I wonder if there any statistics on the average time it took the previous wave to get rehired somewhere And did they get a better or worse salary?
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If you are offered something internally that you applied for, turn it down, then yes it could be affected.
Once I decided I didn’t want to go back and just keep the severance pay. I got something externally and pocketed the severance.
Does your severance get forfeited if you find another job before it’s over? I heard that if you decline a work placement through the outsource placement service they terminate severance.
I know a person that got laid off and took 5-7 months improving their resume and interviewing skills but ended up making what they made before at Director level at CVS but made that in salary instead of in salary plus bonuses (which is superior). But they are a very good negotiator and at the time played two companies off each other. I know a couple other people that got laid off but were kept on/rehired at CVS at either lower level or with less pay. I know still other people that still haven’t found a job after being laid off in 2023. It’s all across the board and there’s no place that has data on that, and even if they did, it doesn’t matter, it won’t help those laid off now because it doesn’t change what they need to do going forward to land another position.
It took me close to a year and a 15 pay cut at a minimum.
There’s still people unemployed from the last layoff.
IT managers went to other Hartford based insurance companies and made 20k more
Took me almost a year but I made about 30k base more
Hiring managers think you su-k if you get laid off.
It su-ks right now if you're on the healthcare side. Linkind has the statistics and so does the unepoyment website. Companies are in hovering pattern until after elections and the new quarter.
I found something within a month. A little less than what I made, but had no intention of staying. Ended up landing somewhere else that allows me to grow, step up from previous role, same salary.
Things are picking up, but I would have to say it is difficult to walk in as new employee making more, unless you’re willing to relocate, which I could not.
I would not wait too long to start looking. That way you can save the severance. Good luck 😊
It depends on your position and flexibility. What do you do? Are you willing to re-locate? The good news is the job market is booming, unemployment is at an all time low. But it all depends on what you’re looking for.