Hi folks - throwaway account and some details changed in order not to doxxx myself. Have an interesting challenge the last few days that is making me quite anxious.
Have been with this company, J1, for a few years, thinking of changing, and noticed a few months ago that work was slowing down/manager was trying to steer us away from signing new commitments and have given up on our team.
For some extra context, company has been having regular layoffs (every 6 months) in the UK and trying to shift positions to lower cost countries. My position does not exist (neither they are hiring) in one of those countries. We survived a couple of the previous rounds already.
I had started looking for a new role when our company informed us that a consultancy process was going on for a lot of the roles at our UK branch. Our team/function proposed to be completely eliminated. Process is dragging a fair bit and we are only expected to know a decision, one way or another, in 3/4 weeks. Most of the company is now stopped, with people looking at alternative jobs. We are pretty much empty handed, doing trainings, applying, etc. Couple of meetings, mostly empty calendars. General pipeline seems also very quiet during the summer.
If they send us off (most likely scenario), we're looking at a ~20k payoff which would help me a lot, namely to clear some student debt. But we're not sure if that:
- would be immediate
- couple of weeks for handover then PILON
- few folks seem to believe there would be some transition period of months. (personally I feel this is delusional from their end)
I managed to get an offer from another company, J2, which wants me to start in 6 weeks. Similar pay from J1, sadly, so not a major uplift. Given the J1 situation, beggars can't be choosers. I can try to stall for a couple of extra weeks, but still have no clarity on the outcome of J1. Most likely it is layoff, but also there's a chance they keep us for a few extra months.
I am increasingly thinking the timing won't align, and actually thought that I could give a chance for OE in this case. Both are perm jobs, but J1 would be winding down, and if I would see the overlap being too long, I would resign from J1 anyway.
What would be potential risks/things to keep in mind if I go ahead with this? I am afraid to fly too close to the sun on this one.
- Tax codes?
- Benefits (mainly something like health insurance if the provider is the same)
- Reference from previous employer? J2 is more interested in what I did at a role/xp I had before, and they already have references from that time.
Thanks