Welp,....., I got the middle, and worst, of the "two" options.
I was not laid off today, July 9, however I am now assigned to support a product that we are trying to divest ourselves of. Once we have either divested the product, or buried it I will then be laid off. This will all happen in the next 60 days.
This was a new, unexpected and unpleasant surprise sprung this morning. I had steeled myself to either continue at my company or get a new job, but not to be placed in Limbo.
Furthermore, if the east coast company buying the product offers me, here on the west coast, a job I will have to decline it and indications are that my current company would not have to pay severance as was paid to those laid off today.
What's more, the severance is just wrong for me. The way it was done is to offer two weeks plus one week for each year that the employee was at the company, with a minimum severance of four weeks. I have worked here for two years. Two plus two equals four. Thus, I have worked here the exact amount of time to get the least return on my severance pay.
Lastly the severance is paid out as continuation salary, which means that I will not be able to apply for unemployment benefits (hey, I've been paying into it for years) until the four weeks of severance pay has passed.
[ 07-09-2001: Message edited by: Karnak ]
