Thread regarding IBM layoffs

The calculated risk

A lot of posts are from people claiming victory in leaving on their own terms: good for them (and I mean it). But there is something to be said for 'hanging in there' if the circumstances warrant it. For example, I was in my mid 50's and sensed the third RA in my division would be coming my way this time around.

In the end I was right, but I had eked out about 4-5 years years of 'stable' employment before the RA. So it's a calculated risk. Do you jump ship and hope your skills are relevant, or do you pump as much money as you can into a pension/401k while it lasts? I suppose it partly comes down to pride. Leave when you want, or swallow the pride and game the system. I'm very happy in being able to last as long as I did, in full knowledge that it wouldn't last forever. I'm now semi-retired.

The old saying goes 'you can't predict the future but you can prepare for it'.

Whichever path you take, good luck.

Felt this was a post that deserves its own thread. Op is @Xfd9jfP-8zpt .

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Post ID: @OP+XnoTC3Q

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I was 60 years old. I have good technical skills but they are not hot skills. I was working in a division that was not making a lot of money. There were many many weeks where i did not contribute one dollar worth of work to IBM because there is no work for me to do. I did not leave iBM because I was not sure if I can get a job. Finally I was RAed. It was a bit sad but it is a relief too. I wanted to retire but I realized I cannot afford medical insurance. It took 3 months to find another job I have to relocate. I am getting similar pay. I have lot of work here to do. I feel I am better off now because I know I am adding value and I don't have to be worried about being RAed.

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Post ID: @1krt+XnoTC3Q

Not sure how you can call IBM a "Stable" employment, they will turn on you in an instant. Start looking and if something good comes up GTFO, you will then have stability and an employer who likely values your contributions.

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Post ID: @1rxu+XnoTC3Q

Very well put. I was same position but chose a different direction.

I was in my mid-50s and wanted to work 10 more years. I figured I would get less than 4 before getting caught in the RA net. I also assumed that IBM would owe me more severance than they would offer in a "package". I had seen what colleagues got and knew you could do better with the help of a lawyer.

The math is pretty simple: To get my due entitlement from IBM I would have to pay a lawyer about $20K to get around $70K more. I would then need to not work for at least 6 months to allow the legal negotiations to run their course. In other words, I would give up $70K in salary to get $70K back from a legal "discussion". Severance would pay for the lawyer. I would net zero dollars in the end.

Instead, I got a better job elsewhere at the same pay with no disruption in income. In my new role, I will happily work 15 more years in an organization that values what I do and is happy to have me.

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Post ID: @qhq+XnoTC3Q

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