Redundancy

mysticsniper

mysticsniper

mysticsniper

Soldato
Joined
1 May 2003
Posts
11,192
I've just been informed by my managers' Manager, that I have been selected for redundancy.

Not been in this situation before, so not sure on what to expect.

From what I have gathered, it looks like a cost cutting exercise across the UK. Although I am the only one in my team who has been selected (they have just employed 2 new graduate analysts).

Have been with my current employer for the past 8 years, it comes as a complete shock.

Just been applying for new jobs, not sure what else I can do, until the company get in touch.
:(
 
Thanks for the support, apprecaite it.

I have asked about VR and if there is more £££ on the table, just waiting to hear back, as well as how many others are being made redundant at the same time. I am very interested to know how I was selected?

I work in Cyber Security, my role is a Security Ops Specialist, I am the only Specialist in the company. The new starters are Grad Analysts, so they get them on the cheap, direct from Uni.

Have been in contact with the DWP, uploaded my CV to LinkedIn, I'm actually surprised on the response on LinkedIn, I have an interview tomorrow already.
 
Last edited:
NickK said:
Seriously you are in a ultra-demand role right now, especially with 8 years of experience and I assume qualifications behind you.

I look after one of the largest AWS estates that AWS have. Our operating company's cyber teams (as well as group) are literally throwing money at cyber security roles. This also puts you in a good negotiating position - even specifying a start date inline with redundancy would most likely be acceptable (here it takes at least 3 weeks for the security vetting anyway).

So I think if I was you - I'd take the money and simply get the CV out there.
Click to expand...

I have 19 years in Sec-Ops behind me, with various qualifications and roles from previous companies.

I have 3 interviews next week, with offerings between £65k - £110k (Based on location, closer to London, bigger the £££) ;)
 
Last edited:
I was invitied to an earlier meeting today, where they tried to offer me a Compromise Agreement.

At first I thought this could be a good offer, but soon realised they were trying it on.

1. They wanted me to agree to be terminated
2. Settlement offer was lower than minimum redundancy package
3. They wanted to charge me a legal fee for the agreement
4. I waiver all rights to take them to court

:eek: :mad: :rolleyes:
 
jaybee said:
Define "terminated". What have they said/stated? Is it in writing?



By minimum, do you mean statutory?



That's not the end of the world depending on total net settlement offer. Many companies consult legal firms to draw up final settlement agreements. It's not a red flag. How much was the fee?



Totally normal in a final settlement agreement. That's the whole point in it. You agree for normally an enhanced package, to "SETTLE" once and for all and promise (legally) that you are satisfied and offer is final. Of course there would be no point in accepting this if it were not for an amount (usually significantly) higher than statutory.
Click to expand...
Yes, I mean as statutory.

The Legal cost is £600+VAT.

I was expecting the statutory amount plus 50%.

To be honest the who situation has left a sour taste in my mouth.
 
NickK said:
However it's a compromise - which means they're essentially offering additional money to add additional restrictive covenants before you leave. Probably because you have not got an updated employment contract with those in.. or they're scared you'll wonder off with their secrets.

If he's in cyber, a contract role would be earning ££££.

Agreed - see it without emotion, look where it benefits you.

Incidentally I've just come off a call where the G-CTO has announced they're starting a consultancy period, got my 1:1 tomorrow (as all have been requested todo so), and we'll see where I fit or not. Not my first rodeo (I think this is the 5th redundancy process - some stayed some departed) and been on the other side.
Click to expand...
I created most of their secrets, and built the Secure Server, then wrote the Security policies. So I don't need to take anything away, afterall I spent 8 years helping reducing risk and threat landscape from state actors.

I had my first consultation, they claim there isn't enough work for my role, which is total ********, it didn't matter what I said, as they've made their decision already.

I am being sent a list of job vacancies, I figure they will use this as a way to not having to pay the statutory redundancy pay. If I reject the offer, without a suitable reason.

I challenged the first final settlement agreement, they are going to get back to me with another offer, wouldn't be surprised with another low ball.
 
Last edited:
I have received another settlement offer today; they are still trying it on.

The settlement figure for leaving today, is the same figures for working my notice period. :rolleyes:

I've told them, there is no incentive to leave and I might as well work my redundancy notice. Unless we can reach a better settlement figure ;)
 
Last edited:
jaybee said:
You mean they basically have asked if you will accept leaving sooner and they will pay off your notice period as well? So say 2 months extra added on?
Have you actually told them what you want? Might save time. You might be surprised. They might just accept and want it done.
Click to expand...
Good point. I'll start with an outrageous figure, we can negotiate from there.

Will see how serious they are about getting rid of this role. ;)
 
-Ad- said:
Firstly, sorry to hear about this.

But moving on, you need to focus and just remove all emotion from this. Don't take the "no **** given" attitude. You are now neogiating against them .

I've been through this a few times, good and bad, my other half has a number of times also and she's in senior positions.

Record everything in writing, record meetings, make notes. Let them go through their process, no matter how bad it is. That can help you down the line.

A compromise agreement should offer enhanced terms so you don't go after them for unfair dismissal etc. Also, they should always pay the legal fees for having the compromise agreeemnt checked and that should be bundled in.

To negotiate properly, you should engage a solicitor who can assist with this. You may have to front some money first, but if their process is as bad as it sounds and they've got to the stage where you are now "being made redundant" (aka they've exhausted their BS trying to put you in another role, find another place for you in company etc), then an employment solicitor letter coming in will put the willies up them.

Finally, if you are that experienced and from what I can see on here, should you be looking at a CISO level position now? That's the way to go and will be big bucks either contract or perm/interim.

If you want the name of the solicitor my other half used, I can find out. They certainly earned their worth and got a far superior package, plus in the end the company paid for the overal legal fees that had accrued.
Click to expand...

Thanks for the advice,

My role is more hands-on, so Security Specialist or Consultant, I am not interested in CISO role, having to complete GRC work is boring enough, especially when its required every quarter.

I have everything recorded, they just sent me the meeting minutes, with a lot of the meeting missing. I've asked for the unedited version.

I agree with going down the Solicitors route. I'm also going to give ACAS another call tomorrow and see what they advise.
 
Just a quick update, the last consultancy meeting went brilliant. A huge bombshell was dropped and one of the directors looked like someone had walked over their grave.

They've gone off to review the new figures, hoping for a decision today.

On the Job front, I've had 4 more interviews, which all went well, although its a longer process than I last remembered.
 
BUDFORCE said:
@mysticsniper

The people demand updates!
Click to expand...
No worries, has been an eventful week.

The settlement agreement was reached on Monday, I forwarded the document to my solicitor, who has sent it straight back with a list of amendments needed to be made. An example is them not paying enough tax, or having me agree to be terminated and not made redundant.

On the job front, I am down to the third and final interview, with 4 companies. Just waiting on an offer from another.
 
Tee Hee Johnson said:
Any updates @mysticsniper ?
Click to expand...
I was offered a job just before Christmas, but just before the paperwork came through, there was a blanket ban job offers.

To get around the ban, I've been offered a 3-6 month contract work inside IR35 while the temp hiring ban is in place. I'm, just waiting on approval for my daily rate.

On the other interviews, I've noticed quite a few freudian slips when they comment in passing how they are building a young dynamic team etc..

So I'm thinking is my age an issue?

Then feedback is the usual positive notes, however the other candidate is more inline with our current values, etc...
 
You must log in or register to reply here.
Back
Top Bottom