Instability at work WWYD

[Undecidedthiswinter]

I like my team, I’ve made decent friends, and they’re all super friendly and I feel like I’ve found my people in that sense.

i also really like my clients, but I don’t like the leadership nor the product, and more often than not it takes me out of my comfort zone.

the company has already made some quiet redundancies BUT we just has hired someone super expensive and closed a very decent deal. Which makes me think we still have some time.

i have a redundancy insurance policy that kicks in in April, so overall I feel like things would be ok.

in the background a company approached me and I’m fairly confident I can get this job. It’s my area of expertise, I know this industry inside out. They’re also bringing tons of people from my previous company including 3 ex colleagues who are varying degrees of “nice”.

Part of me thinks I should just take this new job, part of me thinking I should wait it out, wait for the insurance and then take my time.

So my AIBU is… am AIBU for potentially ignoring the “bird in hand philosophy “?

The lack of progress is not down to senior leadership and my relationship with them. They’re adamant we need middle management (we don’t!) and we’re not growing enough to get more people that would then lead to leadership roles. If they scrap the hiring of that middle management role, then I could see a glimmer of hope for growth, but even then we’re still stagnant in revenue terms.

Palladian - I have a referral code (I think!) in case you’re interested.

Go for the better long term option.

I don’t know your sector but I do know quite a few people who have been made redundant and found it harder than expected this time to find a new job. It might be tempting to take the redundancy payout just to get value from the policy but if it runs out before you get a new job (I assume it theoretically could) this wouldn’t be fun. Especially if you have dependents/ mortgage etc.

yes, the voluntary redundancy terms do apply (which wouldn’t be my case), and my policy is for guaranteed £2500 pcm.

Well they’ve made at least 10% of my colleagues redundant and keep freezing roles.

plus I’ve been part of voluntary vs forced… that’s nor here nor there in this case.

I don’t know all the details as the CEO hasn’t said a thing but yes, that’s it in a nutshell.

we know at least couple were supposed to be performance related (and maybe another one).

half of them were without a clear explanation and some were from people who had been at the company for many many years.

Tech recruiter here - you should at least talk to the other company. Moving Series A to Series C does not guarantee more stability but it does likely give you more insight into their market positioning and track record of growth. Of course you might be jumping off a rocket ship but it doesn’t sound like you think that’s the case.

Unfortunately after so many years in tech now I know that we don’t choose this industry for the stability it gives, but for some of the other perks that come with it.

Yes, churn could get under control and we become the disruptor they told me we were, but now being inside I feel the likelihood of it happening is low to mid.

I wouldn’t call it drama but because no explanations were given there’s a ton of speculation.

We’re a small company (officially 70), and they’ve gradually got rid of at least 8-10 people.

and one guy jumped ship.

However, there’s been a few almost hires (they cancelled the role in the 11th hour), recruitment freezes, etc….

I feel I’m safe for the foreseeable future, but that doesn’t mean there’s a long term future.

Just to clarify the poor performance was not of the established employees. There are two separate groups.

I actually do have enough work, so I’m not necessarily fearful for my immediate future. However, the environment is still not very nice. Plus the uncertainty of “how long do I have?” I feel I have 6 months give or take (or longer), with no room for growth.

Regardless of the redundancy situation, I would take the new job. It sounds better than your current situation and is in your area of expertise. It seems like a bit of a no-brainer. I understand you have the redundancy policy, but I don’t know why you would put yourself into a tenuous situation when you seem to have a good offer on the table.

Yeah you’re right! The only “downside” is that it’s a lateral move (plus potentially my ex colleagues). Still more £££ though.

The "bird in hand" sounds like it's in the end stages of bird flu.

Cut your losses.