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Unread 2017-01-19, 04:41 PM   #1
Justin 05 STi
 
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Default I survived a corporate restructuring

feelsgoodman.jpg

We are not that big, they cut 20 people and roughly 90 have new managers / structure. This is not quite a year after a merger.

Anybody else have recent success or horror stories they would like to share?
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Unread 2017-01-19, 05:10 PM   #2
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Man, good on you.

I left my last org as they were going through it. Laid off 1300 employees but my dept wasn't touched. However, shortly after I left the entire set of staff in my dept was "sold" back to Cerner, so everyone transitioned back to them. I wasn't wanting to do that for many reasons so I'm glad I left when I did.
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Unread 2017-01-19, 05:32 PM   #3
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My company was acquired by a PE firm less than a year ago, and the restructuring is really starting to hit us. I got a promotion during all this though, so that was pretty neat!
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Unread 2017-01-19, 10:18 PM   #4
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In 2014 I left a job and went to New York Life. Rumors were that we were getting sold, even before I took the job. 60 days after I got hired, we were announcing our sale to John Hancock.

Things could not have worked out better. They restructured our comp agreements, and I have the ability to make $60K more per year now than I did before.

In year one, I made about $50k more than max eligible comp in the prior year.
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Unread 2017-01-20, 10:09 AM   #5
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I left government contracting at the end of 2016 for a position with the railroad. I now have amazing benefits, a pension, stock, etc. It was a calculated move as I find myself closer and closer to retirement.
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Unread 2017-01-20, 01:58 PM   #6
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lol
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Unread 2017-02-22, 08:12 AM   #7
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I just lost my job yesterday due to this. Survived 6 rounds, but they decided to let me go and keep the guys that were reporting to me instead.
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Unread 2017-02-22, 08:59 AM   #8
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I just lost my job yesterday due to this. Survived 6 rounds, but they decided to let me go and keep the guys that were reporting to me instead.
Damn, sorry t hear that.
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Unread 2017-02-22, 09:24 AM   #9
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SIX rounds, damn! Hope you got a decent severance?
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Unread 2017-02-22, 09:41 AM   #10
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Unread 2017-02-22, 09:59 AM   #11
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SIX rounds, damn! Hope you got a decent severance?
Basically 7 weeks, plus my bonus paid out at 100% and 14 days of vacation paid out, Plus benefits for the 7 weeks. Not bad for only being there for 18 months. Still better than being a lead at Cerner. Time to start looking for a PM role somewhere in KC.
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Unread 2017-02-22, 10:14 AM   #12
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Damn, sorry t hear that.
Thanks, it happens. You usually end up in a better situation than you were before
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Unread 2017-02-22, 01:59 PM   #13
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Basically 7 weeks, plus my bonus paid out at 100% and 14 days of vacation paid out, Plus benefits for the 7 weeks. Not bad for only being there for 18 months. Still better than being a lead at Cerner. Time to start looking for a PM role somewhere in KC.
The KC Federal Reserve is(was) hiring a lot of PM type positions.. once the hiring freeze is up, they should be ramping up again.
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Unread 2017-02-22, 02:35 PM   #14
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The KC Federal Reserve is(was) hiring a lot of PM type positions.. once the hiring freeze is up, they should be ramping up again.
Thanks for the heads up. Actually 4 of my coworkers recently left to go to the Fed. My specific area was automation and I hear the Fed is looking at utilizing it soon.
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Unread 2017-02-23, 07:43 AM   #15
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Garmin is looking.

https://www.linkedin.com/jobs/view/247520830/
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Unread 2017-02-23, 10:52 AM   #16
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Thanks! I'll take a look at their site.
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Unread 2017-03-17, 08:23 AM   #17
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Basically 7 weeks, plus my bonus paid out at 100% and 14 days of vacation paid out, Plus benefits for the 7 weeks. Not bad for only being there for 18 months. Still better than being a lead at Cerner. Time to start looking for a PM role somewhere in KC.

Do you have your PMP?
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