this post was submitted on 08 Apr 2024
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FIRE (Financial Independence Retire Early)
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Here's a what if for you all this week.
If you were given a choice to layoff 1/3 of your employees (with no reduction in workload) or take 9 months severance, which would you do?
I'm pretty sure I know what I'm going to do, but will be waiting until the last possible moment to commit in case I change my mind. In my case, I could live 3-4 years on my savings (not counting the severance), but that would set back my retirement plans substantially. I'm not looking for advice, just thought this would be a good discussion topic and I'm curious how others would handle this in their own context (not in my shoes).
When someone offers a large sack of cash to leave, I wouldn’t take it as a sign to stay. Unless your employees are super inefficient right now, keeping the same workload for 2/3 the head count sounds like being setup for failure.
The headcount reduction was the major thing for me. We're merging 3 teams, which I expected for a long time now, but I expected more leadership cuts and fewer worker cuts. If I stay, I will have to significantly reduce the quality of work or drive my employees to burn out. I'm not very interested in either option.