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When You’re Laid Off But Still Have to Go to Work

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When You’re Laid Off But Still Have to Go to Work

Photo-Illustration: by The Cut; Photo: Getty Images

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When layoffs happen, they’re often immediate — former employees are shown the door and locked out of their company email within hours. Others are given a few days to tie up loose ends. But in a few cases, the good-byes drag on … and on and on. Sometimes laid-off workers have to stay on for weeks if they want severance and even train their replacements themselves. It’s awkward! Still, you’re getting paid just to keep showing up. Here, three laid-off women share what they did — and didn’t do — with the extra weeks they had to hang around their old jobs.

At the beginning of December, we all woke up to an email that was like, “The company’s closing in three weeks.” I think it went out at 7 a.m. on a Monday. Everyone came into the office and met with their bosses. And then it was basically several weeks of intense senioritis. No one was working hard or doing much of anything. People were openly interviewing for new jobs at their desks. You’d walk by and hear someone being like, “Well, my strengths are …” Everyone was like, “Who are you talking to? Do you know anyone hiring?” There was a sense of solidarity, and no one gave a shit anymore. Even our bosses were getting laid off, so there wasn’t anyone to be mad at — I mean, maybe extreme upper management, but they weren’t in our office.

It was a weirdly fun time to be at work. All the guise of professionalism was gone. We were all in the same boat, using that time to network and stealing company swag. Within a few days, the office supply closet was completely bare. All I managed to get were some mugs and pens.

They also gave us really good severance — six months of full pay. I wound up having a new job lined up before our last day. Frankly, I don’t think anyone was really that surprised that we were closing. It was a start-up and terribly managed, and they just threw money at everything. At the beginning, they were flush with VC cash, and we could do whatever we wanted — I’d pitch a project that would require me to fly across the country, and they’d be like, “Okay!” It was clear that it wasn’t going to last. There was almost this sense of having gotten away with something.

Five weeks ago, a meeting was put on my calendar on a Friday to discuss changes within my organization. I knew that layoffs were coming at some point — our chief marketing officer had told us a few months ago — but I didn’t think I’d be affected. They’d hired a consulting firm to go through and “streamline” certain departments, but if anything, I thought I’d get good news. I’d built a lot of relationships in my role, and I’d heard that the team I managed, which consisted of 20 people, might be expanding. So I got on the meeting — we’re mostly remote — and made some stupid joke and then I saw my manager looking terribly sad. And they said my role had been eliminated and my team would be decentralized. My boss was sending me text messages the whole time like, “I’m so sorry, I had no idea.”

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Come Monday, I found out which members of my team had been laid off too, and was completely shocked. One was a top performer. There were huge cuts across the company, almost at random. But no one knew who was safe and who wasn’t, which created more gossip. I got a call from a colleague who was like, “Oh my gosh, it’s a bloodbath.” He started listing all these people who were being let go. And I was like, “Yeah, and me too.” He couldn’t get off the phone fast enough.

Some people were dismissed immediately; others were given two weeks. They gave me five weeks, which I think was an attempt to be nice. But is it nice? It seems like they picked my final date based on the end of the quarter, so that they wouldn’t have to budget for my salary next quarter. Ultimately, it was just very awkward. I care a lot about my team, and I wanted to try to help with the transition as much as I could. But five weeks is a very long time to be hovering and feeling useless, the object of people’s pity. My end date was conditional — I had to stay for that five weeks if I wanted my severance package — but toward the end, I was just hanging around. During my last week, I got an automated email from the company congratulating me on my two-year work anniversary.

I stopped setting an alarm in the morning. If somebody needed me, they knew how to reach me, but I was only working for about two hours each day. There just wasn’t that much for me to do. I live near Disney World, so I went there a fair amount. I did a lot of reading. I went to 4:30 p.m. pilates classes. I’ve been looking at my LinkedIn. I trained for a 10K. I spent more time with my friends, and my dog got a lot of exercise. With my severance package, I technically don’t have to work for the rest of the year. Hopefully I find something new before then. But I also need some time to mend from this experience. I know I was valuable here, but they didn’t care — I was just a number on a spreadsheet.

I’d planned to send out a nice farewell note and put up an out-of-office message on my last day. But then, after I had five weeks to plan it, I got cut off from the system early, before I could do it. After all that, I didn’t even get to say good-bye. Now I just have to mail in my laptop.

When I was laid off and told that my last day would be in a month, I was in such shock that my immediate response was Maybe if I work extra hard before my last day, they won’t actually let me go. It was like a bad breakup where you hope you can change their mind. I had just turned 30 and gone through an actual bad breakup with my college boyfriend, too, so I was grappling with my self-esteem on multiple fronts.

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Not that I even considered it, but if I’d left before my end date, I would just get two weeks of severance. So the choice was either get paid for six more weeks or two more weeks — sort of a no-brainer. I was looking for a new job the whole time, but I was also still working my butt off. I stayed in this denial phase that maybe, if I proved myself, they’d be like, “Oh, we’ll keep you on for one more month, and another month after that.” It was delusional.

Some people have the intuition that they’re getting let go. I did not. I was never really given a reason. It seemed like a weird mismanagement issue, though I never really got to the bottom of it.

After I talked to HR, I went back to my desk. I sort of assumed my boss would say something, but she didn’t. So I waited for maybe an hour and then was like, Fuck this, I’m going home. Then I went out with a friend and got really, really drunk. The next morning I was so hungover, but I went into work anyway. And for the next few weeks, I was just trying to do everything as perfectly as possible. There was actually a lot of work to do. I had to finish up all of my deliverables and create a handover memo for all my responsibilities. I was also trying to be strategic. I figured that everyone I worked with might hopefully be a reference for me someday. So I wanted to be in everyone’s good graces.

I had a lot of access to free products at my job, but I didn’t take anything. I was honestly too nervous. I downloaded my contacts and some of my work off the company server, and I even felt guilty about that, which I know I shouldn’t have. At one point I asked my boss if we could say that I was leaving — not that I had been laid off — and she was like, “No.” She was not interested in being remotely helpful. Looking back, I’m so glad I got out of that job. It was such an awful workplace. And it’s wild to me that I was so desperate to stay for as long as I could.

Email your money conundrums to mytwocents@nymag.com (and read our submission terms here.)

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New Interim Finance Director Deal in the Works | South Pasadena Finance Dept. Pushing Through | The South Pasadenan | South Pasadena News

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New Interim Finance Director Deal in the Works | South Pasadena Finance Dept. Pushing Through | The South Pasadenan | South Pasadena News

Scott Miller, a retired municipal finance official with four decades in the field, is being considered to serve as South Pasadena’s new finance director on an interim basis, the South Pasadenan News has learned.

Although an agreement has not been signed or finalized, “we are working on it,” said Luis Frausto, Acting Deputy City Manager.

Miller would become the tenth person to manage the city’s volatile finance department since the departure of David Batt in March of 2018.

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CITY OF SOUTH PASADENA FINANCE DEPARTMENT PAST DIRECTORS

The administrative instability of the South Pasadena Finance Department began with the March 2018 departure of David Batt, who died later that year. He had previously served as Assistant Finance Director and Interim Finance Director as far back as 2007. Since his retirement, nine others have led the department under various titles. This chart was compiled using online City Council and Finance Commission agenda.
The administrative instability of the South Pasadena Finance Department began with the March 2018 departure of David Batt, who died later that year. He had previously served as Assistant Finance Director and Interim Finance Director as far back as 2007. Since his retirement, nine others have led the department under various titles. This chart was compiled using online City Council and Finance Commission agenda.

The news comes shortly after the city confirmed outgoing Finance Director John Downs, who  told the city last month he would retire May 2, has been persuaded to stay on “in a limited term capacity to assist with finalizing the fiscal year 2024-2025 budget,” Frausto said. Downs’ “role will transition from managing daily finance operations to focusing on specific projects, with the budget being his primary responsibility. We expect his contributions to extend at least through June.”

The city is currently scheduled to adopt the new budget June 5—a target that is looking increasingly less certain.

According to press reports, Miller was chief financial officer at the city of Beverly Hills for seven years through 2015, where he was credited with helping secure high ratings for the city from the three major credit rating agencies.

Miller then worked briefly as chief finance officer for Broward County, Florida and then with Urban Futures Inc., a local government service agency in California. In March 2016, he became interim chief financial officer for the city of Riverside, initially under a short term contract. Although he became a Riverside employee in early 2017, he left several months later. At the time, a Riverside city spokesman told a local publication he could not say if Miller’s departure from Riverside was a mutual decision.

Prior to joining Beverly Hills, Miller was employed by the city of Palm Desert, the city and county of San Francisco, the University of California–Berkeley and Turner Broadcasting System. He graduated from San Diego State University with a BA in psychology and minor in business administration and he holds a PhD in public administration from Arizona State University.

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Finance Minister Smotrich urges PM Benjamin Netanyahu to kick Turkey out of hostage deal talks

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Finance Minister Smotrich urges PM Benjamin Netanyahu to kick Turkey out of hostage deal talks

Finance Minister Bezalel Smotrich urged Prime Minister Benjamin Netanyahu to have Turkey removed from the ceasefire talks, in a letter published on Friday.

In the letter, Smotrich stated that he was surprised to have learned that representatives of Israel’s “antisemitic enemy Erdogan” are part of the peace talks, and that “Erdogan should be canceled, and any discussion or ties should be boycotted.”

To back his argument, Smotrich noted that Turkish President Recep Tayyip Erdogan has helped the spread of antisemitism and the hatred of Israel. Turkey joined the legal case against Israel at the International Court of Justice in Hague, and has cut financial ties with Israel. He also noted that the participation of the Turky’s representatives was held in secret from the cabinet.

Peace endangers Israel’s national security

TURKEY’S PRESIDENT Recep Tayyip Erdogan meets with Hamas leader Ismail Haniyeh, in Istanbul, earlier this month. Reports in the media suggested that this meeting was the result of a breakdown in relations between Hamas and Qatar. (credit: Turkish Presidential Press Office/Reuters)

Smotrich further stated the peace talks in Cairo were a “national humiliation,” which harms Israel’s national security and “endangers our existence.” The finance minister claimed that Erdogan had “chosen the terror side of radical Islam” and together with Iran and its proxies, they threaten the peace worldwide.

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He then claimed that Turkey’s participation in the peace talks provided Erdogan a form of redemption and international legitimacy, which are a “hard hit” to Israel’s national security.

“For a long time now we have been on a downward slope toward doom,” said the minister in the letter, saying that from feelings of victory, Israel is descending into defeat and surrender under Prime Minister Benjamin Netanyahu’s leadership.

Smotrich ended his letter begging Netanyahu to “stop! Just stop. Before it is too late.” He then asked him to “return Israel to the natural path of unrelenting war against its enemies, of bravery, of national pride and dignity.”



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Japan finance chief sees need for stable forex moves amid weak yen

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Japan finance chief sees need for stable forex moves amid weak yen

Japanese Finance Minister Shunichi Suzuki on Friday stressed the need for foreign exchange rates to move stably by reflecting economic fundamentals, saying that excessive fluctuations should be rectified.

Speaking at a press conference during his visit to Georgia, Suzuki declined to comment on whether Japan intervened in the currency market when the yen spiked in a short span of time Wednesday in New York.

Japanese authorities have threatened to take action against excessive volatility in the currency market, with the yen falling sharply against the U.S. dollar.

Japanese Finance Minister Shunichi Suzuki (C) and Bank of Japan Deputy Governor Ryozo Himino (R) give a press conference in Tbilisi on May 3, 2024. (Kyodo)

“Foreign exchange rates should be determined by market forces, reflecting fundamentals. It’s desirable that they move stably,” Suzuki told a press conference in the Georgian capital of Tbilisi on the fringes of meetings related to the Asian Development Bank.

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Suzuki added that rapid changes cause negative impacts for households and businesses in making plans. “It may become necessary to smooth out excessive moves,” he said.

Despite market talk of currency interventions by Japanese authorities, Japanese government officials have remained silent, leaving traders in the dark.

“Stealth interventions” are used to make traders jittery and prevent them from making bold moves.

Based on data from the Bank of Japan and market sources, Japan likely spent around 8 trillion yen ($52 billion) this week to step into the market and slow the yen’s decline.

Japanese Finance Minister Shunichi Suzuki (5th from L) and Bank of Japan Deputy Governor Ryozo Himino (4th from L) are among the officials attending a meeting of finance ministers and central bank governors from Japan, China, South Korea and the members of the Association of Southeast Asian Nations in Tbilisi on May 3, 2024. (Kyodo)

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The yen, which earlier this week tumbled past 160 to the dollar, has regained some of its strength. It rose to the 151 zone on Friday.

Still, the underlying trend of a weak yen remains intact, reflecting the wide interest rate differential between Japan and the United States.

The BOJ raised interest rates for the first time in 17 years in March, but rapid hikes are not considered likely. The U.S. Federal Reserve, for its part, is now expected to take a longer time before starting to cut interest rates.


Related coverage:

Yen briefly rises to 151 in N.Y. after weak U.S. labor data

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Another suspected market intervention likely cost Japan 3 trillion yen

BOJ’s March minutes show no urgency to raise rates further


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