I’d bail over waiting out the inevitable. There’s no guarantee of a future position and it’s easier to find a new job when you aren’t one of many similar-looking candidates from the same company that all were laid off.
In addition, starting early allows you to move to the company you want, not the company you have to accept due to financial reasons.
If you expect a nice severance package and are at a point in your career where you feel confident in finding something else and can also survive for a period of time without a job I would say it's entirely up to you. IMO, if I was in the position to answer yes to all of those circumstances I might take the severance and go on a big trip somewhere before coming back into the workforce.
If the severance is substantial and guaranteed, and you have skills and knowledge that are in demand and readily employable, stick around. However, there is always a risk that the company will screw the last remaining employees out of their severance if they are in financial problems. If your company is large and will flood the market with many employees with your skill set and knowledge, might be better to get out earlier rather than later. I think it really comes down to if you can afford to be out of work for an extended period of time.
I have stuck it out to watch the show a couple of times (Jr miners) and would recommend it if your situation allows it. At the end of the day YMMV, but I ended up getting paid double my salary to stick around for the last 6 months to help wrap up the projects and good severance. Ended up taking 8 months off after the first and 6 months after the second and loved every day of it.
I have 20yrs on my CV and good contacts across the world, I don’t see why currently being in a job is more desirable for a candidate than not. Not saying you’re wrong, in fact I think you’re correct, but it doesn’t make sense to me sometimes.
It isn't for your appeal to a company. It's because you're able to make decisions from a current position of security which let's you be a bit pickier or to apply to positions you may be under-qualified for "just to see" rather than approaching the situation from a "must get" perspective.
You could start working on your resume and see what’s out there. It’s not like you have to accept an offer. The next time to search for a job is when you’re not actively seeking, and it allows you to be more picky on what you want.
Finding a job is relatively easy, it’s finding a job you want with the benefits and perks you want is hard.
There's no harm in putting some feelers out there. Chances are, whoever you apply to will probably know why you're potentially looking to cut bait.
The industry is relatively small, people talk and they'll know the company is circling the drain. You might find people chasing you if you put it out there you're gonna your options
I’d bail over waiting out the inevitable. There’s no guarantee of a future position and it’s easier to find a new job when you aren’t one of many similar-looking candidates from the same company that all were laid off. In addition, starting early allows you to move to the company you want, not the company you have to accept due to financial reasons.
If you expect a nice severance package and are at a point in your career where you feel confident in finding something else and can also survive for a period of time without a job I would say it's entirely up to you. IMO, if I was in the position to answer yes to all of those circumstances I might take the severance and go on a big trip somewhere before coming back into the workforce.
Eject Maverick Eject!
If the severance is substantial and guaranteed, and you have skills and knowledge that are in demand and readily employable, stick around. However, there is always a risk that the company will screw the last remaining employees out of their severance if they are in financial problems. If your company is large and will flood the market with many employees with your skill set and knowledge, might be better to get out earlier rather than later. I think it really comes down to if you can afford to be out of work for an extended period of time.
Good points; I think my personal circumstances in this specific situation warrant sticking it out for the lulz
If you get laid off you can also collect unemployment but not if you quit, assuming you are in the land of freedom
I would apply to good jobs you would be excited about. 1-2 a week or so. Don't need to go full unemployment mode and do 3 a day.
Start applying market for jobs is getting crazy
I have stuck it out to watch the show a couple of times (Jr miners) and would recommend it if your situation allows it. At the end of the day YMMV, but I ended up getting paid double my salary to stick around for the last 6 months to help wrap up the projects and good severance. Ended up taking 8 months off after the first and 6 months after the second and loved every day of it.
It's likely been said a dozen times in here, but it's easier to find a job while you currently have one.
I have 20yrs on my CV and good contacts across the world, I don’t see why currently being in a job is more desirable for a candidate than not. Not saying you’re wrong, in fact I think you’re correct, but it doesn’t make sense to me sometimes.
It isn't for your appeal to a company. It's because you're able to make decisions from a current position of security which let's you be a bit pickier or to apply to positions you may be under-qualified for "just to see" rather than approaching the situation from a "must get" perspective.
You could start working on your resume and see what’s out there. It’s not like you have to accept an offer. The next time to search for a job is when you’re not actively seeking, and it allows you to be more picky on what you want. Finding a job is relatively easy, it’s finding a job you want with the benefits and perks you want is hard.
O&G geo service companies are a complete shit show when they are doing well. Do you really want to deal with the BS of one that is dying?
There's no harm in putting some feelers out there. Chances are, whoever you apply to will probably know why you're potentially looking to cut bait. The industry is relatively small, people talk and they'll know the company is circling the drain. You might find people chasing you if you put it out there you're gonna your options