Hypothetical situation

[Alphathree33]

You like working there (in terms of your immediate team and the projects you're leading).

The salary is decent and there are opportunities for advancement to a $100K+ salary.

BUT... the buyers of the company have cut salary increases for the year and bonuses will probably be halved. This could all be financial posturing by the current owners who have made certain promises to the new buyers.

In other words, once the deal goes through, it could all sort itself out. The new owners have yet to take full control.

The new owners will likely cut some jobs, but your job is probably safe.

Do you get out now in case things get worse before they get better, or do you stay the course?

 

[Modeps]

Chances are, bonuses and increases this year are going to be small anyways, if you like the job... stick it out.

 

[skace]

You stay the course and start looking for a new job on the side.

 

[Kadarin]

If the economy is entering into a recession, then it may be a good idea to play it safe.

 

[Gibson486]

yeah, job is safe, but (job cuts aside) do you like where the company is headed after everything is done?

 

[PrinceofWands]

Since I don't care in the least about money or position, I probably stay if I like it as much as you say. It would be a bummer for a bit, but either the job is what you want to do or it isn't...nothing else should come into the equation.

 

[Alphathree33]

Originally posted by: Gibson486
yeah, job is safe, but (job cuts aside) do you like where the company is headed after everything is done?

That aspect is actually very exciting -- we're currently a public company which places some restrictions on how we operate.

Since we're going private, it will give the executives a lot more freedom to take the company in a clear direction.

I can't guarantee that I like the direction, but I can say that it could be exciting.

 

[Captante]

Originally posted by: Alphathree33

Originally posted by: Gibson486
yeah, job is safe, but (job cuts aside) do you like where the company is headed after everything is done?

That aspect is actually very exciting -- we're currently a public company which places some restrictions on how we operate.

Since we're going private, it will give the executives a lot more freedom to take the company in a clear direction.

I can't guarantee that I like the direction, but I can say that it could be exciting.

I thought this was a hypothetical situation ... its your company?

 

[CPA]

If you're going to quit or want to quit, wait to see for sure whether your job is safe or not. That way, if they let you go at least you'll get a severance package.

 

[JulesMaximus]

Originally posted by: Alphathree33
You like working there (in terms of your immediate team and the projects you're leading).

The salary is decent and there are opportunities for advancement to a $100K+ salary.

BUT... the buyers of the company have cut salary increases for the year and bonuses will probably be halved. This could all be financial posturing by the current owners who have made certain promises to the new buyers.

In other words, once the deal goes through, it could all sort itself out. The new owners have yet to take full control.

The new owners will likely cut some jobs, but your job is probably safe.

Do you get out now in case things get worse before they get better, or do you stay the course?

I'd stick it out but it also never hurts to polish up the old resume and put some feelers out either.

 

[Tiamat]

stick it out. At the worst, you get a severance package.

This happened when Procter and Gamble bought out Gillette. Many of the older people got cut (golden retirement package).

 

[SearchMaster]

I've been in a similar situation. I ended up going three years without a raise because I believed in the company. I still work there, and it's a great company.

 

[Xstatic1]

Originally posted by: JulesMaximus

Originally posted by: Alphathree33
You like working there (in terms of your immediate team and the projects you're leading).

The salary is decent and there are opportunities for advancement to a $100K+ salary.

BUT... the buyers of the company have cut salary increases for the year and bonuses will probably be halved. This could all be financial posturing by the current owners who have made certain promises to the new buyers.

In other words, once the deal goes through, it could all sort itself out. The new owners have yet to take full control.

The new owners will likely cut some jobs, but your job is probably safe.

Do you get out now in case things get worse before they get better, or do you stay the course?

I'd stick it out but it also never hurts to polish up the old resume and put some feelers out either.

winnar!