The only question is how. I'm still here because I'm waiting to see if I can get laid off with a severance package. I don't want to quit and then find out I could have gotten something if I'd just waited a little longer.
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The question is how they will shed numbers- through PIP or layoffs or both. You have to weigh your opportunity cost with what you would be doing with that time. If you’re looking for another job, cut bait and invest that time in a new company where the years of service are more valuable. Otherwise if you stay you have to deal with the stress of knowing you’re just waiting to leave. Are you biding your time or wasting it?
@az
This is interesting info, and it makes sense. If they lay people off through 5% yearly reductions, there will be no severance. It will be a PIP and a kick in the @$$ on your way out the door. I am disappointed because after 20+ years working at Chevron, I was hoping I will get the traditional 2 weeks per year of service. The days of the "Golden Parachute" are over, except of course if you are on the "friends and family" program.
If you’re in IT, be patients and take the severance. There has to be an event to cut the number of jobs needed in the US.
LC needs to meet his numbers that he signed up for. Vast majority of AK’s department will go offshore in the next 1-3 years
The 30% will be over 6 years. 5% per year through forced ranking firings.
Yeah, sure, you and everyone else who posts on this site. Why is this news?
I'm waiting to win the lottery then I will quit working all together.
Yawn......
@a3 30% of the whole company or just certain departments. Where have you heard this?
Me too!
@OP just wait another ~6months. 30% cuts ahead of us.