57, Non PL
High performer, got far exceeds expectation on my review.
I started looking at the job market about a week after they announced the layoffs. I received an offer that is base around 25% more (pre bonus…) than I’m at now.
I feel like my team is crucial. We are all high level performers.
What are the odds of Schwab countering? Or will they say. Oh ok. Cya
OP here
Blue
It’s with a product vendor as an SME - working directly with their customer
Green employee. It’s fidelity and I asked for it.
Care to share what company is offering you a 25% increase?
Was that their offer or did you negotiate it up?
Are you a Blue or Green employee?
They will not counter and you don’t want to let them know you are quitting before you are laid off as you’ll lose severance. If not laid off - stay? No $ for training/development, they’ll try to convince you how “lucky” you are to be staying and to show your gratitude by working harder, produce more with less, no salary increases and slashed bonus if any. They will be hawkish on RTO rules and try to cram more folks into DEN and DFW (smaller cubicle area). What’s the upside of staying?
Culture and humanity are dead at Schwab. Take that offer and RUN!!!
Use your sick leaves and move out.
First off, congrats on your offer. 25% over your current base means this is an employer that values your worth. I would leave in a heart beat. Even if Schwab offered a counter, which I don't they will given the current situation, is there where you really want to stay? Because chances are their will be further layoffs down the line.
Absolutely no way they counter. Don’t waste your time. Enjoy the new Job, congrats!
I know of few high performing individuals who got offers over 30% recently and did receive counters. However, leaders could not match and they ended up leaving.
People leader here. They won't counter, especially not in the current climate.
@puv+1ohUy3C7 LOL
old and busted vs new hotness ?
Why are you even considering staying? You should run to that 25%.
What is the problem here? of course take the job.
Should I date my old hs gf or date a hot super model who gives great bl_w J_bs?
Not much to think about in either case. You are upgrading my man. Upgrading. Take the job and move-on.
This is what you do: Accept the offer with a start date of Nov 1. Get it in WRITING. Then go to your MD and volunteer to be fired. Tell them you are taking a year off to think things through.
Profit from severance and new job that pays more
As a 57 non-PL , I think it’s unlikely you’ll be laid off, especially as high performer. My advice would be to take the new job and continue to grow while getting paid more.
Sounds like you care about your work and not hanging your team out to try, which is admirable, but change happens all the time and the company will continue to go on without you. You could suggest to your manager “in light in layoffs I think it’s prudent to do some knowledge transfer for mission critical tasks”. If they don’t take you up on it, that’s on them.
Good luck! Wishing you much success!
The severance would be paid whether you get a job or not . You can wait around if possible and collect severance. The policy is very clear unless they offer you something else and cancel the termination . This has been discussed multiple times . Folks with zero idea need to read policy again .
Take the offer. Schwab will cut so many people that your job won't be the same afterward, even if you manage to stay employed there. There will be more cuts after this one. In the current cost-cutting environment, it's not easy to get a raise. If money and job security is what matters most, leave.
If you REALLY love Schwab that much, you can choose to stay and play the odds. But the severage package will not matter if you have another job. It's only for people who are not employed. As soon as you get another job, the severance pay will stop.
can you accept the new job, but also wait around long enough so that you get your severance package? Maybe ask were in October start date?
Your manager may counter… and then may have to lay you off a few weeks later…
Lay offs are going through 2023. And assuming there are no other rounds in 2024 is just an assumption.
I have no idea why you’d want to stay with Schwab at all. Counter or not, move on with your life. It’s only going to get worse from here.
They could counter. But ask yourself this: "Why would I accept their counter? " Zero trust here. And that's not a security model.
OP here
Trying desperately to “let the new employer know I’m mission critical..”
And try giving my notice on the 11th or the 18th
If you can wait for 20 more days , wait . You get axed walk out with a good severance . If not , you walk out . Don’t think it’s gonna be a better for some time . The next one yr is gonna be pretty bad in here .
Right now? They’re looking to lose folks, regardless of how good they are.
Take the money and run!