As a city worker in Los Angeles the news that 4,000 jobs would be eliminated from the city of LA was like a blow to the chest. That’s 1/3 of the total work force, as someone who just bought their first house I wouldn’t be lying if I said I’ve lost sleep wondering what I’m going to do if I’m laid off.
So, I started this thread for others who are facing possible layoffs or know someone that is. What company do you work for and what are your plans if worst comes to worst, or simply vent if it helps.
I work for a large defense contractor that was bought out by a huge company. There barracudas are basically corporate raiders who are in the process of closing and combining facilities all over the world on us. We’re one of the companies taking in work from closed out locations, so we should be safe for years. I can retire right now, but would have to get a job elsewhere. I’m hanging in for the severance package (6 months) and 2 years of unemployment. I got skills and can work elsewhere if I have to.
Yep, getting laid off at the end of next month. This is the 5th time in 15 years and I’m done with telecom, got my NSCA CPT last year and am going to try to do my own thing out of my house until I can get a little gym going. Getting a nice severance package and thanks to Obama I can live off society for a good long time /sarcasm.
It’s a rough time out there. My family just found out that my Mom would be laid off (teacher), my Dad has had his entire bonus package removed (valued at over 100k+) and his salary reduced by 50%, and 2 years out of college and I still can’t find a job in my field (finance). Hopefully things will start to turn around for all of us here and those we know.
[quote]LiquidMercury wrote:
It’s a rough time out there. My family just found out that my Mom would be laid off (teacher), my Dad has had his entire bonus package removed (valued at over 100k+) and his salary reduced by 50%, and 2 years out of college and I still can’t find a job in my field (finance). Hopefully things will start to turn around for all of us here and those we know.[/quote]
Dude, I feel you. My business partner’s whole family is in Banking and Finance and they were all laid off last year. If you have any kind of sales/marketing skills you might want to consider getting into the residential mortgage side of things. It’s a commission job and it’s rough starting out, but if you can make it in this market, when the market rebounds, you’ll be a millionaire.
On the flip side, I cad one client last month that I worked my ASS off for to get him qualified and when I finally do, the dumb son of a bitch was late on a ~$20 MACY’S payment which tanked his credit score and fucked up a $12,000 commission!
Being laid off sucks. Go into business for yourself - then the only one that can fuck it up is YOU.
[quote]angry chicken wrote:
Being laid off sucks. Go into business for yourself - then the only one that can fuck it up is YOU.
Good luck.[/quote]
Trying to go into business right now actually. Working on an investment (150-300k range depending how many franchises I buy, hopefully 2) that I hope comes through this week. My investor got burned in the past by a friend though and is off again on again. Hopefully it works out though.
I will be getting laid off sometime in the next year. The last company I worked at was a startup biotech that got bought and then closed down. I joined another startup that is nearing it’s end soon as well. Clinical data is promising so it will most likely be another sale, but I will most likely again be deemed “redundant” and laid off.
It kind of sucks because this is the first place I have worked where everybody is a good person. There isn’t a single office asshole here. We have a lot of fun and the company treats me well.
Hopefully the company will sell for enough to give me some money to make it to the next job.
[quote]LiquidMercury wrote:
It’s a rough time out there. My family just found out that my Mom would be laid off (teacher), my Dad has had his entire bonus package removed (valued at over 100k+) and his salary reduced by 50%, and 2 years out of college and I still can’t find a job in my field (finance). Hopefully things will start to turn around for all of us here and those we know.[/quote]
I have a lot of friends that this happened to. They finished school with no where to go. I know one guy who has a Masters degree and a CCIE who is having a hard time finding work, he ended up settling for a job pulling in 50K a year, which is sad considering his level of education and the fact that the average CCIE (without a masters) is supposedly making around $80K.
If you’re in the job market right now, best keep your game face on and be ready to sell yourself cuz the competition for jobs right now is pretty high.
[quote]greggio wrote:
I will be getting laid off sometime in the next year. The last company I worked at was a startup biotech that got bought and then closed down. I joined another startup that is nearing it’s end soon as well. Clinical data is promising so it will most likely be another sale, but I will most likely again be deemed “redundant” and laid off.
It kind of sucks because this is the first place I have worked where everybody is a good person. There isn’t a single office asshole here. We have a lot of fun and the company treats me well.
Hopefully the company will sell for enough to give me some money to make it to the next job.[/quote]
Greggio, which startup? My last layoff was from a startup biotech in Boston/Cambridge, PM me if you don’t want to advertise. I’m looking to get back into biotech, so maybe we can help each other out.