I will hand in my resignation and two weeks' notice on Tuesday. I will miss the people, so many have become a part of my extended family, but I will not miss the company and all the stress and uncertainty.
To everyone who is still waiting to find out what's going to happen to their jobs, I have nothing but my best wishes. Just know that there are a lot of better opportunities out there. If I was able to find one, so will you.
@4xwk I don't think WARN applies on transition positions. It's like a 12 month contractor role and technically you're not being laid off or made redundant.
Oh. So I mis-read? The 50% salary increase is a bonus at the end of the transition period? That's less attractive. You'd need to time your new position just right.
If you can be let go before the end of the transition period, do you get the accrued 50% payout? I presume the WARN act also applies.
Transition Bonuses are paid at the end of your transition period because BRCM maintains the right to cut your transition at any time if you are no longer needed.
Oh. I thought the transition bonus was paid out at the end, to make sure you serve your full term. Well, if they're basically giving you a 1.5* salary for a defined period, that's a good deal too. Better than the severance package for most people.
Should have stuck around if you had descent severance, and if you get a one year transition they pay you out one pay period for each month in transition, that's a lottery ticket.
Can all you of you cut the c-ap !!! Just wait for the Doomsday....
@10PF2RKY-2uqg I don't think that @10PF2RKY-2sdu implied that international laws will be imposed on US branches of companies, rather that local law will take effect in international branches. The US law only affects US branches of Symantec, they do not extend to Canada, LATAM, APJ or EMEA. Why do you think countries with a workers council hold up the whole process? Because US law cannot overrule it the company being headquartered in the US or not. Why do you think MS and FAANG have European HQs with local legal departments? Take your own advise and go educate yourself.
@10PF2RKY-2uqg Wow, that tin foil hat really did a number on you.
Toxic much? The facts are written down, just go and read them.
Wow. Some extreme negativity, bordering on hysteria. This has been explain over and over again. There isn't some evil plot to deny people a severance package (for those not given STAY or TRANSITION offers).
Search for a job: Yes! do it now!
Resign: Don't be an id–t. If you are lucky, you will get a RIF package. Wait until the day before you have to start your new job before resigning.
I have to wonder if this hysteria is real, or if the board has planted someone here to convince people to resign. Remember: a resignation means they don't have to RIF you, which means no severance package.
If you resign, you are basically gifting a severance package to the investors who are strip-mining the company.
@10PF2RKY-2sdu, Symantec is headquartered where? Ding ding! International laws don't forcibly apply to certain types of corporations within the US. Within California there are "some" laws that will bring them to the table, but again, NOTHING is in place to force an organization to honor severance packages by law in the US, especially organizations headquarted in the US. If HQ was in Europe for example, totally different story.
I wouldn't count on any eggs that havent hatched yet, so to take a for sure deal now is far better than being screwed later which, you all have been screwed since the Veritas deal.
Let's not forget that Symantec has already stated that those enterprise employees who are not offered a position at Broadcom will receive severance per Symantec's RIF policy. The US policy is clearly spelled out on the SymInfo Reduction In Force page. If you're in the US, there's no reason to think you're not going to get severance. If you're in a country with greater worker protection, even better!
@10PF2RKY-2sdu this is a global forum and not US centric. Again, your geography may not have these laws but other countries Symantec operates in have indeed laws to protect employees. My severance payment is half my OTE and I wouldn't want to miss it, so I'm glad for the laws in place. If I was not protected and needed to hope for two weeks I would probably react similarly to you.
@10PF2RKY-2sdu, How about you inform yourself with research first? Or here, I assume you are a SYMC employee and cannot work without assistance ... DoL statement here: https://www.dol.gov/general/topic/wages/severancepay
"There is no requirement in the Fair Labor Standards Act (FLSA) for severance pay. Severance pay is a matter of agreement between an employer and an employee (or the employee's representative). The Employee Benefits Security Administration (EBSA) may be able to assist an employee who did not receive severance benefits under their employer-sponsored plan."
Please spread your blanket ignorance to the remaining SYMC customers, you'll need something in the future to hold you together.
@10PF2RKY-2orm There are indeed laws which force companies to severance packages. While that might not be the case in your area or in the geography of OP, it is reckless to handout blanket statements on the existence of severance packages.
Or perhaps the new opportunity is paying enough to cover a "supposed" severance package, which most poster's here haven't mentioned is NOT 100% guaranteed. There is no law that holds a corporation accountable to provide severance packages. So, taking a for sure option vs a unsure, unknown? Weight it out for yourself...
Otherwise stay at the piss party pretending your important knowledge of SEP will save you and guarantee a package ...
Congratulations. You found a new job and have moved on. Best of luck.
Yes, it's easier to get a job while you have one. So, shop for a job, but don't resign. Get your letter of offer with a negotiated start date after the expected RIF and hope for the severance package.
He's probably a VP if he resigned. He went to another opportunity. Easier to leave a job when you have one, easier to find a job when you have one.
Only stupid decision now , is to resign ! WHY ?
1 - A package is waiting you at the end no matter what - if you give your resignation letter say BYE to the package .
2 - Getting a package and look for another job is better than get a new job just for the sake of feeling secure , the stress will be the same everywhere.
3 - You may be chosen for the transition package which is the Lottery package - meaning you get few months to work up to one year working and you will prepare very well to leave + a batter package + bonus of shares = YOU WILL BE HAPPY FOR SURE !
4 - You may move permanently to Broadcom , another job , another experience , another company with better conditions ( SALARY ofc )
Friendly advice , stick with Symantec and do the business as usual. Good luck !
Not a smart move. Nobody is even care about you. Don't brat here. Everyone has their own issues.
Bad decision. Shop for a job, focus your energy on interviewing, hope to be put on the RIF list because you're not performing as well as before and get RIFed before starting the new job.
Resigning is basically like giving a gift to Silver Lake and Starboard (you know, the people who chopped up the company). They are expecting some headcount reduction through attrition. Why reward what they've done? Make them pay to get rid of you (RIF).
You need to be smart here. Unless you have an immediate offer. You need to stick around, You might get package. You will not be able to collect unemployment if you resign.
You have nothing to lose.....