OT:layoff bros

[Herbie]

Work is offering a set out amount of buyouts with 4 months pay.

Take the buyout or roll the dice and see what happens?

 

[Jay Bilzerian]

With the country teetering in recession territory? Hard no

 

[Ext. 55]

They get people to take the buy out so they can afford to keep the rest longer term. Get the people out the door who don’t want to be there and lean on those who do…

 

[Herbie]

With the country teetering in recession territory? Hard no

Haven’t we been teetering with a recession for a decade now.
Company has been trying to hit profitability vs ebdita this year but this quarter has been a giant turd. And the ceo has sold 75% of this stock this year.
Me thinks they are just trying a short term stop gap make the company look more profitable and be bought out

 

[2010sarenevercomingback]

Depends on a lot, IMO, including your replaceability in your employer's eyes.

 

[Herbie]

I think imma take it.
If I don’t and they don’t get enough people to take the offer I imagine they will do layoffs with a much worse compensation package. Plus I don’t feel like having to constantly look over my back to see what’s happening and if more will come while doing 3x the work.

 

[cwessel76]

Unless you have something lined up to replace your current employer I would stay.

Regardless, I would start looking around anyway. You owe nothing to your employer.

 

[Mavsker]

When my previous employer did this, most of the folks with good job prospects who stayed ended up wishing they'd taken the buyout.
Because what followed was several years of layoffs with increasingly worse severance packages, and everyone that stayed had a lot of extra work to do.
Idk how long the deal is on the table for but I'd say to try to get another job lined up and if you can, take it.

 

[Ext. 55]

I might also suggest you buy a lottery ticket and win the lottery. That's a good out too. Life changing actually.

 

[Herbie]

When my previous employer did this, most of the folks with good job prospects who stayed ended up wishing they'd taken the buyout.
Because what followed was several years of layoffs with increasingly worse severance packages, and everyone that stayed had a lot of extra work to do.
Idk how long the deal is on the table for but I'd say to try to get another job lined up and if you can, take it.

They gave a deadline of Monday morning

 

[HughJanus]

I would also take it. If they're doing layoffs I wouldn't expect much in terms of pay increases in the near future either. Take 4 months to find a more stable company.

 

[Baron Winnebago]

I'm no expert, but it seems like your choice is to take a sweet 4 months of cash now or hang around for a while and be overworked and then get laid off with nothing later.

 

[1HuskerDad]

What kind of job are you doing?

 

[Frogsker30]

take the vacation

 

[Eaton Beaver]

Fuck them! Take the cash and find another job! Thousands of them out there.

 

[GAHusker]

I'm no expert, but it seems like your choice is to take a sweet 4 months of cash now or hang around for a while and be overworked and then get laid off with nothing later.

Or stay and apply like crazy to other jobs. One positive to staying is that you never have to answer on an application that you’ve been laid off

 

[Baron Winnebago]

Or stay and apply like crazy to other jobs. One positive to staying is that you never have to answer on an application that you’ve been laid off

If you take a buyout to leave were you laid off? I have no idea as I am not an expert.

 

[LoudHogRider]

Work is offering a set out amount of buyouts with 4 months pay.

Take the buyout or roll the dice and see what happens?

 

[HCFord1]

If you take a buyout to leave were you laid off? I have no idea as I am not an expert.

No. You resigned.

 

[Dr.DrakeRamoray]

100% take it and get out