I’m 47 and have been working in GTS for past 22 years and currently there are voluntary redundancies been offered of 2 years salary...Should I take it? I’m just worried I won’t get another job after been out of the job market for so long.
21 replies (most recent on top)
Some unbeliever is always there, but i believe him/her. Cause your US 30 / 90 day are equivalent more or less (in absolute as number of $, not for ability to buy) to 2 or more years for a second world (Europe – poor – sorry Old Europe) or third world. The balance sheet , always drives the bean counters. That's all. A fourth world citizen.
OP is total bull$hyte only 1 loser defended it just so they could throw some shade
I totally doubt this original post. As of just weeks ago, IBM was still shelling out only, what 30 or 90 days pay, depending on how long you were allowed to hang on. Why would they increase that to 2 years? Generosity? That doesn't sound like IBM!
@2dnm When it comes to full time exempt employees, you are dead wrong
Think like you're in your 30s. Get your finances in order, take the severance and continue your career. Be loyal to what you hold dear and not to any company. For all the focus on hiring "early career" professionals, I wonder how many will leave on their own in 2 years for a better opportunity. For the record, I left at 55, went to a great company and parlayed that to an even better role at my current employer. I read these boards in the hopes that I can help many of my friends that are asking your exact question. Best of luck making your decision.
There most certainly was, “WW HR partner.” In NE and DE considering contract notice periods were also cashed out, it could add up to 18 mo-2 years salary. Typical clueless response from HR, what a pathetic and worthless organization.
WW HR partner here There hasn't been a package like that given in any country in over 5 years period.
Honestly, you aren't that marketable after spending 22 years at Big Blue. I call bs on the 2 year pay out but if it's true, take the money and invest in a career in the trades.
I call BS. Never had been such a thing. 2 years. Fake news.
if you go there will be trouble
if you stay it will be double
This could be entirely possible in Europe. UKI recently had a 6 months payout for voluntary redundancy. IBM US is a tiny fraction of the total employee population and the country where IBM is investing the least, wake up folks.
Bold faced liar
BS post. Don’t be a su—r and respond to it.
What??? Details please. When was the last time anyone got TWO YEARS salary? That is an unheard of level of generosity for IBM. Maybe way back when Akers got the boot. But not recently.
IF YOU CAN GET TWO YEARS, TAKE IT.
I know several people, 60+ Who got new jobs in IT recently, including me.
With Covid abating, hiring is hot.
Update your LinkedIn profile.
I still get some LinkedIn recruiter messages (though far fewer than my son).
At 47, you are about in mid career, so look for a new job with a company that’s has a future.
It’ll be easier to switch now than later.
Can you please post more about the voluntary layoff and payouts are happening? Is this in the US or in other countries? I can't imagine IBM offering voluntary buyouts to US employees. It will just RA them for much lower cost as per its standard procedure.
Please give more details
Seems like a bs #hr post, let this be last message on it.
How did you qualify for two years pay?! Presumably you're old your old comany's T&Cs?
Given the climate at IBM over the past 12+ months, you really should have been looking for a new job months ago, as suggested in other postings. Had you done that, you would have been ahead of the game and perhaps be in a position to take the payout and walk into a new job almost immediately. The sooner you start looking (even if you decide to stay), the more control you have over your own destiny. Currently IBM is the tail wagging the dog. There is life beyond IBM, don't be complacent, and go looking.
If you've kept your skills reasonably current, I'm not sure why you would have any issues. The IT field is BOOMING right now. I got a new gig in 3 months after a layoff, and I'm several years older than you.
I think you're just bragging about your payoff. :)
Seriously though. If that's a lump sum, I'd take the money and run very fast and far away if it were me. If it stops the moment you land another gig... I'd have to think about it.
if you can't retrain with new skills in PAID 2 years, you should not be in the I.T. workforce.
Perhaps sanitation worker or McDonalds chef is in your future?