I think there are more people who would like to be laid off, than those who are anxious about being a layoff target.
In any case, with the current state of the market and considering that many companies are deciding on a hiring freeze, I don't really know how worth it is to stay here and hope for severance?
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The probability of aligning a severance with a job offer is slim. If you are unemployed recruiters lowball you with job offers... negating the severance
He-l no.
Take control your own destiny...
Why is so much faith begin placed in the illusion that a severance amount, worth holding out for, is always going to be there, for future layoffs.
It sounds like the model is shifting to "you have X days left to find an internal job; then you are out", as mentioned below.
@1toh+1hQL3iOj, there are signs that the tech market is cooling off. Many smaller companies over hired and are laying off, FAANG are talking about reductions and hiring freezes, etc.
The bad thing about leaving now, even if the market isn't cooling off right now, it's going to if inflation doesn't slow down. Many places layoff staff in a last in, first out manner and unless you fill a critical role, you could be at the top of their reduction list. Then again, if you've been a Cisco forever, you're old and expensive, which puts you at the top of Cisco's reduction list for two reasons.
I wish I had a crystal ball to figure out when to look for a new job and leave, or start looking just before I get my notice so I can take my severance to a new job instead of living on it while looking.
@1cqe+1hQL3iOj The market is not cooling. Don’t fall for the trick. The CEOs just want to scare us from demanding higher pay and better working conditions.
There's no reason to wait. Start the process now. Don't stay someplace you're not happy. And with the job market cooling finding that right role might take longer. The packages have been OK, sometimes really nice, in the past but won't be as good in the future unless its a major restructuring. We've move away from the "here's a package now git" approach to the "you have XX days to find something internal or external". New approach means no big payday, banked PTO is all you take with you.
I'm right there with you. I'm giving myself until December, then I start the exiting process, unless forces work to push me out sooner. Either way, I feel good about deciding that I need a change.