growing_older
Thinks s/he gets paid by the post
- Joined
- Jun 30, 2007
- Messages
- 2,657
All my calculations and FIRECalc says I have about 5 more years until I'm really FI, and it's very hard not to want to jump that time table and FIRE immediately.
In the last two weeks, 2/3 of the VPs level have voluntarily left our company, giving up all their equity and stock options to do so (clawback). Our usual quarterly briefing on company status was positive as always, but they didn't include any numbers which is unusual. We have been told to expect zero profit sharing bonus this year. All our hiring is on hold, except an offshore contracting company we sometimes use is staffing up for a new project.
Any one of these things might be no problem, but taken together this may be bad news. As an older technology guy, I have been very successful finding new work with people I know from old jobs, but have a hard time even getting an interview with people I don't know. (Yes, I've had my resume reviewed by trusted hiring manager friends. It's fine.) Ordinarily, I would take these events as a sign I should dust off my resume and start looking, but this close to FIRE and anticipating even more difficulty than before, I'm not so sure.I want another job or the hassle of finding one.
I think my options are:
1. Look for a new place to land
2. Stick out here as long as I can, then deal with it
3. Prepare for possible earlier than expected FIRE
These aren't mutually exclusive options and right now I'm actually doing all three. I'm running all my scenarios through FIRECalc, to see what FIRE earlier than I planned would mean. If I do FIRE, I'll need to have a plan for health insurance. I'm piling up cash in case I need to cover expenses during a job search. I'm starting to contact old co-workers to gauge the possibility of finding work. I'm stepping up my exercise program, so I physically feel great. What else should I be doing?
In the last two weeks, 2/3 of the VPs level have voluntarily left our company, giving up all their equity and stock options to do so (clawback). Our usual quarterly briefing on company status was positive as always, but they didn't include any numbers which is unusual. We have been told to expect zero profit sharing bonus this year. All our hiring is on hold, except an offshore contracting company we sometimes use is staffing up for a new project.
Any one of these things might be no problem, but taken together this may be bad news. As an older technology guy, I have been very successful finding new work with people I know from old jobs, but have a hard time even getting an interview with people I don't know. (Yes, I've had my resume reviewed by trusted hiring manager friends. It's fine.) Ordinarily, I would take these events as a sign I should dust off my resume and start looking, but this close to FIRE and anticipating even more difficulty than before, I'm not so sure.I want another job or the hassle of finding one.
I think my options are:
1. Look for a new place to land
2. Stick out here as long as I can, then deal with it
3. Prepare for possible earlier than expected FIRE
These aren't mutually exclusive options and right now I'm actually doing all three. I'm running all my scenarios through FIRECalc, to see what FIRE earlier than I planned would mean. If I do FIRE, I'll need to have a plan for health insurance. I'm piling up cash in case I need to cover expenses during a job search. I'm starting to contact old co-workers to gauge the possibility of finding work. I'm stepping up my exercise program, so I physically feel great. What else should I be doing?