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Reply to "Severance vs Demotion: pls advise "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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] I have seen demotions for those who aren’t doing good work/ not doing their entire work but they kept their same salary. One had half of their work (and that part of their title) given to someone else and another kept title but lost all managerial duties. Honestly they both deserved it but they both kept their titles (minus one who had part removed) and the same salary. It infuriated people they received the same salary for a lot less work. It made the better people look elsewhere. If they are offering you a demolition and saying you can apply for the higher role they are basically telling you they don’t see you at the higher level for whatever reason. I would try and negotiate the demotion- can you keep the same title until they fill that role? That way you can apply for roles but keep the title in your resume while you apply? I would personally take the demotion and apply elsewhere. It is really tough out there and I know many people who took 9-12 months to get their next role. Good luck [/quote] I would not give too much thought on managements perception. Unless you are junior, performance is rarely about doing the job. I was managed out at a couple places, and now at a place where i am using half of the effort, twice the pay and gotten promotion after a year. It is just luck and it’s subjective. [/quote] It’s not just luck. No offense but this was likely because you have significant personality issues. I’ve seen this again and again [/quote]
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