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AIBU?

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Original poster

To take redundancy and start again?

42 replies

Roopdedoop · 18/06/2025 22:43

My employer has been offering voluntary redundancy, a pretty generous package…….
i don’t particularly like my job, although I’ve been acting up for nearly 2 years for a
role I have worked hard for and was told I would be upgraded soon. I considered redundancy but withdrew as I wanted to keep what I’d worked for. I’ve now been told they are no longer giving me the promotion and it was a bit of a waste of times so feeling really undervalued and demotivated.

i went back to HR and enquired and they have offered me the redundancy package to leave either end of July or end of August. I dont know what to do. Is the job market really so hard now? Keep hearing that it is. I’m no spring chicken but I also will have a mortgage to pay for another 25 years, just bought a house. Scared I will make the wrong choice. If I could get another job quickly it could be life changing. I could pay off all my debt and start over. If I don’t though I’m throwing away a stable job, but one with no prospect for
development.

sorry for the long post, thank you if anyone reads it!

OP posts:
coffy11 · 19/06/2025 06:13

I'd go for it. It's a good amount to pay off your mortgage and pretty likely you'll find something within a few months. And they've given you til the end of August which is heaps of time to find another job.

I've been made redundant a few times and each time payout has been really handy.

Gonk123 · 19/06/2025 06:12

Why are t you already applying for jobs to gage it…

mylovedoesitgood · 19/06/2025 06:09

I wouldn’t, not with a mortgage to pay, and presumably by yourself as you don’t mention a partner. The job market is awful and for some of those £25K jobs, employers want people who are younger. It’s also easier to find a job when you have a job. I would stick it out as long as you can whilst being as frugal as possible to pay off the debt quickly.

notthatoldchestnut · 19/06/2025 06:00

I think go for it. £25k is just over NMW now so, I think that you will find something.
try to not down sell yourself though - 34k + is really what you’re looking for

Zanatdy · 19/06/2025 05:52

As you’ve just bought a house then i’d say don’t do it. But as others have said, depends how likely it is you’ll get another job, and if you have savings to last a good 6 months plus.

rwalker · 19/06/2025 05:50

Go for it if you can afford to go down to25k that opens a lot of job possibilities
also the fact they’ve come back to you means they want to reduce to workforce
been there refused redundancy the I was constantly unsettled as there was always the worry hanging over you about compulsory redundancy

Lindajonesjustcantlivemylife · 19/06/2025 00:00

Roopdedoop · 18/06/2025 23:57

I’m under 40

Show quote history

Hopefully you've got it made then.
Good luck with whatever you decide to do.👍

Original poster
Roopdedoop · 18/06/2025 23:58

CrochetQueeen · 18/06/2025 23:44

If I could drop down to £25k I'd go for it personally. It depends a bit where you live but I'm in a city and there will be a job somewhere generous redundancy packages don't exist where I work it makes a difference having that chunk of money.

Thanks. Also near a city - 20 mins on train

OP posts:
Original poster
Roopdedoop · 18/06/2025 23:57

Lindajonesjustcantlivemylife · 18/06/2025 23:44

Ageism is alive and well take that into consideration if that's an issue.

I’m under 40

OP posts:
stuffystuff · 18/06/2025 23:47

The fact that you were considering leaving anyway makes this an easy decision in my opinion. Leave with redundancy pay off

Lindajonesjustcantlivemylife · 18/06/2025 23:44

Ageism is alive and well take that into consideration if that's an issue.

CrochetQueeen · 18/06/2025 23:44

If I could drop down to £25k I'd go for it personally. It depends a bit where you live but I'm in a city and there will be a job somewhere generous redundancy packages don't exist where I work it makes a difference having that chunk of money.

Original poster
Roopdedoop · 18/06/2025 23:40

HoskinsChoice · 18/06/2025 23:00

What do you do? What level? Rough salary expectations? Do you have any dependents?

Technical Project support, currently 34k, 1 dependent primary school. Money would last me up to a year if frugal

OP posts:
Original poster
Roopdedoop · 18/06/2025 23:38

It’s mid level admin / project support role. Currently on 34k, could afford to drop to about £25k if I got a job in the first few months as I could pay debt off.
I have to decide by the end of the week so no chance of securing another job by then.
i have applied for a few jobs this week already as I was already planning on leaving.

OP posts:
MustTryHarderAndHarder · 18/06/2025 23:00

I would start looking for another job now and see how easy it is.

I personally wouldn't leave a job unless I had another one lined up if I had a mortgage.

HoskinsChoice · 18/06/2025 23:00

What do you do? What level? Rough salary expectations? Do you have any dependents?

napody · 18/06/2025 22:50

It's hard to know without knowing the job market for your particular skills, and location of not wfh. Sorry to state the obvious but that's what you need to research, and calculate how long you could cover your costs with the redundancy if you needed to. Don't spend it/pay things off with it until you have a job offer?