I work in industry and was notified that my employer is laying off people in 3 months. In order to get my bonus I have to stay until then. Do I wait 1-2 months before I start applying to other jobs or start now?

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Posting as :
works at
You are currently posting as works at

You can start now but set expectations your first available start date is xx. If they like you, they will make it work. It’s not that far out in the grand scheme of things.

likesmart

Start looking now🧐

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Start in about a month

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Absolutely start now and just bake the retention bonus into comp expectations if someone is ready to pull the trigger immediately.

Hiring takes a long time.

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It took me two months from start of search (first week in Dec) to start date (last week), including two weeks in between jobs. And I actually found my current employer relatively quickly. So I would suggest starting your search now.

You don’t want to start two months from now and end up in *desperate* mode to gtfo.

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I'd start the search now and slowly ramp up the pace as the weeks go by. Even if you were to start the process today you are unlikely to get your first offer 4-5 weeks from now.
If you want to make an excuse, tell them you have a vacation planned and would like to give your notice only after returning from vacation.

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Peloton?

likefunny

Start applying immediately. Why would you wait and possibly be out of work entirely

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Several reasons... first, OP already knows the potential end date, and given that hiring can be a lengthy process, there is no reason to delay and put themselves into a more difficult position

Second, OP has already grown accustomed to a certain income/lifestyle and so intentionally deciding to take unemployment at a reduced level of income for no apparent reason is worse off from a financial state and a career perspective.

Third, being told a company will be having layoffs is already an emotional challenge. Not making a plan to get back on your feet is about the worst thing you can do, as it will only decrease your motivation to interview and leave you with career gaps that can be avoided. It's just sheer laziness.

Best thing OP can do is find a new job that will start a week or two after this one ends, get the bonus, and take a few weeks off to unwind.

likesmarthelpful

Start now

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Start now, just let them now about your start date

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Start now, just let your recruiters know your new start date.

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No reason why you can't interview for a projected start date. Just ask them what their timeline to hire is at the beginning, if they want you sooner say you're open to it if they're prepared to offer you a sign on bonus to match the retention bonus you'd be walking away from

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