My wife is in the same boat. In our case, commuting to Irvine is an option until things resolve out (I already commute to Irvine -- working for another company -- so carpooling is also a possibility). But if you are too far and would need to relocate immediately, this is a tougher decision. My opinions are just opinions; there are some very smart investors betting the other way, and when it comes to uprooting a family; I would think you need to consider and be ready for all possibilities, and delay really major decisions (I wouldn't go around buying a house in Irvine just yet).
Factors to consider:
- What is the "package" if you accept the layoff now?
- What are your employment options where you are now?
- If you have a working spouse/partner, what are their options?
- Are there kids? How will their lives be disrupted?
- If Valeant wins, will you keep your job? (They said that they will keep substantially all customer-facing employees, spin off SkinMedica, continue DARPin research; and pretty much lay off everyone else. Their word is hardly golden, but at least it's a starting point)
- What relocation help will you get?
- What will your options be if you relocated and ended up laid off afterward?
And, lastly and not leastly:
[I don't know if this is any help, but it may be useful to organize your thoughts in an impassioned fashion]
Dan.
