge transfer everything to your India counterpart knowing you will be TERMINATED at the end. My advice GET OUT now when you still have your dignity.
@erw keep telling yourself that but companies most certainly look at seperation reason and weigh that into decision to interview or hire. the bad stigma applies to executives all the way down to workers, why would you think that is different?
@1cnu if you can live a year on 2 month severance you are the exception, guess you are in management?
Let me see: stick around for a 2-month severance (pardon the reality check) and then be out of work for a year or find a good job now with no interruption of income. Can I have 3 nanoseconds to think this one through?
If you wait to find out what happens, you run the risk of being dumped into the job market along with several thousand colleagues at the time of year where the job market is slow (Oct-Jan).
Smart people are already shopping.
Lazy/too comfortable people are in for a rough ride and a rude awakening.
I think the situation will be different for some folks vs others. If you’ve been with the company for a really long time, I think it would be worth it to wait and see what happens. If you’ve only been with the company for, let’s say 3 years or less, it would be smart to look now unless if you’re that pumped and eager to potentially work for Broadcom.
Everyone should start looking for a new job. It can take a couple of months to find a good fit. Once you have a verbal offer and are negotiating the package, if possible, ask for a start date which is after when you think the next round of RIFs will be.
This is the best strategy. It gives you the opportunity to negotiate a better package with a new company, maximises your chances of getting the severance package, secures your future employment and allows you to take extended time off. Start your new job refreshed, happy and with energy. The worst case scenario is that you have to quit a (day?, week?) before you start the new position, missing out on the severance package.
Completely disagree with the stigma comment. When companies cut 50% or more of their workforces, most companies know that who stays and who goes bear little relationship to the worth of the individual Perhaps the stigma issue was important a decade ago, but the world has changes.
There is bad stigma with being laid off. Prospective new employers will think you are undesirable or did not act with the best intention knowing the uncertainty ahead. This can show poor judgement on oneself. Quitting puts you in control of the situation avoiding this outcome altogether.
There's nothing that prevents you from looking now without quitting first. Once you leave, you lose the opportunity to get severance. So why give up that possibility beforehand.
Same thing happened at CA, I watched people with insignificant severance stand up at their desk pack all there belongings and leave in September and October before the market was flooded. They also knew what was coming which turned out to be a bloodbath. 2000+ were layed off DAY1, 1200 more in transition. Most of the tranisition employees are gone now so there are only about 1800 left for CA, now BRCM in NA. Another 6000+ offshore. CA was a company of 11,000, think about that.
Some folks are virtually guaranteed Broadcom offers (like this guy @10KZns3W), but some may not want the Broadcom position due to office moves, etc. So if severance isn't an option, why wait?
If you can get a position now you should. It's enticing to stay, but it can cost you if you can't find anything during your RIF. It can be a gamble. It also depends how much severance you get. Some people have been here for a long time, so it would be worth it to them to wait.
Well some of us have been interviewing already and as positions are offered at newco your choice is to accept and know your future or stay and keep smoking the hopium. Also once more people hit the street more competition for jobs. I’d rather be in control of my future than be dictated to me. A couple months of severance isn’t life changing.
It’s better to get a new position while having a job than taking a risk if in the RIF. There will be quite a few people looking to make a move after the RIF. Better to look and line up a position you want rather than one you have to take when options are limited.
At least that’s what people who are actively trying to leave are telling me. I’m not at that point yet, but that scenario is something I have considered.