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Old Today, 04:11 PM  
DaFace DaFace is offline
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Join Date: Aug 2005
Location: Donkey Land
Laid off
Well, new life experience for me. I took a job at a startup in the ed tech field around 3 years ago. Yesterday, I found out that that time was coming to an end. Around 25% of employees were laid off (300ish out of 1200ish) including me and my entire team.

They're venture-capital funded, and while I wasn't entirely surprised that layoffs were coming given some pretty rough financial headwinds this year, I wasn't at all expecting them to just cut my entire function. Kind of surreal.

I knew that startups were notoriously shaky when it comes to stability, and though it sucks to see it come to an end so abruptly, I suppose it's nice to have made a lot of money off of a bunch of investors. The severance package is, honestly, kind of crazy (4 months pay + 6 months paid health insurance + my laptop + free online classes + a plethora of job placement services). Thanks, VC funds!

In the end, I don't regret anything, but it's a very weird feeling to be out of a job for the first time since I was probably 14. It's hard to know what to do with myself, though I figure my "job" becomes job hunting...next week.

No need for sympathy - I'm actually kind of excited to look for something new. I'll at least have plenty of time to try and fail to fix my shit over the summer.
Last edited by DaFace; Today at 05:59 PM..
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Old Today, 04:15 PM   #2
ToxSocks ToxSocks is offline
Needs more middle fingers
 
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Join Date: Mar 2005
Location: San Diego
More time to fix yo shit!
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Old Today, 04:16 PM   #3
ToxSocks ToxSocks is offline
Needs more middle fingers
 
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Just kidding, sorry to hear that dude. Glad to see you get a good severance package though to help keep you on your feet till you find something new.
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Old Today, 04:17 PM   #4
Bowser Bowser is offline
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Very sorry to hear this, but congrats!
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Old Today, 04:22 PM   #5
DaFace DaFace is offline
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Quote:
Originally Posted by Bowser View Post
Very sorry to hear this, but congrats!
I'll feel better about it once I figure out what's next, but in a way, I actually do feel like contrats are in order here. I look at it this way - everyone who's left DIDN'T get a 4-month bonus, and now they all have to do 33% more work while I get to relax at home.

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Old Today, 04:24 PM   #6
displacedinMN displacedinMN is offline
It was not a fair catch
 
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Join Date: Aug 2012
Location: Correcting papers
wow

Hope things fall in line for you.
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Old Today, 04:26 PM   #7
MeaTy The Pimp MeaTy The Pimp is offline
Who's the masta???
 
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Join Date: Nov 2003
Location: Louisville Ky
Sorry to hear. From everything I have read from you, you sounds like a pretty stand up, and intelligent dude. I am sure you won't be unemployed for long. That being said, enjoy the small break.


I am in a similar situation. Back in January, I learned that my entire department was being let go effective 2nd week of March. About 15 of us automated ourselves out of a job. Got a fat severance, and a ton of free time. Caught up on some fishing, and goofing off and annoying my wife. I start my new job on the 1st of June. Different field, but will transfer back into my field when the position opens back up. My wife is happy I won't be bugging her as much now...
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MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.MeaTy The Pimp would the whole thing.
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Old Today, 04:29 PM   #8
Otter Otter is offline
Live free or die hard
 
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Location: Durango, CO
I was laid off from Harley Davidson with a similar package and I'll give you one head of warning: if you have any vices now is the time to be aware of those.


"Coke and strippers". You will not be the first nor the last. Free time with lots of money is the devil's playground.
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Old Today, 04:31 PM   #9
Hammock Parties Hammock Parties is offline
I'll be back.
 
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Rain Man will be calling soon.
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Old Today, 04:34 PM   #10
Bearcat Bearcat is offline
Would an idiot do that?
 
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Damn, I want to take a job with them just so I can get laid off.

jk, that sucks and good luck with the job search.
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Old Today, 04:37 PM   #11
BryanBusby BryanBusby is offline
In Search of a Life
 
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Look at this smug son of a bitch bragging about getting lai.......oh. Look at this smug son of a bitch bragging about getting paid to be a freeloader.
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Old Today, 04:37 PM   #12
Scooter LaCanforno Scooter LaCanforno is offline
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Sorry to hear about the job. Now you might have time to see a launch and landing at the Cape. Falcon Heavy end of June.
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Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.Scooter LaCanforno has just been standing around suckin' on a big ol' chili dog.
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Old Today, 04:37 PM   #13
seamonster seamonster is offline
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Quote:
Originally Posted by DaFace View Post
I'll feel better about it once I figure out what's next, but in a way, I actually do feel like contrats are in order here. I look at it this way - everyone who's left DIDN'T get a 4-month bonus, and now they all have to do 33% more work while I get to relax at home.

via GIPHY
Sounds like you're smart so you can land on your feet, but I've heard that the job market in tech is in bad shape. A tech-hostile congress passed legislation in 2023 that now includes R&D (software development, it) as just part of profits. So it' can't be written off. So companies have had to lay off armies of tech workers. I'd be hitting the pavement pretty hard. China does the opposite (100% of R&D is tax free) and their tech scene is growing without bounds.
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Old Today, 04:42 PM   #14
louie aguiar louie aguiar is offline
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Best of luck to you. You may look back on this day as a blessing in disguise years from now.
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Old Today, 04:45 PM   #15
Bump Bump is offline
YOU take YOUR seat
 
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best of luck finding something new! You'll be fine
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