I hadn't considered that angle, honestly - but it goes against everything in their company ethics book. Even though they're sinking, they haven't tried to reach out and screw anyone. Some people with long tenure were given additional bonuses. One guy that had been with them 20 years got to keep his $1900 laptop filled with $2500 in software licenses so he could easily work as a contractor anywhere he could find it.Jeff V wrote:Good luck. Here, anyway, IT is doing pretty well. I'd definitely be cautious of accepting that reduced of a salary for long enough to define your price for prospective employers. Were you offered any sort of severance package? Keep in mind if the company is that unstable, they might kick you to the curb in a few weeks but do so at your greatly reduced salary (which would also affect things such as accrued vacation payouts). The guy is a bean counter, don't think he's not considering this.
I talked with HR this morning and learned that I was going to get a 1 week time delay before termination, with the option to either take my PTO in a lump sum or paid out over a few weeks. I think I have just 2 weeks accrued right now, having taken a week off just last month. That's the extent of the payoff - I get my due and I'm gone.
The HR Director (who I've work with on a few things in the last couple years) is more than happy to provide an outstanding reference for me in addition to a "We did this because we had to, not because we wanted to" letter for me to hand future employers to explain what happened.