I am the lead developer in a team of 7 (inc. business analyst and a digital designer) for a multi-million pound turnover company in London. The company itself has around 100 employees.
My team just finished a major project successfully, the relevant departments have been singing our praises; and apparently out of nowhere the directors of the company decided to terminate the employment of the whole team bar myself and my manager, the head of IT; also cancelling a number of projects in the pipeline. We are told this does not relate to performance and that the company is financially sound, this is not happening to any other department.
My manager will be tendering his resignation as soon as he finds a new role elsewhere because he was not consulted in any way about this basically meaning I will be responsible for anything and everything developmentally for the company, which for a firm this size is simply ridiculous.
I am not sure what to make of this with regards to my own position, should I seek to move on myself or try to exploit it for my own gain? I certainly don't feel at risk but this literally came out of the blue.