How are people having kids, taking out mortgages, car loans when the threat of layoff is always looming

likefunny
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I’ve thought I was going to be fired every year for the last 20 years. I’ve been promoted multiple times and I’ve been leading a growing NA practice for the last several years. I don’t know. Maybe I’ll be fired next year. You get over it.

likefunny

I’ve been here a decade and also felt the same since NGGM - LOL. My wife always asks how I can work among that uncertainty but it is just how it is here. I’m personally at a point where I’m feeling bored/burnt out so trying to find a new home, whether external or within the firm. Please DM me if you’re open to a personal chat. Haha.

Because they are not cowards

likefunny

Double that and give it to the next person.

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I haved saved and invested quite a bit. Have enough cash on hand to keep going for a year at this pace. Significant amount in 401K and IRA. Made sure to jack up my saving/investing percentages every time I got a raise. Bonuses are almost 100% put into investment accounts. The other thing is I keep my network hot. Keep meeting people, maintain contact with useful folks. Regularly doing soft interviews to test the waters

likehelpful

That’s exactly my plan.

Look after yourself. Invest and keep investing. Create a cushion for yourself. Thats the biggest insurance against sudden layoffs.

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Life is full of risks. Live below your means and save money so you never have to worry.

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Life is uncertain, but yet we live! It's like setting that alarm clock to wake up every morning when no one has promised you tomorrow! Something unfavorable will always be in your path, you just gotta keep going!

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Because the threat of a windfall is always looming too. You might be about to have all that stuff paid off tomorrow.

Still waiting on the rich uncle I didn’t know about leaving me everything in their will

likefunny

What's the alternative?

I hear running a daycare center or a hospice is a very profitable business and can make you rich. And in most cases, you don't need any customers. Almost sounds too good to be true.

IBM1 You might want to rethink the statement that it's in Minnesota only. It's probably in all states with a higher percentage in blue governor states. It's relevant to the discussion, because the point is that people can't afford things and fraud is a major contributor to that issue.

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You’re definitely not gonna starve. Most people throughout history couldn’t say that

Just wait until OP sees the odds of physical disability.

Live your live. Get therapy if you can’t get over the fear.

Buy BTC. Money printers go brrrrr

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What should I do? People say that I'm lucky to get paid without doing any work, but it is stressing me out. I need the experience. The uncertainty is freaking me out, with rumours of layoffs and the certification program and all.

How do I get into a project? How long do I have to wait more?

Can I join in Nokia R&D unit for java, spring boot backend developer role considering current situation of layoffs in product based companies ?

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So are the layoffs at Deloitte over ?

The occasional posturing we get in here about getting fired or “cancelled” for bigoted opinions is extra silly when we consider Glassdoor makes you verify with your work email address or LinkedIn to post and if someone really thinks they’re being persecuted, Glassdoor knows who they are lol

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Hi Team,

Few days back I had a post stating that I would be joining one of the consultancy by end of this month, my question was will my joining date be impacted due to the current tech layoff. Is there a way that the new employer can monitor the post and take necessary action?

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Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

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Has anyone been able to negotiate anything extra or terms when being laid off?

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Laid off, 10 years exp, tired of acct management. Feel so lost. Don't want to go back to agency side. What should I do? I feel like 💩

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Recently freed from the consulting game (starting end of next week) with a great severance and new energy around RE. Closed our first REPE fund last year as well as a sizeable personal portfolio in a large midwestern city, all on the side.
If you’re accredited and interested in putting some $ to work in this super low yield environment, ping me! Ramping up the next fund soon.

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Just found out I’m getting laid off in two weeks. How do I stay motivated to do work until then?

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Laid off after Thanksgiving. 54. Not done yet. Plenty to offer. In Detroit but ready and able to move anywhere. AD/CD. Hangin in there. How bout you?

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With so much uncertainty in the economy and waves of layoffs that have hit tech especially hard... do we think there's really such a thing as a recession-proof job anymore if you're not an "essential worker"?

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