I've been working for a company several months now and they're gradually going under financially. No one has said anything about layoffs or declaring bankruptcy, but I also don't want to hang around until it reaches that point. What is the best course of action here?

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Posting as :
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Better start looking somewhere.

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If you don’t have an emergency fund, start building one. Try and cut personal expenses wherever possible. Polish up your resume + interview skills and start looking / applying. You need to save yourself if you suspect the company isn’t going to survive.

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Start looking ASAP. My last company declared bankruptcy and then was sold to another company. If they declare bankruptcy you won’t be getting any severance. Also ad agencies don’t give severance in most cases. Lots of people got laid off at my last place or they left voluntarily cause the culture changed a lot since it was bought by another company. Clients were also pretty mad as vendors paused their ads, ad agencies run into a lot of payment issues when they declare bankruptcy,

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Start looking yesterday! The writing is on the wall. If you get an interview don’t badmouth your current company. Call old friends in other fields. You never know who they know. See if there’s anything you can do for them.

Don’t wait. Good luck.

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I would start saving up money if you want to stick around to the end. Sounds like a good idea to get out early though, unless you think there will be severance pay. Always best to be proactive in situations like this though.

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Correction: TC 51.3 has 15% variable.
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Location: Bengaluru, Karnataka

#mba #marketing #branding #layoff

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