That's right, when you worked hard all year and you find out the execs made great bonuses and you got less that the cost of living increase. And that's IF you got anything at all.
So nice to work for a company where every year you stay with them, you fall further behind in your pay.
Not interested in the bleeding hearts that parrot the execs saying you can always leave if you don't like it, because the truth is many can't find other jobs in their areas of the country.
So, may God help birds cr-p on all the execs who don't stand up for their employees.
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I am hearing from leadership how well cybersecurity did the last few quarters with better than expected results (although we never see a comprehensive table of revenue by product except for Fortify). And yet: no or minimal raises, no travel budget, no training budget, we are operating as though we have to streamline more and more aggressively ALL the time. Either we are being lied to about how well we are doing, or we are being squeezed into oblivion to make the books look better. This can only go on for so long before the company implodes.
Does this scene remind anyone of recent events?
https://youtu.be/uawkX1CuOIo?si=C77LKUYryuYD2ZH0
@fm ..
It's a calculated and personal decision to welcome it. Also if you have a lot of $ saved..it may save your sanity to 'wait for the check'. *ie: Layoff
If you think a severence package from OT will be generous..(unless you are in the C-Suite) think again.
You get a maximum of 10 weeks and 2 weeks notice (provided your years of service qualify).
If you are in the US there are 4 or 5 states that require companies to payout un-used vacation. If you don't live in one of those states, you are out of luck.
I 'waited for the check'. As part of an acquired company (regardless of my qualifications or experience) it was clear from Day 1 they were arrogant..believed they 'had all the answers'..didn't need (or want to listen). Explains why OT is where it is today.
I began to save every penny..and did 'what was required' to appease the cult.
Almost 2 years later I was let go. Got my 10 weeks and (I do live in one of the aforementioned states) an additional 16 weeks vacation. I was one of the lucky ones. I also landed a lucrative contract gig within weeks.
Take out your calculator..figure it out.
There is life and sanity after OT!
Good Luck
For someone on the fence about staying or leaving, is it a bad thing to welcome a layoff? A layoff for someone in good standing should get some kind of severance depending on where you live whereas just resigning gets you nothing accept away from here.
It makes no sense that a company that has grown through acquisitions has a one-size-fits-all approach to allocating budgets for raises.
@av Great advice. Try to stay positive and just realize that leadership does not know have any more vision on answer than you do! Biggest issue with OT is lack of responsibility. Leadership just wants to hide and keep their head down.
Company is what it is. Too much cruft in the orgs to be anything more.
Completely get you on being demoralized!! I was laid off from OT..and was pleasantly surprised how quickly I landed a contract gig, though I suppose it is role specific.
The serious and sad fact is you still need to be networking and looking for a job.
Of all companies I ever worked for, OT does not give one sh-t about the rank and file up to and including Directors. I promise you that your name is on a list somewhere...they just don't have a date assigned to you...yet. Everyone (Director and below) is at risk.
My advice is (especially if you are in the US or are over 45)..
- Start informal networking. Catch a lunch with old friends.
Or make phone calls to friends and former colleagues.
Also..flip the switch in LinkedIn that only recruiters can see you are looking for a job. - Apply for jobs even if you don't really want the job..to practice your interview skills. The hiring process is a lot different now in the age of AI.
Build that muscle. You will eventually need it especially if you are in the US or over 45.
That way when your time comes it is not as daunting. Otherwise you are just whistling past the graveyard. Hope this helps.
If all the layoff BS was limited to the end of the year, it would be easier to deal with. OT is much worse with it's piecemeal regular attrition. Demoralization is a year round experience here.