Money Matters
noffgurl
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Possible Job Instability- What should I do now to prepare?
So, for awhile now, the owners have kept insisting that we have several new big customers that we are going to be serving soon. I believed them because we have stayed pretty busy. But, as of the past couple of weeks we have LOST our two largest customers. This will mean definite hour cuts (because those two made up 60% of our total production). The owners are still swearing that more customer acquisitions are in the works and we should start seeing orders from them in 4-6 months. What should I do? They haven't said anything about laying anyone off because, when I broached this with my GM, he stated that there is no sense in laying anyone off now because we should get busier soon. But what if these deals fall through? One already has because they and the owners couldn't agree on pricing. Should I start looking for another job now while I have the luxury to be picky? Or should I wait until I know for sure where this company is going? I mentioned before about maybe wanting to do internships, is this my sign that I should do that?
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Re: Possible Job Instability- What should I do now to prepare?
I would save as much money as feasibe. I would also start looking around for other opportunities. Godd Luck
I'd also start looking! But no reason to leave the current job until you have a new one. For what it's worth, I've been laid off twice in very similar situations, so I'm extra sensitive.
The first time, I worked for an oil/gas engineering company. When the housing market crashed, the oil industry crashed also about one year later...or should I say "tanked", haha. Projects were being cancelled or postponed left and right. And everyone was very nervous. We had monthly company meetings and in February, employees were assured that...although they'd be tightening up...no one's job was in jeopardy, there would be no layoffs. AND one month later, in mid March, they laid off 20 people including myself. Followed by another bigger layoff six weeks after that. So...yeah.
The second time, I took a job for a specific large project and expressed concern in the interview about a future layoff. Oh no, plenty of work in this area. Although I'm not sorry I took the job, sure enough, two years later as the project was coming to a close, people started being laid off left and right. Then we were awarded another big project. Yay! We were saved!
And then our winning bid was challenged by a competitor. This is pretty par for the course in government contracts and challenges are rarely upheld. But this one was. I lost that job six weeks later and the office was completely closed within 6 months.
@AprilZ81, and April is right. Although I make about the median income for my area and maxed out for unemployment (UE), my UE was still less than two thirds of what I had made NET in my previous job. Really pathetic.