Sunday, July 19, 2026

Moominmama Redundancy

I don't think I have mentioned that Moominmama is being made redundant. This is a compulsory process. 150 people are being cut from her division. Currently, we are in the notional internal redeployment period, but all the opportunities they send her are not relevant to her skills. So, it looks like she will reach the end of the track at the end of this month. After that, their process has a fast trach and slow track. You can quit within a week, or stay another 8 weeks. The fast track pays a bit extra money and we get to use the redundancy package of around $100k faster. So, I am encouraging her to take the fast track. Work in her position is project based and she hasn't been assigned to any project, so I don't see a reason to stay on the slow track, which makes sense for someone who is handing over to other people maybe.

She is 51 years old, so unlike me, she is not retiring. We'll see what she wants to do. We should be able to handle it financially. At our current rate of spending, our required annual dissaving rate rises to about 2.3% from below 2%.

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