Layoffs after acquisition are sure to happen in UC business. Lucky by chance directors are very political guys. Start chatugiri to stay in Avaya. A big disaster is on the way.
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He could foresee the end of Avaya. Good decision.
Cat is out of bag finally , PP leaving .
The only event horizon i see is that wire puller guy unboxing phones and plugging them in! Kinda hysterical actually that that's the type of person Avaya and Lucent actually hired back then. Not too far off as i was one of those guys hired in 1997 but laid off in 2000. I remember Uniondale Schools in new york and the oh so smart guys on that project! I joined the NYPD in 2001 and plan to legitimately retire in 3 years. Avaya taught me plenty and i seriously do not know how anyone survived this long.
I would like to get a job at Aveaya i here that thry have unlimited sick time and you font need to no a lot you can call teknition support and they dial in and fix four you.
"Put 401k on hold to stash even more cash just in case: (no company match): Once the economy soured and we realized a layoff might be imminent we stopped contributing to my 401k (no match) and started stashing cash away faster. I'm glad we did."
Even if you are paranoid about getting laid off, this is not a good idea, especially when the company matches part of this. Worst case, you withdraw early and pay taxes and a 10% penalty for early withdraw. Plus, maybe all your paranoia is just wrong and someday you will need to retire. So, putting this off for a sunny day seems like a bad idea.
The best thing to ever happen is to get laid off, it forces you out of the toxic environment, i got a job immediately after taking the package and am rather ahead of the game financially now. Still getting paid by Avaya with 6 months to go or so.
So what can you do to plan ahead for the possibility that you may be laid off sometime this year? Here are some of the steps that we've taken in the last year.
Stopped spending more than we make: We've setup a budget, and we know what we're spending and when. We make sure that we're never spending more than we make – we're able to save every month.
Stopped using credit cards: No more paying for things on credit. We save up and pay cash, and never end up having to pay interest.
Set up a zero based budget: we setup a zero based budget so that every dollar had a job whether it was paying for utilities, the mortgage, or going into a savings account.
Saved $1000 emergency fund: We saved a baby emergency fund of $1000 for those small emergencies like car repair, smaller doctor's visits, emergency vet visits, etc.
Paid off all debts except our mortgage: All of our student loan and auto loan debt has been paid off. Without it we feel so much more free!
Started saving 3-6 months of expenses: (we're over half way there!) We're saving up 6 months of expenses in case something like a layoff were to happen. Having the cushion saved really helps us sleep better at night.
Put 401k on hold to stash even more cash just in case: (no company match): Once the economy soured and we realized a layoff might be imminent we stopped contributing to my 401k (no match) and started stashing cash away faster. I'm glad we did.
This is a Schrodinger's cat....it is both dead and alive..so like everyone else you have no clue...the matter however is of extreme gravity..sort of like a black hole...don't get s---ed into its uncertainty...for the probability of escape diminishes exponentially as you approach the event horizon...so lets keep the time continuum flowing and get back to work....