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
    • 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.

    • 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
    • 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
    • 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

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