Part 2. My team is very green and I fear for the drama that will be unveiled as they have no idea what's coming. I'm a Director at the company. I oversee all HR, Safety, Health and Environmental aspects. I recently got a new boss too. How soon should I start marketing myself? How do I even Navigate this conversation? Would you stay? I'm saddened that the President wouldn't think of sharing this with me. Help please

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I say start looking immediately, there are opportunities out there but so many people looking for work after lay offs. Companies can give you little to no notice about letting you go so either start now or make sure you have enough savings for 2-3 months. It may take you that long to find a new position

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Sales are very different and often are kept incredibly private until they go through. This is not done to hurt the employees, but rather to protect the company. Because if a deal fails it can make it harder for another deal to come through. There are a million particulars (do you have shares in the company? Stock options? Do you work in a field where they may want to retain you for a period of time after the sale?) that you need to evaluate to make a plan (if you have stock options with a 90 day window to buy them you might really need to wait until after the sale to accept an offer, even if you start looking now), but making sure you have a plan for what to do if you do get laid off following a sale is a good idea.

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Start looking. A family member recently went through this. She helped with the diligence on the sale too and was “promised” (yes in writing) at least 3 months work/pay following the close of the deal. She was laid off 1 month later and didn’t get all the pay. Looking at it, it will cost her more to hire an attorney than to just let it go. But she’s been looking now for almost 4 months with nearly nothing to show. And she lives in a large city where there should be plenty of jobs.

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Pay off your credit cards.

Get ready for your next opportunity.

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