Please take this advice: always be ready to jump ship

[TBF]

46. Good advice -

I worked in a small telecom company 15 years ago that was doing a plant closing while they told everyone outside of the executive suite that it was business as usual (I was in legal). Meanwhile I was busy outsourcing the work, selling the property and meeting with bankruptcy counsel just in case they couldn't pull off their plan to keep one strong subsidiary (in the end that is what they did - they actually owned the plant/property so when they sold it was enough to keep a strong subsidiary located in another state).

Most were outsized end of the day on Friday (the board meetings were Thursday nights via phone) - by managers who would be given a few hours to cut a certain amount from their department. It was brutal. Through the rumor mill and after watching this routine for a few weeks many actually had some inkling of what was going on but stayed because their pay was so much higher than local new jobs they could find (not a large city). But they didn't know the plant was actually being closed and that ALL were being let go - and in the end only a handful were offered jobs at the subsidiary. Usually even if they make those offers they know it is likely that most won't take them - which is the only reason they do it at all.