Loyalty and Layoffs

My brother-in-law is an accountant who specialises in insolvency. He doesn't touch tech company failures, because there are usually no assets they can sell to pay creditors. Believe it or not computers are actually very hard to sell unless you outsource it to one of the big auction places. I've picked up a number of computers from them for nothing, because it's all rotting in their office basement, jobs wrapped up, "assets" unable to be sold for small change.

So companies will try and package up your severance to include things like your work laptop (which you've maybe become attached to), they can put a $ value on it, and mark it off what you're owed, but in reality you're losing out. Better to take cash rather than hardware, unless there is no cash.

I've gone through a number of these company bust-ups. The first one was fairly traumatic for a lot of people, but I'd only been there 3 months. 2001, In my interview, when I was asked "Is there anything you'd like to ask us" I said, "look this is awkward, but I've seen the company mentioned on fuckedcompany.com a number of times, and it's all bad news, is there any concern?" and I received the answer "Oh that's our American parent company, we'll be unaffected". 3 months later, gone gone gone. I watched people who'd worked there/started the company get turfed out, and crying. I had barely been in the office (working offsite) so I didn't even really feel any attachment at all, so it was all quite surreal.

Next job I worked for a small company where the two directors ended up being unable to pay staff, so they put everything on their credit cards, and convinced everyone to resign and sign up as contractors. It was only years later that it dawned on me, that by resigning they didn't have to pay severance packages. We were young and trusting.

My opinion:

You don't have to be loyal. Instead, be professional.

That means you retain many of the qualities of loyalty -- dilligence and an eye for the advantage of your client or employer -- without being afraid to ask for the going rate for your services.

A professional is also prepared to argue for the best interests of the client and to refuse to act unethically, even when the client doesn't want to hear it. Our cousin professions enjoy pretty strong legal support for the latter.

And if your loyalty to yourself and your professional ethics are in conflict with the wishes of your employer, it is far better to follow your true loyalties.

Though it might come at great personal cost if you end up having to flee to Russia.

As an employer and owner, I don't have a problem with people moving around in their career. I expect it. I stay on great terms with them, give them flowers when they move on, wish them good luck, and invite them to stop by socially later.

Most people stay for several years or sometimes much more. Staying less than two years, and certainly less than a year, can be so short as to be counterproductive, so that's less welcome, though we always do self-introspection to see if we did something to drive them away (it's rare that someone stays that short a time). But if someone's been there three years or more, they've contributed a lot to the company, and I really do want them to do well, and they have no obligation to be "loyal" to the company.

Sometimes they work for a while elsewhere and then come back. That's great too.