I've experienced several layoffs in my more than three decades long career. Not sure if this'll help anybody, but every time I was laid off, I managed to bounce back - and every time it was faster than I expected. I know it's not easy but try and keep that in mind in the coming weeks.
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So effing tired of yet another boomer and his “won’t be so bad”, “it used to be worse”, and above all “it’s just the flu”.
No wonder this company is failing.
Positive thinking.
Three cheers for that.
My experience as well. Over a 36 year period (1980 - 2016) I worked for 8 different oil companies (7 as an employee and 1 as a consultant). I bounced back each time and managed, in the end, to collect two pensions (BP and EM). I finally retired (65 yo). BUT, it was a pretty wild ride with too many downturns, busts and booms. I kept my oilfield network strong and honed my skills which helped me land on my feet each time.
Due to the turbulent nature of this industry, I quickly learned to live below my means and save, save, save. Good luck to everyone!
Leech!
One thing I learned later in my career is if at all possible try and get a job with your local or state government or with the federal government. If you can land a government job then many things like layoffs due to lack of work or age will be less likely because the government is not in business to make a profit unlike the private sector. Private companies only care about the bottom line and what profits they made. If they aren't doing well they will start laying people off immediately or for what ever reason because they can tell you anything just to get rid of you. With the government its much more difficult for you to lose your job unless you do something incredibly terrible. Also government jobs have a pay schedule that they follow so you know what your raise will be each year. I work for the government and I just got my 5,000 dollar a year raise because I made it to the next government salary step with my position and this is during the pandemic. Trying to get a raise from a private company is like pulling teeth. Your lucky if you get a 1% raise these days. If I knew about the huge difference between the private sector and the government sector I would have tried to get a job at least 20 years ago. Just keep it in mind the next time you look for a new job.
I love anecdotal evidence.