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Reply to "Severance vs Demotion: pls advise "
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[quote=Anonymous]My company just announced a 20% RIF — my specific group which is 10% of the company, has seen 0 layoffs. HOWEVER….I am the only employee in this section that is being asked to either: (1) take a severance that converts years of employment into weeks (2 weeks per year); or (2) a demotion to lower title, 10% lower salary, same job functions/responsibilities, and I can “post” for the role I was just demoted from once it is listed. I come out even by staying in the lower role for 3 months, assuming a job search takes longer than 3 mos. Yes, I’m working with an employment attny. But has anyone seen this before? What is my best career recourse? I’m not asking best financial outcome —- for my career, do I take a title decrease that I can likely disguise while I network and look for a new job on company dime? Current company colleagues will figure out what happened - most allies, a couple asstwats that made this so….and to whom I want to give none of my energy, which is proving useless so far. What is the mental load I put on myself while doing that rather than just making a clean break assuming I can support that for a year or so beyond the severance? Thanks…..[/quote]
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