Finboy is on the job hunt

[ExtraSlow]

I'd take 22 days severance to leave my current place....

[finboy]

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My friend works at Shaw, she was deemed critical for the moment. She's had lots of colleagues lose their jobs though over the years, many have had a great deal of trouble finding equivalent work. You can really stagnate at a place like Shaw.

This is telecom as a whole, so many people would just get in the industry, enjoy the stability, and convince themselves that their skills aren’t transferable. In some cases (technical background) absolutely, but it’s an attitude that touches a lot of roles for more general tasks. I am hearing more about the numbers of layoffs, surprised it hasn’t hit the news as there are some areas where whole departments lost 50ish percent.

[suntan]

Seemed to be the opposite for a lot of the laid off, they were convinced they'd find a new job that paid the same quickly.

[03ozwhip]

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Seemed to be the opposite for a lot of the laid off, they were convinced they'd find a new job that paid the same quickly.

That's why my SIL didn't do it. 48-52% taxed and not allowed to go on EI. Shitty deal.

[Xtrema]

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That's why my SIL didn't do it. 48-52% taxed and not allowed to go on EI. Shitty deal.

Depends on stage in your life I guess. I would definitely take 22 months package and fuck off and travel at my stage.

[ExtraSlow]

I think you ARE allowed to go on EI, just not until that severance "runs out" which would be 22 months.

[Xtrema]

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I think you ARE allowed to go on EI, just not until that severance "runs out" which would be 22 months.

This. But you can't leave the country while you are on EI. Limiting travel options.

[ExtraSlow]

I'm too lazy to check, but you should be able to travel during the waiting period or deferral period or whatever it's called (that 22 months). Agree that you can't be out of the country when receiving regular EI amounts.

[Xtrema]

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I'm too lazy to check, but you should be able to travel during the waiting period or deferral period or whatever it's called (that 22 months). Agree that you can't be out of the country when receiving regular EI amounts.

That's what I meant, you need to pause payments while you are out.

[msommers]

What is driving the layoffs for telecoms? The Rogers/Shaw deal makes sense that they have to thin the herd but elsewhere...?

[finboy]

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What is driving the layoffs for telecoms? The Rogers/Shaw deal makes sense that they have to thin the herd but elsewhere...?

Saturation of market, need for new subscribers when everyone already has internet/cellphone. Telus tried to get new customers by jumping into new industries (home security, health, agriculture, etc.) and did so by buying their way into markets, and pushing eastward. A lot of these expansions were funded when interest rates were low, interest rates aren’t low now and not all those expansions didn’t turn as profitable as expected. Sadly, frontline and enablement staff don’t drive these decisions, but cutting opex for the quarterly results is easiest by eliminating headcount.

[bjstare]

Lots of older businesses, especially those that grow through acquisition, have quite inefficient operations. Optimizing workforce to reduce opex isn’t always simply laying people off just for the sake the quarterly numbers, it’s actually the right thing to do.

Regardless, hope you land on your feet. Change brings opportunity.

[Asian_defender]

For the Shaw/Rogers deal I know they got screwed with all the interest rate hikes. The direction from senior management was to cut costs at whatever expense. They didn't even bother getting their team up to speed with the Shaw network and all the intricacies. Lots of customers are going to be screwed as essential staff either got let go or took the voluntary package. There were whole teams that supported products like their SD-WAN offerings and all the custom deals that got eliminated without even asking about ongoing projects. Not a good time for the telecom sector right now

[suntan]

That just means the rates are working.

[flipstah]

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I think you ARE allowed to go on EI, just not until that severance "runs out" which would be 22 months.

If you accepted the package, you're not eligible for EI since you voluntarily left the company.

[ExtraSlow]

I don't know if there's different ways that can be structured, but I have gotten severance AND EI once that ran out. Maybe voluntary/optional severance vs non-optional severance is the difference. That might make sense.

You know, even though I've been on EI three times in the last decade, there's lots I don't know.

[suntan]

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If you accepted the package, you're not eligible for EI since you voluntarily left the company.

I'm fairly certain that's wrong.

https://www.tjworkplacelaw.com/blog/...%20of%20months).

[flipstah]

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I'm fairly certain that's wrong.

https://www.tjworkplacelaw.com/blog/...%20of%20months).

Oh there's two different things that happened there.

There's the severance package that you quoted and theres the 'Voluntary Departure Program', which you accepted a package to voluntarily leave.

[suntan]

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Oh there's two different things that happened there.

There's the severance package that you quoted and theres the 'Voluntary Departure Program', which you accepted a package to voluntarily leave.

I don't think there's a legal distinction there.

[finboy]

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Oh there's two different things that happened there.

There's the severance package that you quoted and theres the 'Voluntary Departure Program', which you accepted a package to voluntarily leave.

Mine was the non voluntary mode, so I will apply for ei and hopefully not need it