My employer is reorganising the department I'm working for. This came as a surprise to everyone including me. They'll be shuttering an entire line of business, which I am part of, but are focussing the lay-offs in the main site of operations for this LOB. Our smallish team is in a satellite office, unaffected by the lay-offs, even though we have been in the same LOB. The management team is looking to keep us on board to pivot the product we are working on.
They broke the news really just moments after I verbally agreed to take another job. I agreed on the package and we have a date set for signing the contract next week.
However, this reorganisation also brings a new piece of information that I can't possibly ignore: I will be entitled to a generous retention plan. I don't have it on paper just yet, but I expect it to be very sizeable.
I'm not sure what to do with this new information. I've been disillusioned with the strategy this company has been taking, so I was very keen on starting a new job. This job would offer me to change roles into something else entirely, it would have been a welcome change of pace. The big bag of money calls all of that into doubt of course. It can't buy happiness, but I'm at a junction in my life where this kind of money is very welcome.
I'm not sure what to do right now or what would be a good way forward. Do I inform the company that I got offered a retention bonus? Won't they think it's a ruse to get them to offer me some money? Or do I bite the bullet and risk missing out on a ton of money? I'm not sure about anything.