Mame wrote:Sounds to me like you need to look for another job and just hang in as long as you can - what is it? You have a job until Aug 1, 2008, then 6 more months salary and another 60 days to find a job... and then a severance. I say this sounds pretty good for only having worked there 2 years.
While there, scout around.
Yes - I have a job until Aug 1, 2008 (at a minimum) - you get 6 months salary (taxed at bonus rate so basically 58% of your salary), then you get two months (full salary/benefits) at your current job where you can try to find a comparable job within the company, then I would get 6 weeks severance. The problem being I would need health care, dental, etc. for a family out of pocket. So it would be more like 5 months additional.
Sounds good until you hear that this affects over 500 people in my company. Some will move, most from the sounds of it are taking the risk of finding another job. The competition will be fierce to find another job. One thing if I didn't have kids to support and two mortgages to pay.
It is good - but the six months pay is to entice people to stay and do the work - not out of the goodness of the company's heart.
It's true it could be worse, but it is difficult especially when you enjoy your job.