I would say that three broad clusters of views were present.
View #1 is roughly [the CEO]'s expressed view -- that somehow the cleft-in-twain shiny magic will improve the odds of getting funding, and that this is all a temporary inconvenience.
View #2 is the cynical view. I would say that my view is more or less the center of the cynical explanation cluster.
View #3 is the "wait and see what happens" camp. This view tends to be held predominantly among those without mortgages.
I don't know what you specialize in, but MIT has some programmer-ish jobs: http://hrweb.mit.edu/staffing/index.html They may be more webby than you want, but at least we're not a telecom. :)
Oh I think it's pretty clear that the spinoff was done to take all of the debt and responsibilities and get them clear of the rest. It's a layoff AND it takes the debts, what's not to like?
Not that you should trust me after I got you into the pickle you're in now but my new company is hiring... it does have a big pile of accumulated java with everything that implies though. On the other hand, it's making hundreds of millions with like a 50% profit margin. I'm working in "new initiatives" which is a little separated from the main company to build new stuff. The last thing built was the flights product, now we onto vacation rentals.
My theory is that the reorg and/or furlough are justifications to resign for cause and thus be eligible for unemployment.
The bit with only a week of notice is definitely sleazetacular. I'm not big on making things illegal, but suffice it to say that once I am no longer under an employment agreement I will be happy to suggest several people who no prudent person should ever work for. It's a notable contrast to my last employer, who gave us a heads up two months before the company folded.
I'm certainly "exploring all options", so I'll send along my resume out-of-band.
Comments 17
I was foolish and didn't cancel my vacation for yesterday when the meeting got scheduled, so I missed all of the in-person ranting I'm sure went on.
Did other people air similar views? Did anyone come up with an explanation for this that made sense?
Reply
View #1 is roughly [the CEO]'s expressed view -- that somehow the cleft-in-twain shiny magic will improve the odds of getting funding, and that this is all a temporary inconvenience.
View #2 is the cynical view. I would say that my view is more or less the center of the cynical explanation cluster.
View #3 is the "wait and see what happens" camp. This view tends to be held predominantly among those without mortgages.
Reply
Funny how that happens...
Best of luck to you, visage/, and anyone else we know who's affected.
Reply
http://hrweb.mit.edu/staffing/index.html
They may be more webby than you want, but at least we're not a telecom. :)
Reply
Not that you should trust me after I got you into the pickle you're in now but my new company is hiring... it does have a big pile of accumulated java with everything that implies though. On the other hand, it's making hundreds of millions with like a 50% profit margin. I'm working in "new initiatives" which is a little separated from the main company to build new stuff. The last thing built was the flights product, now we onto vacation rentals.
My theory is that the reorg and/or furlough are justifications to resign for cause and thus be eligible for unemployment.
Reply
Reply
I'm certainly interested in hearing about your new company. Newton isn't wonderful, but I've seen worse and ukelele did the Newton commute for years.
Reply
Given the split I can't believe that the GSM side is really being taken seriously.
Reply
I was kind of thinking that sounded like it should be illegal. it's so sad how easily a good workplace can be ripped apart
Reply
I'm certainly "exploring all options", so I'll send along my resume out-of-band.
Reply
WSJ article about what they do here
http://www.palantirtech.com/careers/positions
Good luck,
--Beth
Reply
Leave a comment