Wait to get laid off or bounce?

Oath Faz6/2

Sep 7, 2018 73 Comments

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So our CEO is about to get a golden parachute to GTFO apparently and there’s talk that there are going to be even more layoffs. Should I peace out before more layoffs? I assume I’d get severance, but this is my first job out of college, so I could be wrong. Also, with Verizon now slamming together Yahoo and Oath into the rest of the company, I don’t know if it would be worth it to stay even if I wasn’t a layoff casualty. What should I do?

https://techcrunch.com/2018/09/07/verizon-declines-to-comment-on-wsj-report-saying-tim-armstrong-is-in-talks-to-leave-oath/

Verizon declines to comment on WSJ report saying Tim Armstrong is in talks to leave Oath

TechCrunch

1228 VOTES SELECT ONLY ONE ANSWER

Stay and wait for severance
Bounce

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Yahoo Oath Verizon

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TOP 73 Comments

Jam City Yest6

You have more leverage when you are employed. Start talking to recruiters now.

Sep 7, 2018 176 8
- PwC / Consultant YTjY51more
  
  And you can also dictate your start time. Get the severance and the gtfo
  
  Sep 7, 2018 8
- Microsoft needadvice
  
  "Jam city" is right. Also just join the new place, don't try to solve for 10k extra in severance.
  
  Sep 7, 2018 7
- Twitch Poggersmore
  
  This. If you wait until you’re laid off you’ll have to compete with everyone else who was let go. Best to take your pick of the open positions now.
  
  Sep 7, 2018 5
- Square / Eng SQ
  
  This is such a misconception. It's much better to be looking for jobs full time. Please stop giving bad advice.
  
  There's plenty of resources out there that show that you "hold more power" when you have multiple job offers. It's much harder to do that while you're employed full time. The biggest jumps in TC come from competing offers, not you just having a job.
  
  Sep 7, 2018 3
- NetScout / Eng batua
  
  The thing is that it's hard to line up multiple all day interviews when employed. When you do full time interviews you can easily line them up. I'm battling with this issue myself
  
  Sep 7, 2018 3
- Tumblr WDSO071
  
  Do both. If you spend all your time interviewing you’ll be more likely to get laid off. They say it’s coming in October so now’s the perfect time to start looking.
  
  Sep 8, 2018 1
- Xchange Leasing / Ops gWWE72more
  
  Lol 10k severance? If that's standard, then run! I expect you to get much more.
  
  Sep 8, 2018 1
- Yahoo iWbf35
  
  So I’ve been out of the Oath/Verizon/yahoo circles for a while.. but I was laid if back when Verizon first bought yahoo about 2 years ago. Back then we got 6 months severance pay. I waited for severence pay and then started looking for jobs. It’s just too much trying to study and line up interview while holding a full time job. Once I had 6 months free pay coming my way it completely took away any concerns about having to find a new job as fast as possible so I treated it like a vacation . I found a new job and I’ve been really really happy since.
  
  Sep 9, 2018 2
IBM / R&D officeX

Get a new job. But wait for severance.

Sep 7, 2018 60 0
Flagged by the community.
- Salesforce cbeiwianns
  
  wow hilarious we got a real jokester over here
  
  Sep 7, 2018 23
- Sprint / Sales PPES71more
  
  However, don't get laid and severed. Just ask John Wayne Bobbitt
  
  Sep 7, 2018 1
- Nisum Technologies Mogambo88
  
  John bobbitt uncut!
  
  Sep 7, 2018 0
Cadence AndIdid

Start preparing but wait for severance

Sep 7, 2018 26 0
Amazon / Eng boopitymore

Get that sweet severance cheddar and have some offers ready

Sep 7, 2018 18 1
- Capital One emdR65
  
  This is the best advice
  
  Sep 7, 2018 0
Amazon AnnieBing

Start preparing. Contact recruiters and interview actively. If you get a new job before the lay-off, then just GTFO from that company. Else, keep trying.

Sep 7, 2018 4 5
- Amazon AnnieBing
  
  If you’re very sure that lay off is lurking in the shadows and it might happen anytime, just get a job offer ASAP. Wait, till they lay you off and then go join the new company ! You’ll get double the amount of salary.
  
  Sep 7, 2018 3
- Hulu DaddyBig
  
  This is it ^^^
  
  Sep 7, 2018 0
- Oath biow46g
  
  I heard severance packages are only applicable while you stay unemployed... So it wouldn't quite be double salary
  
  Sep 8, 2018 0
- VMware / Product lRQQ72
  
  Incorrect - severance is a lump payment that you get on your last day.
  
  Best is to have a job offer and negotiate later start date - use the severance to travel, relax and recharge, come to the new job and kick ass
  
  Sep 8, 2018 4
- Hulu DaddyBig
  
  What biow46g is saying is really unrmployment benefits. You can claim it only when unemployed. It’s a low amount, but still cash due to you
  
  Sep 9, 2018 0
LinkedIn MzqC50

Leave now! Lots of companies that will hire from Yahoo. LinkedIn is one of them, our CEO and lots of exec members are from Yahoo.

Sep 7, 2018 10 0
Microsoft Hannah2272

If you’re looking for severance, you won’t get it if you quit

Sep 7, 2018 1 1
- LinkedIn Nightlight
  
  No shit
  
  Sep 7, 2018 8
Uber / Mgmt Sr. Bae

As someone who was part of the SEA deal at Uber, here’s my honest advice - GTFO. Close an offer while you’re in job and set the starting date to increase your chances of securing the severance. Or Negotiate a good joining bonus. Thank me later.

Sep 7, 2018 7 1
- Indeed Cobol06
  
  Mind sharing what actually happened with Uber employees when SEA deal took place?
  
  Sep 9, 2018 0
Microsoft IWdl28

If you are a high demand employee (skill/asset wise), wait for severance. If you think you may be at risk of struggling to find the next job at at all, look now.

You are a college recruit so your severance won’t be big enough to cover a struggle to find a job.

Sep 7, 2018 7 0
Verizon / Sales THbH66more

Why not both?

Sep 7, 2018 6 1
- Oath Faz6/2
  OP
  
  ^ this guy gets it lol
  
  Sep 7, 2018 0
Microsoft / Mgmt Bonee

Lol - this was bound to happen - it was always a sinking ship -

Sep 7, 2018 5 1
- Microsoft 🍿<==
  
  Seriously wtf is oath anyways? And what is Yahoo trying to do besides push their spyware mail service that's been breached 1000 times?
  
  Sep 10, 2018 1
Google / Eng 🍑☁️

Definitely can't hurt to start interviewing now. It costs you almost nothing and you might end up getting a really good offer

Sep 7, 2018 6 0
Uber / Eng sightmore

Interview now with companies that honor their offers for a year (eg. Google). Then you can sit tight if you like it there. If you get laid off, you take the severance and immediately join the company that had extended you an offer.

Sep 7, 2018 3 2
- Thoughtworks yTtq22
  
  Now that you've mentioned, do you know other companies that honor their offers for a year? Of yes, care to list?
  
  Sep 7, 2018 0
- Uber / Eng sightmore
  
  I think Facebook did at one time. Although any company that has extended an offer to you will be easier to get into if you reapply within a reasonable period of time. They have already vetted you and then it’s just about timing and having headcount.
  
  Sep 7, 2018 1
Apple vYfX46

Bounce. The high performers leave first, and the hiring managers know this.

Sep 7, 2018 4 0
LinkedIn YcIotJ

You should start looking. Better to leave now then when the ship completely sinks.

Sep 7, 2018 4 0
Microsoft liveordie

I would say Bounce because you want your career to be more predictable and not wait for some event that may or may never come. Wait-and-see is usually not the best approach.

Sep 7, 2018 3 0
Amazon @amzl

What if you aren’t on the layoff list. Then you’ve wasted time sticking around for a severance that was never coming. Who wants to work for a sinking ship, just leave and move on.

Sep 7, 2018 3 0
Juniper Poco Loco

Never wait for the axe. Start interviewing now!...

Sep 7, 2018 2 0
Pivotal dukesilve

Start your interviews. Get a job offer. Definitely don’t quit without another offer lined up.

Sep 7, 2018 2 0
Walmart.com / Eng Astmore

Keep an offer ready all the time as market is too good... take severance package if they layoff and the you can move. Talk to your manager and ask to be part of layoffs Incase you have an offer. That way you will have win win situation 🙂

Sep 7, 2018 2 0
Indeed aperson2

If you are in a market where jobs are hard to get bounce if all the competition will be looking for work at the same time. This happened to me and I bounced and everyone else got 6 months pay but I don't regret it because I hated the sad environment. Truly toxic!

Sep 7, 2018 2 0
Salesforce wexcgymore

If you're likely to get a big severance then wait. But have a few burner interviews in case you are out of touch with the interview process.

Sep 7, 2018 2 0
Airbnb airway

Been there, trust me not worth the wait. When you jump ship there's a plethora of opportunities both career and comp wise waiting for you. Bounce when your ready to interview

Sep 7, 2018 1 0
CDK Global lsyu37

Start the search now. Stay relevant and get connections with recruiters. I got laid off while looking and was making severance while working at my new place. It was nice

Sep 7, 2018 1 0
Thoughtworks yTtq22

Maybe count on severance as plan b and prepare to bounce as plan a? Ask your LinkedIn connections if they can refer you to their companies.

Sep 7, 2018 1 0
Augmedix / Eng 338ca0ef8

start LeetCode ...

Sep 7, 2018 1 0
Black Box Network Services udrn40

It depends on how valuable the severance package is to you . Unless you get a good offer now.

Sep 7, 2018 1 0
Cisco / Eng void ptr

Start interviewing, layoffs always happen a few months before you expect

Sep 7, 2018 1 0
TI IOlOl0

If you’re fairly new it’s sometimes rare to get laid off cause you’re a cheaper employee

Sep 7, 2018 1 0
Microsoft Dxog01

Interview and get some options. You should always be looking even when things are good. Severance is generally tied to length of employment.

Sep 7, 2018 1 0
Hitachi Vantara / Consultant kzln47

Verizon severance is generally a solid package. Expect a lump sum ($5000-$10,000) and a number of weeks (4-6 & 1 week / 2 years at verizon)

The Down side to that is, everyone who was laid off with similar experience will now be competing with you for the same job.

You have to decide which is the smarter play.

One way to hedge you bets is to start looking now and see where that goes. If you find something now, then you can just move. If not you will be better prepared if you do get laid off.

Sep 7, 2018 0 1
- Lockheed Martin / Other Schz3more
  
  Yes, but OP is young and so probably mobile. They can compete for jobs anywhere.
  
  Sep 7, 2018 0
GoDaddy zcBN76

Start looking for a job. Get close to an offer in hand and then negotiate a bail out with the org. They’ll be happy to give you a couple of months salary or something to leave. Saves them the hassle of firing. Best of both worlds if you can time it right.

Sep 9, 2018 0 0
Amazon gDVc56

Yeah stay but start looking. It doesn't matter whether the layoff or new job come first you will be set.

Sep 9, 2018 0 0
Apple KGHP41

Oh dear. Here we go again. Yahoo employees can’t ever catch a breath, can they. I would jump ship just to have some mental peace.

Sep 9, 2018 0 0
Autodesk [][][][][]

If you don"t have several years in, bounce.

Sep 9, 2018 0 0
OrderMyGear nT9fXv2HFZ

If you don't think you want to stay even if you don't get laid off, this seems like an obvious answer... Update your resume and GTFO.

Sep 8, 2018 0 0
LinkedIn Typist

It really depends on
1) how long you have to wait.
2) how much severance you’re expecting
3) how long you think it’ll take you to find a new job

ie, don’t wait a year for two weeks of sev, if it’ll take you three months to find a job

Start looking now. Even if you get an offer, you don’t have to take it, or start immediately.

Sep 8, 2018 0 0
Kaneva Player-1

Bounce, but find a job first

Sep 8, 2018 0 0
Twilio 12lilbirds

Time your new job to start right after you get severance.

Sep 7, 2018 0 0
Verizon NeVW27

What’s Verizon’s severance 2 weeks for each year? Does oath have a different policy now and I wonder if they’ll lose it when they get merged in.

Sep 7, 2018 0 0
Adobe Sptmbr

If the severance is worth it, wait for that, but start looking because some companies can take a while.

Sep 7, 2018 0 0
Jet.com / Other gtfoorgtfomore

Severance is much sweeter on some sign on bonus. Get an offer and wait.

Sep 7, 2018 0 0
IPsoft the_strong

What's your TC and how long have you been there? Start interviewing now, but if you've been at Oath 2 years or more you should wait to get your severance.

Sep 7, 2018 0 0
Sprint / Sales PPES71more

Definitely get the word out amongst your network that you are seeking a position. If you are able to get a severance while transitioning to a new position, keeping it quiet and double-dipping, then awesome job! Otherwise jump ship as employers tend to view it more positively that you are employed when they are considering you as an employee.

Sep 7, 2018 0 0
Uber Banaba

tc

Sep 7, 2018 0 0
PTC / Eng IndianAudimore

Are you happy in your current position?
If you are then wait for the lay off and the severance.
If you’re not happy, leave now, because it will just get demoralizing.

Sep 7, 2018 0 0
Intuit / Other eRPR21

I assume you mean Bounce to a new job! Don’t quit until you have something else taking you

Sep 7, 2018 0 0
PayPal / Design uxDcxDmore

I was there for awhile. Old friends tell me it's pretty weird. Sucks Verizon is just destroying everything that was cool about AOL. Constant fear of layoffs, while some wait years to collect severance. I got mine and it was a half year salary for 3 years of service. I would start looking for jobs but try to collect the severance too.

Sep 7, 2018 0 0

PM at Snap

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