Today was a Bad day in the working world. If you’ve been following my financial progress on this blog, you’ll know that I am currently at my third full-time job since 2014. I have also only been working at company #3 for a short while.
Being the planner and numbers-lover that I am, I have already set-out to be in my current position at this company for a while, and I’ve of course factored that into how much I expect to increase my net worth by over the next couple of years. As someone looking at early retirement, there’s only a few working years left, and I don’t exactly fancy a shake-up of those numeric predictions.
Unfortunately today, my company just announced that there would be a big, company-wide layoff. While nothing is official yet, the rumor is that we’ll be losing about one out of every five employees.
Those are pretty daunting numbers, and job security isn’t looking too rosy right about now. On one hand, I’m now rather peeved that this company even gave me a job in the first place. I voluntarily left my last job about half a year ago, and while I wasn’t loving it there at the time, there was still no rush to leave it. Every time you move jobs, there is definitely risk. You may not fit in, it won’t be what you thought, you may not perform to their expectations, et cetera. I’m just ruffled that this new company would extend me a job offer, knowing they might be kicking me to the curb a few months later. It puts me in a bad situation career-wise, which could have been avoided.
If you can’t afford to hire me, please, don’t hire me. You’ll do us both a favor.
Of course, I may not be one of the ones laid off. There’s no way to know at this point. However around the office today, other newer people (like myself) were worried that they’d be the first to go, as they had the least domain knowledge and would be seen as the least valuable to the company. It’s a fair point.
Truth be told, a lay-off is not the end of the world for someone in my position. I’m still in a high-demand field (software engineering). I still have plenty of savings that I could live off of for a long period of time. I’m not here on any visa, and I don’t depend on my work for residency status. I don’t have any kids, pets, debt, or mortgage payments. Heck, I don’t even get my health insurance through my current employer! It’s a much better economic position than a lot of people at my company are in right now.
This potential lay-off distresses me because I just don’t want to waste any time getting to financial independence, and I see this as a set-back.
Have you ever been laid off? Survived a lay-off? Let me know in the comments below.
Thanks for reading,