Thank you Blind - followup to layoff question
Previous: https://www.teamblind.com/post/Am-I-about-to-be-laid-off-fired-MgM5w4xj Yesterday I asked if I was about to be laid off by my startup employer. I got a lot of good advice (and some humor) that helped me prepare, such as checking HR calendars and pulling everything that I needed from company systems before the meeting. My access was revoked immediately after the call, so I would not have had the chance otherwise. Thanks Blind. It's a tough market to be job searching in, but at least I was ready for the layoff. yoe: 9 tc: 210 + 0 paper equity (laid off before first vest) job family: product management + analytics #layoff #advice #startups
Blind
Sorry to hear it OP. Hope you find something better soon
I keep a doc handy: Severance questions: How many weeks of $$$? Base, or quarterly incentives as well? Lump sum or paid over time? Will the company buy my RSU’s? (paper RSU's) Benefits expire when? Keep computer stuff? Provide in writing this is a layoff so I can collect unemployment benefits 401(k) unvested contributions? (company match is paid same as RSU, over time)
Other than some generous severance like accelerated rsu vest, do you think companies consider unvested Rsu? I think it's gone
Sorry OP, at least you were able to prep a bit! Stay strong
By access removed, does it mean you won't be about to login to laptop as well or just the internal vpn sites? At cisco, i remember a colleague telling me outlook was active but not vpn
When my spouse was laid off his access to everything was revoked during the termination call. He was able to keep his laptop, paying income tax on its value, but the system was wiped within an hour.
I was working from my personal laptop (pretty common option at smaller startups), so it was enterprise account access that was revoked.
Damn bro went out like a hero. Sorry to hear brother! I’m sure it will be for the better
I was hoping for the best for you, OP. So sorry. I don't know if your equity was RSUs or options but my spouse was laid off three days after his vest. He exercised the options and now, three years later (the company is 11 years old), no exit event. It was like throwing the money out the window because the shares have since been diluted. If you are a US citizen try government contractors. They are always hiring although your pay may be lower ($150-$175K range with decent benefits). There are remote roles for PMs and data analysts as well as on site. Companies like KBR, Leidos and Booz Allen will sponsor your clearance which opens limitless opportunities due to a shortage of cleared workers.
Thanks so much for the sympathy and advice. Equity was options vesting at a 1 yr cliff that I didn't hit, so there's no decision to make there. I am a US citizen and will take a look at roles with gov contractors - it's not something I would have thought to do on my own, so I appreciate the suggestion.
I’m glad the community was able to help you and sorry to hear about you laying off. You’ll bounce back on your feet soon, OP.