Friday, September 16, 2011

Big trouble at BigFinance

Yesterday was a difficult day at BigFinance. Anyone who follows the news knows that my company (still attempting a little anonymity here) is attempting to right the ship with a combination of cost cutting and restructuring. I have been here for 4 years and in that time we've had "riffs" although they tended to impact contractors and not full time associates.

I am no stranger to layoffs. My first job out of school started in June 2000 at SmallResearch just before the Internet bubble burst. Needless to say it directly impact me given I worked for a company that covered Internet companies. I managed to survive 4 layoffs throughout 2000 and 2001. Probably because I was young and made little money. It's a good thing I did or I never would have met DH in 2002. Funny how things work out...but I digress.

So yesterday my team found out that there was an across-the-board reduction in workforce. The news was delivered well by my boss but there was a glaring absence in the audience receiving the message. One of my co-workers and key resource on my application had been let go. I feel very much for my co-worker. She is in her 50s and had just come back to BigFinance after a previous layoff. It's challenging enough to find a job in this economy but it's even harder for people who are later in life, despite a plethora of experience. It makes me think about where I will be in 20 years and if I will constantly have to worry about being on the chopping block.

For now I am safe. But that safety is a very transient feeling. I am of the opinion that you never really know you are going to get laid off until it happens. No good reviews or accolades from co-workers can save your position if money is on the line. So for now I extend my sympathies for co-workers who are no longer working with us. And I gear myself up for the next 4-5 months where I will be doing 3 people's jobs (did I mention that another resource found a new role and it was decided not to back fill? Good times.). Wish me luck.

1 comment:

Ms. Sellers said...

I've been thinking of you ever since I heard on the news about big layoffs- hang in there:)

Too lazy to sign out of my "other" google identity- so this should make you laugh