> quitting while layoffs are being discussed has to be among the dumbest financial decision
I understand how one would want to stick around not to miss out on a juicy package but this seems counter productive for the employer, the employees and society in general. I can assume that the productivity impact is non negligible, with many workers sitting on their ass waiting to be laid off. Conversely, some workers might have immediate opportunities elsewhere which they can't take for fear of losing out on the bonanza. Finally, If everybody hits the job market at once when it's done there's more chance that the package money is going to get spent just looking for another job.
There really should be a fair retroactive + proportional compensation mechanism for people leaving on their own during the "negotiation" period.
I understand how one would want to stick around not to miss out on a juicy package but this seems counter productive for the employer, the employees and society in general. I can assume that the productivity impact is non negligible, with many workers sitting on their ass waiting to be laid off. Conversely, some workers might have immediate opportunities elsewhere which they can't take for fear of losing out on the bonanza. Finally, If everybody hits the job market at once when it's done there's more chance that the package money is going to get spent just looking for another job.
There really should be a fair retroactive + proportional compensation mechanism for people leaving on their own during the "negotiation" period.