Thread regarding ExxonMobil Corp. layoffs

2020 - what a wild ride. XOM laid me off (at 29), but I cracked $1MM thanks to my bitcoin/stock holdings.

What a crazy weird year. I lost my 6 figure job, still unemployed since July, and somehow I'm worth more than ever.

I just needed to vent somewhere anonymously. I thought reaching $1MM would be more exciting, but it's just passing a number.

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| 3626 views | | 25 replies (last January 8, 2021) | Reply
Post ID: @OP+18JGgC8O

25 replies (most recent on top)

You gambled and... TBD.

Until you sell your addictive coin, it isn't worth anything. Your precious will destroy you.

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Post ID: @5tjo+18JGgC8O

@5nsg+18JGgC8O Don't really care at the end. I just find it interesting how much you care about it.

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Post ID: @5hhj+18JGgC8O

@5gsn+18JGgC8O

Salty aren't you? Changing the rules of the performance assessment doesn't change the fact that you are PIP'd and not laid off. For better or for worse, many previous HiPo could have been protected and not actually worth their weight vs peers.

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Post ID: @5nsg+18JGgC8O

@3dyj The fact that people were "PIP'd" despite having high ranking and no negative feedback says otherwise. Or the fact that new hires were "PIP'd" as well even though we've all been told that you are safe the first 2 years says otherwise as well.

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Post ID: @5gsn+18JGgC8O

@3yat+18JGgC8O

I know many people that passed the PIP. Sorry you think that it was a "disguised" layoff. It was not. You either took the PIL or failed the PIP if you were let go prior to December. Plain and simple. Those let go in December were laid off.

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Post ID: @3dyj+18JGgC8O

@isz - the same thing happened to me and everyone knows and accepts that it was a disguised layoff, you a-hole.

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Post ID: @3yat+18JGgC8O

LOL. OP here (first time replying). I knew posting about this anywhere would attract haters, that's why I'm doing it on the here where it's anonymous. I also understand it's a little tone-deaf to be posting this on a layoff board when there are a lot of others who are less fortunate... I was just really excited at the time and wanted to vent somewhere (and comment on the irony of it all). You don't have to believe me and consider that I'm a troll. Doesn't matter to me. But I'm sorry for you all in the situation (me included in this sh–ty time)

Most of my holdings are in long term index funds, no speculation here. Bitcoin I bought early so I'm not losing a lot of my actual investment if it completely wipes out. Still, I'd rather it not and I believe it will keep on growing anyways. I think its good to hold some crypto in general anyways (BTC and ETH), but maybe not right now...

I understand that these are unrealized gains, I'm not planning on retiring now or cashing out. I believe both the US economy and crypto will keep going up so I'm just going to buy and hold.

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Post ID: @2ylx+18JGgC8O

Me thinks the lady doth protest too much. Admit it, caught you for third time! LOL

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Post ID: @2mps+18JGgC8O

@1hja+18JGgC8O

I’m not the OP, you paranoid troll. Get help for your anger issues.

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Post ID: @2egq+18JGgC8O

@1esw+18JGgC8O

Back again Op? Stick to other boards. Your cover is blown here. LOL

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Post ID: @1hja+18JGgC8O

@1laz+18JGgC8O

Why the anger? If OP is a troll, does it matter? If he’s not a troll, does his success despite being laid off somehow diminish your accomplishments? Are you that petty?

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Post ID: @1esw+18JGgC8O

We’ve all been there. Everything rosy until you get that margin call as everything is crashing too quickly to get out. Fools errand. Less than 1% of day traders and speculative investors survive long term.

Seen this same post on numerous company boards. Obviously a troll. Nice try loser.

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Post ID: @1laz+18JGgC8O

@mrz+18JGgC8O

It’s true. I hit my FI number by 35 and it was just any other day. But I thank my lucky stars because I was just laid off and don’t have to worry about looking for another job.

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Post ID: @1crd+18JGgC8O

Congratulations. Strange to see so many hating.

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Post ID: @1dtg+18JGgC8O

Selfie, selfie, selfie, look at me, me, me, me, me, me, how great I am, me, me, me.

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Post ID: @1oix+18JGgC8O

Good going OP. I’m 28 and still employed, and am getting close to that $1M number thanks also to bonds and gold.

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Post ID: @1rsa+18JGgC8O

I’ve heard a lot of people say when they reach their FI number (Financial Independence) that it wasn’t really exciting.

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Post ID: @mrz+18JGgC8O

Personally, I like Baccarat. James Bond's game.
Fancy too.
OP, you funny.

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Post ID: @uip+18JGgC8O

@OP

You were PIP'd and you took the PIL. You weren't laid off.

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Post ID: @isz+18JGgC8O

@jqk+18JGgC8O

Trading is easy right now. When things settle out and markets aren't as volatile, it'll be different.

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Post ID: @xdc+18JGgC8O

First - Congrats and f— off ;)

Second - As another poster said I would strongly consider cashing out on some of that btc. There’s risky assets but crypto is a whole ‘nother level of risk. It doesn’t have to be all but some. Hope you’ve also looked into taxes, securing the crypto, etc.

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Post ID: @hoi+18JGgC8O

Remember those are unrealized gains until they are cashed out or BTC stabilizes in value, so decide on a number and cash out

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Post ID: @lad+18JGgC8O

Posts like this is when you know... things are about to crash down hard as smart money starts getting out, then that panics the noobies and the run.

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Post ID: @esf+18JGgC8O

I’m still employed.. plant based.. I trade during working hours. Great active income I would say

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Post ID: @lrj+18JGgC8O

Mentioned in an earlier post that I resigned from process engineering full time and part do what I am doing is trading. I can make a good living at it consistently. It get lonely and boring though.

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Post ID: @jqk+18JGgC8O

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