There is crash and mass unemployment coming
wise forecast @aq, I agree
be ready, save as mush as you can, invest wisely, strictly do not buy anything not needed, chill as things are not in our control and enjoy life with family and friends
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Including healthcare? ...
@a7 what Microsoft did yesterday. Offered 60k employees the option to resign at end of year.
@am Yes, probably in December. There are a lot of reasons for them to offer a buyout.
- costs about the same as a layoff
- less bad press
- typically people on visas are not eligible so they get to keep the cheaper employees without the fear of government penalties. The people leaving chose to go.
If they offer a buyout and you don't take it you will likely end up in a layoff with less severance. At this point I would ride it out and see what happens. @aq stated it well.
Usually if you accept a VOB is disqualifies your from unemployment
I won't. And I won't be sending out resume in advance.
There is crash and mass unemployment coming, and it won't just hit Oracle. I will take my chances here, where I got some standing vs some random company where I will be a fresh meat and first to cut.
VOB voluntary buyout before next US and India layoffs?
What is VOB?