I would love to hire people like you... people who are willing to take a paycut and small stock grants in order to fulfill my grand mission: to make myself as rich as possible.
Why does not taking this offer imply taking a pay cut and small stock grants?
Because usually if they offer this is because they want to get rid of you and your team.
And if they do, there's not much do there anymore.
So unless you're there solely for money, you won't stay there any longer and take the extra (assuming you feel you can find a better than gotten rid of job)
the first rule of employment: If someone offers you free money to leave? you take it.
You'd take the $2k vs. working at Zappos, or does the money have to be a material amount? I don't think I'd walk away from Tesla or SpaceX for $100k. (I might walk from Tesla for "a Model S", IFF I thought I could still go back a few months later, but that's just gaming the system.)
I think it's more that voluntary redundancies tend to foreshadow compulsory redundancies, and indicate that the company thinks workers in your area don't make as much in money as you cost in salary. Given that you'll end up unemployed anyway, you might as well get some cash out of it.
When you and your co-workers are being offered voluntary redundancy and sites other than yours are being closed is also a good time to make sure you have redundancy insurance on any loans you have; to check your CV is up to date; and to make sure your friends at other companies still remember who you are.
You're exactly the kind of person they are trying to get to leave -- someone who is only in it for the money and doesn't believe in the mission.
I would love to hire people like you... people who are willing to take a paycut and small stock grants in order to fulfill my grand mission: to make myself as rich as possible.
Everything is about the money, from top to bottom. You lose sight of it, you're going to get played.
> If you thought you had to work more after the first round of layoffs, boy howdy; after round two, you might as well park your cot in the office. Worse, in round 2 and 3 the severance packages get smaller and smaller. Because the people who are left are stupider and more desperate for a job.
>Because the people who are left are stupider and more desperate for a job. No, it's because by round two and three the company doesn't have as much money and isn't as concerned by the bad press that comes from layoffs without severance. You could say that people /stay/ because they are desperate for a job.
> If you thought you had to work more after the first round of layoffs, boy howdy; after round two, you might as well park your cot in the office. Worse, in round 2 and 3 the severance packages get smaller and smaller. Because the people who are left are stupider and more desperate for a job.
>Because the people who are left are stupider and more desperate for a job. No, it's because by round two and three the company doesn't have as much money and isn't as concerned by the bad press that comes from layoffs without severance. You could say that people /stay/ because they are desperate for a job.
I can't bear to vote you down Luke, but you just said the exact same thing as the parent.
You're exactly the kind of person they are trying to get to leave -- someone who is only in it for the money and doesn't believe in the mission.
I would love to hire people like you... people who are willing to take a paycut and small stock grants in order to fulfill my grand mission: to make myself as rich as possible.
You could indeed employ me with a paycut and small stock grants - if only I could believe your mission. Sorry, dude.
Why not a wedge of cash to stay? That's what happened in one business I worked in but got bought out like this. We got told things would change, they needed our co-operation, it would mean possibly working a bit harder and getting used to new practices. So, here's a lump sum. BTW, only a very small number took the money and left afterwards. Problem they had was that in the industry, the deal was well known. Apparentl…
The company probably just wants to downsize, in which case offering people money to stay would be the wrong incentive. Voluntary severance packages are often offered when a company wants to get rid of staff without overt layoffs. Sometimes followed by layoffs anyway, if not enough people take the offer. The phrasing here makes it sound related to post-merger culture, but that letter is written in Corporate Newspeak, a dialect of English that is sometimes tricky to translate.