Comments on: How Worried Are You About Being Laid-Off?

By: guinness416

guinness416 — Tue, 03 Feb 2009 13:52:48 +0000

Not worried. Got a large bonus before Xmas, and have a number of huge projects on my desk. We haven’t let anyone go yet over here, but should it come to that I’m 99.9% sure I won’t be at risk.

By: frugal zeitgeist

frugal zeitgeist — Wed, 28 Jan 2009 19:31:29 +0000

Not particularly worried. We already had the first round and I survived. I think I’ll continue to survive based on the fact that I’m doing something incredibly hard to outsource and just about impossible to eliminate. Plus, there are a number of buffers in the form of underperformers in my division before they get to me anyway.

If worst comes to worst, as long as I pick up 3 months severance, I could sit out the lousy job market for about two years.

By: frugal zeitgeist

frugal zeitgeist — Wed, 28 Jan 2009 19:31:29 +0000

If worst comes to worst, as long as I pick up 3 months severance, I could sit out the lousy job market for about two years.

By: Sam

Sam — Wed, 28 Jan 2009 18:46:44 +0000

Not worried about getting laid off since I don’t have a job (in college). I am worried that I won’t be able to find a job when I graduate though.

By: JR

JR — Wed, 28 Jan 2009 16:50:50 +0000

If I get laid off, I’m moving to South America, learning Spanish, and finding a job there. I’m single, so now’s the time.

By: Peter

Peter — Wed, 28 Jan 2009 15:59:52 +0000

Thanks for the link! I’m a little apprehensive about losing my job as I work in a sector that has been hard hit by this economic downturn. We’ve had two rounds of layoffs already, and while they promise there won’t be more this year, you never really know.

As mentioned in your post my wife was spared in this round of layoffs, but is now working reduced hours. She’s one of the lucky ones, though, there were 19 people laid off at her job yesterday, she was one of the few that wasn’t let go!

AlL I can say is it’s a good time to make sure you have an emergency fund saved, that you have your financial ducks in a row and making sure your resume is all updated and ready to go!

By: Jonny

Jonny — Wed, 28 Jan 2009 14:40:42 +0000

I work for the electric company in nuclear engineering. And while it is not always the most exciting career, I am pretty appreciative that my job seem about as recession proof as it gets.

By: Kristy @ Master Your Card

Kristy @ Master Your Card — Wed, 28 Jan 2009 07:10:24 +0000

I’m more paranoid that I’ll be fired rather than laid off, but that’s just me. I’m always worried about being fired! LOL.

The credit union I work for is actually doing quite well, we made enough money last year to get a nice bonus at Christmas time, and we’re on track to do the same this year. We’re making money. A lot of that, I think, is that we’re seeing a lot of people pull out of their investments and put them in the credit union. We’ll see a little bit of a drop in those numbers when the stock market rebounds, but it won’t be much to worry about on my end.

Of course, one never knows. While I’m not worried about it, I have back-up plans in place.

By: Richer and Slimmer

Richer and Slimmer — Wed, 28 Jan 2009 04:48:35 +0000

Layoff’s are scary, and it is critical to prepare for them. IMO, the best thing to do now is to save as much as possible. I wrote a post on how to best prepare for layoffs that you can find here:

http://www.richerandslimmer.com/2009/01/22/layoffs-everywhere-and-what-you-can-do-to-best-prepare/

By: thisisbeth

thisisbeth — Wed, 28 Jan 2009 02:47:56 +0000

I’m worried. Things are tough, my dad hasn’t had a full-time job in years, and I worry about everything anyway.

I’m thinking about buying a house, and I’m terrified what will happen if I lose my job.

By: Jim

Jim — Tue, 27 Jan 2009 23:58:36 +0000

I’m worried. Its probably not warranted due to my situation but I still worry. I work at a high tech company that already announced some cuts but we’re still profitable. I also have verbal assurance from my manager that I wouldn’t be cut in a layoff, but I can’t take that to the bank.

Jim

By: Finally Frugal

Finally Frugal — Tue, 27 Jan 2009 22:37:09 +0000

I have two jobs: working full time in public education (40 hrs per week) as well as a part time job in the evenings, for a non-profit (10 hours on average per week). While the non-profit is definitely feeling the crunch, I feel incredibly secure about my ‘day’ job working for the state. Although my salary is lower than my peers who are in private enterprise, I’ll probably never be laid off—no matter what the economic circumstances—and my benefits are phenomenal. I’m also in school full time (yes, I’m busy!) so I can hopefully increase my earnings just a bit when the economy finally recovers.

By: Craig

Craig — Tue, 27 Jan 2009 21:00:40 +0000

A little bit worried, especially working at a start-up. You can’t live each day in fear, but it’s in the back of my mind that tomorrow I could be out of a job and screwed.

By: Miranda

Miranda — Tue, 27 Jan 2009 20:59:30 +0000

So far, things with my freelance writing business have been fine. But I do worry that my clients may reduce the work they give me. But, so far, it hasn’t happened. And my husband is going to get a pay increase for is research assistantship (the benefits of completing a M.S.). So we’re feeling a little better about things in the event that I see a reduction in work.

By: bubba

bubba — Tue, 27 Jan 2009 20:28:07 +0000

… I am however worried about your server. Seems slooow today.

[Editor's note: it's been a rough last two days... I'm going to look into fine-tuning some things]

By: bubba

bubba — Tue, 27 Jan 2009 20:27:21 +0000

Nope; not worried at all. It pays to work for a large private company with lots of cash in the bank who’s niche is helping companies figure out where they are spending money. Sales this past year were up compared to last year; bonuses are still going to happen this year as well as profit sharing.

By: Starshard0

Starshard0 — Tue, 27 Jan 2009 19:12:02 +0000

I’m not worried about losing my job at all. I’m in the Army so I couldn’t get laid off if I wanted to.

By: Dawn

Dawn — Tue, 27 Jan 2009 19:11:36 +0000

I wouldn’t say I am worried as I am more aware of the signs and am updating my resume and am checking openings at my back up jobs every once in a while. Good to be prepared.