Survived first round of blood letting...

[jfulcer]

I know some of you had given me well wishes with the impending doom of my job. Well, March 1st my company started the first wave of layoffs.

They gave a few people their 60 days notice and let some people go outright (while offering them a significantly better severance package than those who were just given 60 days and subsequent severance).

So the remaining ones of us are happy they are 'doing the right thing'. On with the job hunt. Not other layoffs are planned for the forseeable short term. I'm on a project that will take the whole rest of the month, so I'm confident I'll be held onto if there are anymore layoffs soon.

 

[nativetxn]

I'm glad you survived the first round and I sure hope there are no other layoffs at your company. Scary times

 

[jfulcer]

Originally posted by nativetxn
I'm glad you survived the first round and I sure hope there are no other layoffs at your company. Scary times

Ah, but there will be. We are all 'redundant' since our parent company bought our competitor. Our competitor is larger than we are, hence our being dead weight. It will take us till almost September to do a conversion but by that time they expect on a skeleton crew will be left. My job is GONE by then, I just don't know when...

Life in the banking industry is just GRAND.

 

[Cindy B]

There has been four rounds of bloodletting at my DH's company.

The newest round or rumor is that they are combining two Support Branches into one center. Some are upset, we aren't.

The new center is in another state (DH works in PA, ) , but we live only one town away to where the other center is... in NJ!


Its worse for others who don't want the commute, but we are smiling about this rumor.

 

[WDWLVR]

We just had another round last week and my boss was cut! I have a new boss now who I know will be even better for me and the rest of the department (she's been with the company for many years in another position).

It still scares me that I might be next!

 

[hercamore]

Sorry to hear this...it's a tough situation to be in.

600 employees are being laid off in June from a computer co. here in SE Minn.

herc.

 

[apagano]

I was in your boat a couple of years ago. It was absolutely brutal. The Monday after Thanksgiving back in 2000, the company I was working for laid off 50% of its staff. We dropped from 40 employees to 20 in a matter of minutes. I was the sole survivor of the cuts in my department. Every single cubicle on my side of the office was empty by lunchtime, leaving me all alone in a huge room. What was I supposed to say to my friends as they packed their stuff? It was horrible. I tried to get over it by moving into a nice office with a window that had been vacated by one of the ex-employees. Six months later, despite claims by the CEO that there were no more layoffs coming, the boss called me into his office and...you know the rest.

The economy has been so bad since then that I never did find another full-time job in the same field, so I've been working p/t and have gone back to Grad School. Thanks to smart financial planning and a wife with a great job we have been able to live on one income for nearly two years without much pain.

Best of luck to you, jfulcer. It looks like you are being very smart by planning for the worst while hoping for the best.

 

[CathyCanada]

Glad you've held on this long, Jeff. Good luck with the job hunt!
CC

 

[helenabear]

Having watched too many rounds of layoffs for me to even count, I can relate on how bad it can be to see it happen. Best of luck to you in the job hunt!!!

 

[Kitty 34]

Sending you lots of luck for the 2nd round, Jeff!!!