I was determined to quit ASAP but the constant layoffs have changed my mind. Why would I leave when severance is an option? I can't think of one reason why anymore. I'm planning to do only what I have to (no more going the extra mile, no more offering to help - I'll just do my immediate job and that's it) until it's my turn. Then I get to walk away with a payout. Where's the downside?
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I would not burn any bridges, or reference oops, right now. Do look around, update your resume, interview - you have an income now and benefits, you can be picky. Once you are laid off it will be a huge change for you and you just got tossed in a huge pool of other laid off people. If anything, start networking now.
Wait. They are flattening the org today.
What ways do they torture folks to get them to quit.
This downside is that your leaving time may not be a great time to look for a job. Economic downturns can last a very long time. Jobs are not always plentiful. If you are offered a dream job today, I would take it and forget about severance. You can afford to be picky and get a huge raise too. If you can get a 40% raise, that would also impact the decision. Banks always pay low although it seems that most bank employees are unaware of this.
Be careful not to burn any bridges though…references and recommendations are still a thing!
Always leave on good terms in case you need a reference in the future.
At least don't quit until you make management's life as miserable as possible. F-up as much as you can and then quit if you want to. Or if they lay you off, at least you got some satisfaction before exiting.
Yep, why quit if you're going to receive a severance payout. In addition, you can apply for state unemployment, money you have been chipping in all these working years. Take a couple of months off to enjoy the rest of the summer.
Take the severance payout and invest in dividend stocks or day trade. Chill, there are a lot of ways to replace your lost income.
Yea look for something new but make them sever you! They are definitely trying to torture some folks into quitting rather than having to sever them.
Implement your strategy but at the same time start looking for and applying for comparable or better jobs right now. There is a lot of uncertainty now, across the board, for all businesses. Expect it to only get worse over the next year because inflation isn't going away.
Always be working on a plan b.