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 “?

I wouldn’t describe 10% of the workforce as a a few quiet redundancies. This is serious.

Are you middle management?

No, I’m an IC and I have already brought in twice my salary in revenue, so I’m “profitable” and thus not at imminent risk.

That you don’t know about
You’re only 7 months

That I do know, as the contracts I’ve secured are 2x+ my salary.

Yes, of course there’s running costs etc…. But of the new wave of recruits I’m the only one who’s brought money in.

The insurance is 65% gross, equating to £2500 a month (gross?).

if you are the higher earner and you have kids… can you afford a reduction to £2.5?

So I meant… you can’t be sure your job is secure
not in a company that has very recently slashed 10% of work force

“New wave of recruits”

oh I didn’t realise they’d been hiring lots?

No the £2500 is net. My husband’s salary covers all of our basic expenses, we really just need the car payment, so we’d be fine.

Yes, when I joined there was a massive wave of recruitment, I want to say at least 10-15.

So they took on more than 10%
and then laid off 10%?

how much does £2.5k represent in relation to what you’re currently brining home a month?

Yeah more or less.

I’ve seen it happening before, so I can’t say I’m surprised. I knew it was a gamble when I joined, but not such a “high risk” one.

They hired more than 10% of the company workforce in the last 6-12 months and there’s zero growth? Bloody hell

This is relevant and you should have mentioned in op

so yes they have made 10% redundancies of poor performers and long established names
BUT
they have actually increased the total workforce in a very short period of time

you have the impression this was a company shedding staff and that you’d been worried about your job security since 4 months in!

Yeah I don’t understand your comment.

The company over hired (which is pretty common!) and there's no real career progression for the next 2 years unless things drastically change.

Yes but that’s super common for a series A company.

In order to get to Series B they need constant growth, particularly in revenue which hasn’t happened.

Also almost half of our revenue is at risk.

So now they’re panicking and reducing headcount so the revenue per employee seems higher for investors.

That’s because I go in circles, but overall after the big deals from yesterday, I feel like we gained a bit of extra runway. I don’t think it’s urgent for me to leave, but I think leaving for something that could
be more stable and better overall isn’t a terrible idea.

Unstable and insecure workplaces are not fun places to work. They are stressful, get very political with everyone fighting for themselves and willing to throw other under the bus, when people get the boot or leave due to the uncertainty you have to cover the extra work load.

Don't stay out of some sense of misguided loyalty to the company or the team.

It sounds like the other job is a good fit, has opportunities and excited you. Those are all a positive reason.

It's ok to be selfish and leave. Women in particular don't tend to do this when they should.

Leaving now is a certainty you are in control of. Even though you have insurance, you aren't in control - you only MIGHT get another job you like the look of.

I would never stay out of loyalty, I’ve learned that in the corporate world that’s a nonexistent word.

If you had just posted that you don’t like the product and senior management - I’d be suggesting you leave.

Throw in fact that you see zero career progression for at least 2 years - and I’d be saying that you wouldn’t see me for dust

Throw in fact that you had felt anxious about your job security and the health of the company from 4 months in - no brainer. Leave.

This categorically is NOT the job for you!

It was more like 2 months in!

I remember I could totally see the two guys that were performance related being sacked ASAP.

Which was awful (and one was my manager!)

There’s clearly been a lot of drama in a relatively small company in a very short period of time.

Add in all the negatives… you wouldn’t see me for dust