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Old 05-23-2024, 04:11 PM  
DaFace DaFace is offline
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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; 05-23-2024 at 05:59 PM..
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Old 05-24-2024, 09:26 AM   #91
GeorgeZimZam GeorgeZimZam is offline
Repeal the 19th Amendment
 
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My age is the meaning of life.
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Unless you started posting here in HS, I'm gonna guess early 40's


This will end up being a favor. Just be sure to balance taking advantage of the essentially paid, extended, vacation with seeking out the next gig. Give yourself multiple options.

Perhaps the career and space enthusiast gods are nudging you to attend a Starship launch during your downtime?
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Old 05-24-2024, 09:35 AM   #92
DaFace DaFace is offline
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Perhaps the career and space enthusiast gods are nudging you to attend a Starship launch during your downtime?
Oh damn...I hadn't thought of that...
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Old 05-24-2024, 09:38 AM   #93
DaFace DaFace is offline
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Having a reference that ain't scared to lick your ass at the George Brett statue is a strong reference.
That would be a close friend, indeed.
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Old 05-24-2024, 09:49 AM   #94
Mosbonian Mosbonian is offline
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The company I work for has laid off a big percentage of employees recently. Seems weird watching people you've known for years walk out the door. They get a severance package as well but I know it's still a shock for them.

Good news is there's parking at work now.
What really sucks when they have layoffs? When you are a manager who has to lay off 10 good people, when you know 2 useless people with offices are still employed because of the work they did 10 years ago...
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Old 05-24-2024, 09:53 AM   #95
Rain Man Rain Man is offline
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You should also consider doing unpaid volunteer work.

For my company.
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Old 05-24-2024, 10:04 AM   #96
KurtCobain KurtCobain is offline
legend
 
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Hmmm, that's an interesting idea. I could just roll up to the casino tomorrow and see if I could turn 4 months severance into 40 year's worth.
The American Dream.
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Old 05-24-2024, 10:36 AM   #97
ROYC75 ROYC75 is offline
Time For Your Wake Up Call !!!
 
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Just think of it this way, they are paying you to golfing, fishing, anything you want for a month. Just chill & relax! Refocus! A paid vacation!

Then go job hunting the 2nd month. FTR, Sorry to hear this but I believe and trust that you will land a new job that's perfect for you.
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Old 05-24-2024, 10:57 AM
Katipan
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Old 05-24-2024, 11:56 AM   #98
neech neech is online now
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You should also consider doing unpaid volunteer work.

For my company.
It will be gruelingly long hours with no pay, but you'll feel better about yourself at the end of the day. That's all that matters.
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Old 05-24-2024, 12:00 PM   #99
Rain Man Rain Man is offline
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It will be gruelingly long hours with no pay, but you'll feel better about yourself at the end of the day. That's all that matters.
He could really make a difference in my next vacation.
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Old 05-24-2024, 12:04 PM   #100
DaFace DaFace is offline
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He could really make a difference in my next vacation.
Aren't you going to be retiring soon? You'll get all the vacation time you want!
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Old 05-24-2024, 12:50 PM   #101
Hog's Gone Fishin Hog's Gone Fishin is offline
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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
That's exactly right. This is going to springboard your next adventure and you have plenty of time to process things. Congrats are definitely in order here.
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Old 05-24-2024, 12:56 PM   #102
Rain Man Rain Man is offline
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Aren't you going to be retiring soon? You'll get all the vacation time you want!
I'm still in profit sharing for one more quarter.

You can be the difference between me getting an oceanfront hotel room or a city view hotel room.
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Old 05-24-2024, 12:57 PM   #103
ptlyon ptlyon is offline
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You going to stay in the room the entire time?
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Old 05-24-2024, 01:10 PM   #104
Couch-Potato Couch-Potato is online now
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Sorry to hear it, Tech is the right space though!

You'll find another one soon! I prefer working a the smaller orgs and helping them build something, the payoff can be better than big orgs.

Good luck brotha!
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Old 05-24-2024, 01:47 PM   #105
TribalElder TribalElder is offline
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4 months severance is a blessing

good luck on your job search!
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