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I'm being made redundant on the 31st Jan.
The usual redundancy period is 4 weeks, they're giving us 6-7 weeks out of deference to Christmas/end of year/holidays. I get paid regularly up until then, unless I find a job sooner and then I can take the redundancy sooner, along with the redundancy package.
The redundancy package is pretty much a quarter of a year's salary for me, so I won't be left destitute.
Hopefully I can get a job in the new year (which means starting applying now) for contract work, which pays rather better.
Between now and then, I'm on 'garden leave' which is basically where you're still employed by the company, you get paid, but you're not actively working for them. It's kind of a preventative leave, to keep you from, say, destroying their systems or their reputation with clients by badmouthing them.
As things go, I'm pretty okay with it. I've been made redundant before, with rather less notice, and I've stretched a redundancy payout before. I don't have to worry about income over the holiday period, and my sister and I deliberately made the decision not to mortgage ourselves to the hilt, so the payments are fairly marginal and she's mostly the one making them.
Mostly, right now, it's the inconvenience of having to scramble for a new job.
The usual redundancy period is 4 weeks, they're giving us 6-7 weeks out of deference to Christmas/end of year/holidays. I get paid regularly up until then, unless I find a job sooner and then I can take the redundancy sooner, along with the redundancy package.
The redundancy package is pretty much a quarter of a year's salary for me, so I won't be left destitute.
Hopefully I can get a job in the new year (which means starting applying now) for contract work, which pays rather better.
Between now and then, I'm on 'garden leave' which is basically where you're still employed by the company, you get paid, but you're not actively working for them. It's kind of a preventative leave, to keep you from, say, destroying their systems or their reputation with clients by badmouthing them.
As things go, I'm pretty okay with it. I've been made redundant before, with rather less notice, and I've stretched a redundancy payout before. I don't have to worry about income over the holiday period, and my sister and I deliberately made the decision not to mortgage ourselves to the hilt, so the payments are fairly marginal and she's mostly the one making them.
Mostly, right now, it's the inconvenience of having to scramble for a new job.
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