I was laid off from the BAC Home Loans in 2015 as part of a major downsizing after working at the company for 10 years. Fortunately, I saved up quite a bit of my income and my performance bonuses years before the layoff so I landed softly.
My Executive gave me a 45 day advance notice of the layoff and I was offered the opportunity to transition to another role (lateral) within the bank that I turned down. After leaving I took an entire year off from work to travel and smell the roses.
The Bank culture had poisoned my spirit over the year. After the year away from the workforce, I began working at another company to which I have been there now for 2 years. Truly I can say that leaving the Bank was the best thing for my career. I am making 40% more than I was as a BAC “VP” and no longer have the feeling of loyalty to any company.
Go where you feel beneficial. And when you no longer feel that way, move on.