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View Poll Results: How many times have you or your SO been laid off?
Never, neither of us has ever been laid off 47 40.17%
Once 39 33.33%
Twice 14 11.97%
Three or more times 17 14.53%
Voters: 117. You may not vote on this poll

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Old 11-12-2008, 06:21 PM   #41
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2002, LU, the bursting of the tech bubble.

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Old 11-12-2008, 07:19 PM   #42
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Once, in my first job after college, which wasn't even a full time gig. Found a more permanent position about 5 months later (Seattle was still suffering with the lights out in the early 1970's).

Although, I was hopeful of a second opportunity for reduction in force after about 15 years with the employer I found in the early 70's (mostly because it was a very rich benefit!). But it didn't happen, I had to quit instead -- it must have been that I didn't screw up enough to make the list -- or the RIF package was more $$$ then they wanted to spend.

I offered myself up for layoff mid-year last year (for similar $$$ reasons). Again, not screwing up enough didn't get me what I wanted. So I retired mid-year this year instead!

Where there is a will, there is a way!!!

Only got A dimple, would have preferred 2!
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Old 11-12-2008, 08:41 PM   #43
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Once, back in Oct '01. Laid off from United Airlines in the aftermath of 9/11. I did some sub-teaching and drove a school bus to help make ends meet for a few months, and then went on long active duty orders as a reservist. Ended up staying on orders for 6 years and retired this year. Went back to United this past summer and I'm getting laid off again in January. I'll get a whole month and a half of severance pay.

I'm going to FIRE (or semi-FIRE) after that. I'm planning to do some part time/occasional work of some sort for a while (over the next few years) to pad the wallet a bit more, but we can live on my pension on a modest budget for a modest lifestyle. But I need some more fresh money to stick into this market! Hopefully by that time it won't be doing it's apparent disappearing act every time it goes in.

I may go back to the flying game years from now when recalled, but I'll make that call at that time. Probably not, but who knows.
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Old 11-12-2008, 10:53 PM   #44
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Back in '86 I was so PO'ed at my MegaCorp that I was walking around telling people that if they offered me a six pack of beer as a seperation package I'd take it. They actually offered a really nice RIF package so I volunteered. Rejected. I was denied the opportunity to be laid off. It was humiliating. I tried again twice over the next 5 years. No go. By then, of course, I had enough seniority that retirement with pension and benefits was a distant but real possibility so I had to sweat the next half dozen layoffs. Finally in 2006 I had held on long enough to qualify for the bennies with the extra year of service they threw in with the RIF. So I volunteered again. I had to really work it and be obnoxious as hell, but I managed to get laid off and have been FIREd ever since (mostly). Sweet! I swear I worked harder to get laid off than I had been to stay.

This is not to discount the trauma anyone who has been laid off in less desirable circumstances feels. Even after demanding it, I felt a bit disjointed when it actually happened.
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers
DW and I - FIREd at 50 (7/06), living off assets
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Old 11-13-2008, 08:02 AM   #45
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I was on the layoff list twice, one time because the company moved and another one for downsizing. But both times I saw that coming and had just secured another job, so I made an offer to the old comp they could not resist and got a nice compensation on top.
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Old 11-14-2008, 10:12 AM   #46
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DH got laid off once in 1996. I was a full-time student at the time, so no income from my side. Eeeks! However, it ended up being the best thing that ever happenned to us. DH decided to finish his master's on a full-time basis. He had a severence package which lasted around 9 months, then got a TA position which paid his tuition completely plus gave us a stipend. We took out student loans and lived on macaroni and cheese and hotdogs for a few years. Ah, the good old days, LOL!

All this led to him getting into a new career path which he likes much better, and also led to a lot of adventure/travel in our lives.

It also taught us we can roll with the punches and do anything, as long as we are together. And, it taught us that sometimes really good things come out of what your originally thought was a really bad situation.
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less stuff, more time

(48, married; DH 52. I am fully retired as of 2015 (well ok, I still work part-time but only because I love the job and have complete freedom to call off if I want to travel with hubby for work), DH will fully retire 2018 when he turns 55 to access 401K penalty-free)
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Old 11-14-2008, 11:00 AM   #47
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I voted that I had never been laid off. However, I was RIF'd while working for the Federal Gov. I worked my job on Friday and they had a new job waiting for me on Monday, so I did not count that as being unemployed. I started working for the gov as a GS-2, Step 1 not to exceed 90 days. I left a full-time state job (OH) to take the temporary job. I took early retirement from the feds 32 years and 8 months later. I guess it was a good decision to go with the feds, but I am still amazed that I left a full-time job for a NTE 90 day job. Its amazing what you will do when you are young!
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Old 11-16-2008, 01:44 PM   #48
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1969 - will the last person leaving Seattle please turn out the lights. Anyone remember that one.
I was there, Unk. It was real.
my bumpersticker:
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I am retired.
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Old 11-17-2008, 10:55 AM   #49
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Twice, from General Motors in 1974, was working on the assembly line but thank goodness, i was let go and joined the Air Force or I may have stayed there!

Most recently, laid off from Verizon (MCI) on 10/3, better terms this time so decided to retire but have a job offer I'm considering, related to telecomm but not for a telecomm company. Won't know for sure if this pans out until early December. Really mixed feelings because I really like being retired but my plan had me working for a couple more years so may go back in order to stay on the same track!
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Old 11-17-2008, 11:35 AM   #50
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I wasn't exactly laid off - it was more like fired.

I was working at Seven-Eleven as a clerk and also working at a Volkswagen dealer in the parts department because I was too loyal to my friends at Seven-Eleven to quit while they were short handed.

The guy from Southland Corporation came over and fired everyone in the store except for one guy because they thought that someone was stealing.

When I was called in to be told I was so relieved to be going down to only one job that I smiled, thanked him and shook his hand. You should have seen the look on his face when I did that.

Ironic thing was that unless it was the manager stealing we three workers knew that none of us were stealing so it would have had to be the guy that they kept.

I also had a period where my little start-up company ran out of money and stopped paying me - but I was dedicated enough (aka gullible enough) to keep working without pay while I did contract work. I guess that is sort of like a layoff.

By the time of the big programmer layoffs and downsizing I had switched to contract work. That turned out to be a benefit because they usually had to hire contractors after they realized that they layed off too many programmers.
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Old 11-17-2008, 01:57 PM   #51
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In 1981 I had to lay off about 25 people from my department. Worst experience of my life, hands down. Then years later my company was purchased by a competitor who then closed our plant that had been their worst competitor. I was paid a very healthy sum to help coordinate the closing. Then I took a two-week vacation to Hawaii.

Upon return I had a voice message from a sister plant that they wanted to hire me. I took it because it continued my longevity for pension. It was a terrible job that I wasn't interested in really doing. I suppose there are worse things than unemployment. After one year another plant in the company wanted to hire me for a position I really enjoyed doing. I took it, with a pay raise, and a one-hour commute.

Two years later, remember the dot com crash(?), they closed the plant and paid me again to help close it. This was beginning to be a habit. After I closed that one, I had the years I needed, I took the package and left for good. Don't know if I could have picked up another job with the company or not, but I decide I didn't want to move since DD was in high school and doing well.

I never was able to find another equivalent position in the area, so I worked as an independent consultant for a year or two and then a minor management position until I FIRE'd in April 08. I think my age had a lot to do about not finding something else in the area. If just finding a job were the only goal, that's not too tough. Or finding a job in your field and professional level of experience is also possible if you're willing to pack up the family and move somewhere else. But if you're not willing to move, it can be very difficult. Luckily I was in a position to avoid moving and stop w*rking when I had originally planned it.
Can't you see yourself in the nursing home saying, " Darn! Wish I'd spent more time at the office instead of wasting time with family and friends."
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Old 11-17-2008, 02:14 PM   #52
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I was "laid off" once. Ironically it occured two months after I was named: "Employee of the Month".........
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

This Thread is USELESS without pics.........:)
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Old 11-17-2008, 08:37 PM   #53
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Originally Posted by FinanceDude View Post
I was "laid off" once. Ironically it occured two months after I was named: "Employee of the Month".........
It was all a setup.

"Keep your friends close, but your enemies even closer."
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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Old 11-17-2008, 09:01 PM   #54
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Lessee, I got canned 10 years ago from a horrible cold-calling job in a building that I always worried about falling down. That was for lack of performance, although the company went tits-up a few months later. Found a job within 3 months for better pay, although it turned out that my supervisor was nuts and the building had, um, air conditioning issues (85F and 90% humidity in the office is not fun).

Then I was laid off from my last gig at the end of July this year. Company just about went bust and will be down to 3 people by the end of the year. Was offered a job last friday, so that is a touch over 3 months. First time ever on unemployment.

"Neither my companion or I carry firearms on our persons. We depend on the goodwill of our fellow man and the forbearance of reptiles."

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