Wait to get laid off or bounce?

Oath Faz6/2
Sep 7, 2018 73 Comments

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/

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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 8
    • 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
    • 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
    • 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
    • Xchange Leasing / Ops
      gWWE72

      Xchange Leasing Ops

      PRE
      Xchange Leasing
      gWWE72more
      Lol 10k severance? If that's standard, then run! I expect you to get much more.
      Sep 8, 2018
    • 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
  • IBM / R&D officeX
    Get a new job. But wait for severance.
    Sep 7, 2018 0
  • Flagged by the community.

    • Salesforce cbeiwianns
      wow hilarious we got a real jokester over here
      Sep 7, 2018
    • Sprint / Sales
      PPES71

      Sprint Sales

      BIO
      Product, engineering, Sales. National, enterprise and small accounts. Software, hardware and enablement.
      PPES71more
      However, don't get laid and severed. Just ask John Wayne Bobbitt
      Sep 7, 2018
    • Nisum Technologies Mogambo88
      John bobbitt uncut!
      Sep 7, 2018
  • Cadence AndIdid
    Start preparing but wait for severance
    Sep 7, 2018 0
  • Amazon / Eng
    boopity

    Amazon Eng

    PRE
    Amazon
    BIO
    I left Amz to be happy at a startup
    boopitymore
    Get that sweet severance cheddar and have some offers ready
    Sep 7, 2018 1
    • Capital One emdR65
      This is the best advice
      Sep 7, 2018
  • 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 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
    • Hulu DaddyBig
      This is it ^^^
      Sep 7, 2018
    • Oath biow46g
      I heard severance packages are only applicable while you stay unemployed... So it wouldn't quite be double salary
      Sep 8, 2018
    • 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
    • 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
  • 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 0
  • Microsoft Hannah2272
    If you’re looking for severance, you won’t get it if you quit
    Sep 7, 2018 1
  • 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 1
    • Indeed Cobol06
      Mind sharing what actually happened with Uber employees when SEA deal took place?
      Sep 9, 2018
  • 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 0
  • Verizon / Sales
    THbH66

    Verizon Sales

    BIO
    wouldn't you like to know?
    THbH66more
    Why not both?
    Sep 7, 2018 1
    • Oath Faz6/2
      OP
      ^ this guy gets it lol
      Sep 7, 2018
  • Microsoft / Mgmt Bonee
    Lol - this was bound to happen - it was always a sinking ship -
    Sep 7, 2018 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
  • 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 0
  • Uber / Eng
    sight

    Uber Eng

    PRE
    Facebook, Cisco
    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 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
    • Uber / Eng
      sight

      Uber Eng

      PRE
      Facebook, Cisco
      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
  • Apple vYfX46
    Bounce. The high performers leave first, and the hiring managers know this.
    Sep 7, 2018 0
  • LinkedIn YcIotJ
    You should start looking. Better to leave now then when the ship completely sinks.
    Sep 7, 2018 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 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 0
  • Juniper Poco Loco
    Never wait for the axe. Start interviewing now!...
    Sep 7, 2018 0
  • Pivotal dukesilve
    Start your interviews. Get a job offer. Definitely don’t quit without another offer lined up.
    Sep 7, 2018 0