Is anybody else worried that with the never-ending layoffs pretty much everywhere, even if we manage to find a job we'll be out within a few months because of the first in first out rule? I know everybody is getting rid of seasoned employees, but they have to balance it, and new employees usually pay the price.
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This isn't a thing with at will employees. If anything, VZ would prefer to RIF the people that cost them more. More payroll, more vacation, more jaded. VZ will do whatever it can to avoid a lawsuit, but a new hire doesn't put a red x on your back.
I know people that survived that are still looking because they know they could be next. Severance sounds nice, but a consistent paycheck with benefits is better. It's also easier to land a job when you have one. I had an interview this week and they flat out asked me if I was RIFed because of the news. I lied since I am on payroll until February. It's not pleasant being let go.
@af if you stand taking a big severance, it could be worth your while to stay at the company and roll the dice. But it doesn’t hurt to update your resume and put some feelers out there for a new job.
- There is no such "rule" in corporate hiring decisions. 2. If there were such a rule, you described LIFO, not FIFO.
It concerns me that you couldn't figure that out on your own. It's not some fancy accounting term, it's meaning it's obvious.
This is why I'm reluctant to job hop. I'd get a big severance from VZ, so I might as well wait for the RIF. If I go elsewhere, I might get RIF'd right away.
@OP Last In —First Out ……. 👀
I got laid off, and I had only been with the company for a few months! Still a newbie! I think my manager didn’t have any loyalty to me because I was so new. She chose to protect her favorites. :/
Layoffs seem rampant in the tech sector these days and any company that isn’t performing well. That’s why it’s so important to get your personal finances in order! Save up and build your Emergency fund to cover 12 months of expenses. That gives you cushion in case you unexpectedly get laid off and need to look for a new job.