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Old 02-19-2016, 09:01 AM   #21
Thinks s/he gets paid by the post
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seems like the big 4 would be needing more and more accountants, auditors, etc with all the pending or in process oil and gas bankruptcies/reorgs

Swing hard, look up
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Old 02-19-2016, 04:41 PM   #22
Full time employment: Posting here.
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Would your supervisor let you work remotely from home for the remaining months? That happened to me one very fine summer.

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Old 02-19-2016, 05:07 PM   #23
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Originally Posted by Markola View Post
Would your supervisor let you work remotely from home for the remaining months? That happened to me one very fine summer.

I wish! :')
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Old 02-19-2016, 05:12 PM   #24
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Originally Posted by Greencheese View Post
I'm 26 and the same thing happened to me here in Chicago last year. Knew for 18 months they were outsourcing most of the finance department at megacorp and there were no jobs to be had for those of us affected. I spent the time getting my MBA paid for and prepping my resume for the job search. Honestly other than feeling bitter for a few days it was great, people knew I was a dead man walking so most long term projects went to other people. I spent the last 2 mo the on the job openly applying to other companies while at work as well. On my final day I received a 3 month pay severance packaged and a paid for MBA. Started a new job the following Monday so last year was a very nice bump for me.

You said you're 30 and in finance, that seems to be a sweet spot for companies hiring right now. Do you have any certifications like the CPA? Knowing this far in advance would let you grab another item to help you stand out in the job market or even get a little bump in pay as well.

With time to plan you can make this layoff a real plus for you. It's not like they told you today that you're all fired and there is no severance

Thanks Greencheese!

Accounting/Finance is a good profession to be in to weather these storms! Yes, I have a CPA. I am really glad I decided to get my certification, especially now!

It's great you were able to take advantage of the position you were put in. A paid for MBA is amazing! I got mine paid for through work as well.
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Old 02-19-2016, 05:27 PM   #25
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Sincere thank you for everyone's comments. I am glad I started this post because of all the useful information that I received.

I am looking forward to the future and in a year I hope to look back and be content with the series of events.
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Old 02-20-2016, 02:41 AM   #26
Recycles dryer sheets
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Originally Posted by Dd852 View Post
The Chinese have a saying "ride a horse to look for a horse" - I believe the saying is "ride a cow to look for a horse"

Nope 骑马找马

Ride a horse to look for a horse - two meanings: 1/look for a job while in a position or 2/look for something that's under one's nose

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Old 02-20-2016, 04:25 AM   #27
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+1 on all the comments about looking for a job now vs. 5 months severance.

Also, +10 on continuing to do a good job. No need to be a super hero but remember every day that you are managing your brand. Many years ago I went through a corporate transition where a number of people wound up in the "stay until we tell you you're done and you'll get a big severance check" situation. It was a big check (1 yr with benefits) so sticking around wasn't a bad idea, but some of them got very jaded after a few months -- a few to the point of being malcontents -- which was unfortunate because they were really excellent people. Its unfair, but their attitudes during that transition have haunted them for 10 years among certain people who have moved on to bigger things in the industry.

Always manage your brand.

Good luck.
Luck is when Preparation meets Opportunity.
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Old 02-20-2016, 09:43 AM   #28
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Give me a forum ...
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^^^^ good advice... in the old days we referred to it as reputation rather than brand... but same idea.

One thing I did my whole career that I think contributed to my success was that I continually "thought like an owner"... in my mind, even though I was only an employee, it was "my" business so decisions we made through a prism of what was best for business because I believed that those decisions would be best for me in the long run.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
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Old 07-30-2016, 06:00 PM   #29
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Originally Posted by pihwoah View Post
Thanks for your comments Texas Proud.

I would be getting almost five months severance with no healthcare. I am 30 y/o and an accounting professional. I am concerned about continuing in a company where I no longer have a future vs. cutting my losses and looking for a position that sets my career in the direction I want to take it.

Spend every minute looking for a new gig... Severance is nothing.

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