My last job did this. They offered more for those who had worked there longer. People with over 15 years got about a years pay and they all took it. People who had been there under a year got nothing so they all stayed.
I was going to take then they withdrew the offer for all devs. I think a lot tried to take it and they realised no one would be left. I would have got 3-4 months pay. Loads of institutional knowledge lost though, i left anyway a few months later.
Absolutely. The ones who’ve resigned mentally are fine within their positions. The people with all the business connections and references will be the ones to grab the money and simply start something new. It happened at my company. I was only 3 years in, so it wasn’t enough money for me to quit. But loads of good people left the company.
In my experience with this format, only the good ones are leaving and you’re stuck with the rest.
My last job did this. They offered more for those who had worked there longer. People with over 15 years got about a years pay and they all took it. People who had been there under a year got nothing so they all stayed.
I was going to take then they withdrew the offer for all devs. I think a lot tried to take it and they realised no one would be left. I would have got 3-4 months pay. Loads of institutional knowledge lost though, i left anyway a few months later.
Absolutely. The ones who’ve resigned mentally are fine within their positions. The people with all the business connections and references will be the ones to grab the money and simply start something new. It happened at my company. I was only 3 years in, so it wasn’t enough money for me to quit. But loads of good people left the company.