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Lessons learnedExperience excerpt · English

I experienced something similar at Nokia around the time things were starting to go bad (due to …

I experienced something similar at Nokia around the time things were starting to go bad (due to competition from Google and Apple). I got caught up in one of the earlier layoff rounds. As I've been able to reconstruct since then what happened was roughly that: - I got a excellent performance review and a small raise. All good, keep on doing what you are doing! I was pretty happy. - Nokia started to prepare for layoffs and gave units targets for numbers of people to lay off and amounts of money to save. They tried to spread the pain. - Because of my team's multi site setup the choice came down to cutting at one of two sites. They picked my site. Management was concentrated at the other site. - Because I was at the higher end of the spectrum in terms of salary, I was one of the natural choices for laying off. This was just done based on the numbers and had nothing to do with performance. So, my bosses boss flew over to give us the news and that was it. Nokia was pretty nice about it. …

Original discussionGoogler... ex-Googler984 source comments · at import
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WI

>job security is an illusion It really is. Even government and blue chips aren't safe. In fact, those are where you'll find it's the most disconnected from your own agency.

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MI

> job security is an illusion Depends a bit on your country. My CEO can fire me but there is a longer notice period depending on how long I have been with the company. - 2 years: 1 month - 5 years: 2 months - 8 years: 3 months ... - 20 years: 7 months Germany btw.

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IN

> decent amount of start up funding in the form of a grant This is fascinating? What was it in absolute terms, or relative to your base salary? Did you have to have a viable startup idea and it was paid to the incorporated company? Or was it just extra cash in your personal bank account? Did you do that, or did you just get another job?

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