ML Layoffs - No severance?
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Sounds like you are not interested in Jones, but at your stage, they would put you on salary and treat you as a new person. So any assets you bring over will count toward your bonuses. Not sure your location, but it might be wise to talk to a few local offices.Like justdrastik I also got axed at ML on 1/26. It seems like even if you were making your goals you got canned. As far as severance pay goes, I got none, but would pursue it if there’s a possibility. Doesn’t seem likely.
Apart from EJ who else might be hiring Licensed FA’s w/ 2.5 years experience and many outstanding professional qualifications?
Thanks,
Well, unfortunately it looks like my career at ML could be short lived. I think this goes without saying, but obviously if you are laid off, you do not have to pay back training costs, correct? I think the only conditions under which you have to pay it back are if you quit or provoke termination by deliberately underperforming.
Is this program going away entirely? I was declared "the last PMD hire" at my branch, and that there is now a "hiring freeze" with the exception of "recruits" from competitor firms. Should I start looking...again?Rick, i’m sorry to hear about your situation at ML. If I were in your shoes I think I’d have resumes and the addresses of all other local firms with the BOMs name in my car at all times. Then if I got the word I’d visit every one of those BOMs before I went home that day.
Hopefully it doesn’t come to that for you though. Good luck and best wishes.