What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

I think my office will shut down soon...***update: shut down confirmed (1 Viewer)

moleculo

Footballguy
Business isn't very good, and we have been struggling with our corporate masters. I don't think there is a whole lot of justification to keep our branch open (beyond experience and competence, which aren't really valued). There's a lot of writing on the wall, and none of it is good. I would be surprised if we make it past new years.

I've been here for 7 1/2 years, which isn't all that long in the grand scheme of things. Frankly, I really don't enjoy my job so I won't shed a tear when we are done. Really, the only reason I've been here this long is I haven't found anything better and I didn't want to jump ship for a lateral move.

Anyways, if you thought the end was neigh, what would you do?

Also, any tips for the eventual job hunt?

 
Last edited by a moderator:
Business isn't very good, and we have been struggling with our corporate masters. I don't think there is a whole lot of justification to keep our branch open (beyond experience and competence, which aren't really valued). There's a lot of writing on the wall, and none of it is good. I would be surprised if we make it past new years.

I've been here for 7 1/2 years, which isn't all that long in the grand scheme of things. Frankly, I really don't enjoy my job so I won't shed a tear when we are done. Really, the only reason I've been here this long is I haven't found anything better and I didn't want to jump ship for a lateral move.

Anyways, if you thought the end was neigh, what would you do?

Also, any tips for the eventual job hunt?
Don't look a gift horse in the mouth. Take your time to find what you want and make a lot of hay.

 
Start bulking up your linked in presence - don't be obvious about it - turn off the notifications about changes to your profile and connections before doing it, then build out your resume on there and start adding contacts. Start endorsing your contacts for stuff. If your Facebook, Instagram, Twitter is public, switch to private.

 
Business isn't very good, and we have been struggling with our corporate masters. I don't think there is a whole lot of justification to keep our branch open (beyond experience and competence, which aren't really valued). There's a lot of writing on the wall, and none of it is good. I would be surprised if we make it past new years.

I've been here for 7 1/2 years, which isn't all that long in the grand scheme of things. Frankly, I really don't enjoy my job so I won't shed a tear when we are done. Really, the only reason I've been here this long is I haven't found anything better and I didn't want to jump ship for a lateral move.

Anyways, if you thought the end was neigh, what would you do?

Also, any tips for the eventual job hunt?
Don't look a gift horse in the mouth. Take your time to find what you want and make a lot of hay.
Lol. Effin autocorrect.
 
You're in engineering right? Market is hot...shouldn't be hard to find something (or at least it is in Detroit area)

 
Now is a good time to start taking home office supplies. By the time they shut the doors, you can open your own office.

Also, start that Internet business you always dreamt about using company time.

 
I would apply for a loan and start my own business. Do what you do best. Roll the bones! You only live once.

 
my plan was for once my wife's real-estate gig was raking in the cash, I would quit this job and go teach HS - in SC I can get a certificate after a 6 month course and passing a test (certificate would be for calculus or physics). Teaching would provide us with health insurance, and my schedule would better match my kids.

Unfortunately, we are a couple of years from her being there. She is well on her way and is a natural agent, but it takes up some time to get to the level where we would be comfortable supporting our family on commission. I was hoping to get another year or two out of this place.

 
Have you worked with any recruiters in the past? If you know of a good one, I would reach out with your updated resume. A headhunter won't be as helpful once you have been laid off.

My company has a division that places Engineers but it is one of our smaller divisions but I'm happy to put you in touch with someone. I will tell them to give you the friends and family treatment so they will be real transparent regarding what they can and can't do for you. Additionally, I would ask them to potentially makes some connections for free if you know of some specific companies you would have interest in exploring. PM me if you are interested. At the very least I'm happy to review your resume and offer suggestions if you are looking for feedback.

 
Have you worked with any recruiters in the past? If you know of a good one, I would reach out with your updated resume. A headhunter won't be as helpful once you have been laid off.

My company has a division that places Engineers but it is one of our smaller divisions but I'm happy to put you in touch with someone. I will tell them to give you the friends and family treatment so they will be real transparent regarding what they can and can't do for you. Additionally, I would ask them to potentially makes some connections for free if you know of some specific companies you would have interest in exploring. PM me if you are interested. At the very least I'm happy to review your resume and offer suggestions if you are looking for feedback.
thanks. I'll be in touch.

generally speaking, it's easier to find a job when you have a job, right?

 
my plan was for once my wife's real-estate gig was raking in the cash, I would quit this job and go teach HS - in SC I can get a certificate after a 6 month course and passing a test (certificate would be for calculus or physics). Teaching would provide us with health insurance, and my schedule would better match my kids.

Unfortunately, we are a couple of years from her being there. She is well on her way and is a natural agent, but it takes up some time to get to the level where we would be comfortable supporting our family on commission. I was hoping to get another year or two out of this place.
why do you hate money
 
Generally speaking, yes. I believe you have more negotiating power and will be less likely to settle for something that isn't a good career move for you when are still employed. The other thing to consider is how many other folks at your company are in a similar role as you? If you start looking when you are laid off you might be competing with a lot of ex-coworkers.

A job search typically takes a good 3-4 months so those 14 weeks of severance could go by really quickly. I'd encourage you to at least get the process started because there is no down side to doing so and just because you get an offer doesn't mean you have to take it.

 
my plan was for once my wife's real-estate gig was raking in the cash, I would quit this job and go teach HS - in SC I can get a certificate after a 6 month course and passing a test (certificate would be for calculus or physics). Teaching would provide us with health insurance, and my schedule would better match my kids.

Unfortunately, we are a couple of years from her being there. She is well on her way and is a natural agent, but it takes up some time to get to the level where we would be comfortable supporting our family on commission. I was hoping to get another year or two out of this place.
why do you hate money
I don't hate money, but I do hate sitting in a lonely office pushing around a mouse all day. If I'm asked what I do, I say, "I design cheap crap as fast as I can and then get hassled because it's not cheap enough and not fast enough".

 
my plan was for once my wife's real-estate gig was raking in the cash, I would quit this job and go teach HS - in SC I can get a certificate after a 6 month course and passing a test (certificate would be for calculus or physics). Teaching would provide us with health insurance, and my schedule would better match my kids.

Unfortunately, we are a couple of years from her being there. She is well on her way and is a natural agent, but it takes up some time to get to the level where we would be comfortable supporting our family on commission. I was hoping to get another year or two out of this place.
why do you hate money
I don't hate money, but I do hate sitting in a lonely office pushing around a mouse all day. If I'm asked what I do, I say, "I design cheap crap as fast as I can and then get hassled because it's not cheap enough and not fast enough".
Hope that works out for ya. Seriously. Having passion for your livelihood is a rarity.

 
Similar boat here. About a year ago, I left my government job to take a position with a very large financial services company. They had been bringing in thousands of people like me to strengthen up all the risk management functions as they dealt with the issues of being designated as a SIFI post-crisis. Everything was going well for a while, not just in my everyday role but in side projects where my prior regulatory experience was really adding value.

Fast forward to April and the top dogs realized that after doing all this hiring and planning to spend billions to fix the problems, they would never make enough money to earn an adequate ROI. So instead, they decided to basically pull the plug and shrink the portfolio by roughly 80%, down to just the core businesses, and hopefully be de-designated as a SIFI. This is where anyone can figure out which company I'm talking about pretty easily...

I knew at the time that there was only a slight chance I'd have a job in 2016, and if I did, it would be pretty dead end so I was planning on leaving anyway. We found out that severance...normally a week per year at the company...would be a minimum of 10 weeks since, again, they brought in 1000s of people in such a short time frame and were laying them off almost immediately. There would also be a 60 day notice period in between finding out you're laid off and the final day.

Being in the office was hard over the summer because the work dried up but I wasn't going to leave the package on the table just for a lateral job that made me happier for a couple months. The rest of my team works in a couple other locations so I just left early a lot for twilight tee times. I was pretty confident I could find something, at least laterally, in the 60 days of my notice period plus the 10 weeks of severance.

Not a ton of hiring gets done in finance/banking during the summer so I used that time to shoot for the moon on a couple positions where I was a stretch to be qualified, because again, why not use that time to aim high? I worked LinkedIn contacts in the meantime, and talked with some recruiters, but found myself outside the higher end of the pay scale for a lot of jobs they had targeted for me. But there was no way I was walking away from the package for a pay cut. Maybe take a cut afterwards? Sure, but I'm at least doing that with everything I have coming to me and not a day before.

I found out on Monday that I'm getting my 60 day notice on Oct 15th, and when combined with severance, means I'm covered through February. I had a really good meeting yesterday with a former colleague and I think I'll get an offer there that will be similar money, maybe a bit more. I'll still be looking elsewhere but if I end up with a good offer and accept it, I can walk out of here the next day and get a full lump sum of my severance package and my bonus for the year, all once I get the official notice next week.

So that would be my main advice. Make all your contacts and go on interviews and such, but definitely don't take anything "just to take something" before you can collect your severance. Forget pride in your work or whatever other crap you're thinking...get whatever you need to get done, done during work hours, so you're fulfilling your responsibilities, but use this time for yourself and either aiming high in the interim or grinding it out until you get your package.

Good luck.

 
There's a crapload of biomedical device companies in NC. That is where you need to go. It won't be cheap crap fast, I promise you.

Might be a bit of a barrier to entry, be willing to take a step down to get foot in the door, at which point you control your career

 
There's a crapload of biomedical device companies in NC. That is where you need to go. It won't be cheap crap fast, I promise you.

Might be a bit of a barrier to entry, be willing to take a step down to get foot in the door, at which point you control your career
yeah, I saw one place in Charlotte on monster last night. I'll spruce up the 'ol resume over the weekend and get that going. I do have some medical device in my work history, so that certainly helps.

 
I have a friend who is basically retired at 32 after being part of a medical devices company that just got sold. With that being the extent of my knowledge of the industry, I recommend that path as well.

 
Last edited by a moderator:
Similar boat here. About a year ago, I left my government job to take a position with a very large financial services company. They had been bringing in thousands of people like me to strengthen up all the risk management functions as they dealt with the issues of being designated as a SIFI post-crisis. Everything was going well for a while, not just in my everyday role but in side projects where my prior regulatory experience was really adding value.

Fast forward to April and the top dogs realized that after doing all this hiring and planning to spend billions to fix the problems, they would never make enough money to earn an adequate ROI. So instead, they decided to basically pull the plug and shrink the portfolio by roughly 80%, down to just the core businesses, and hopefully be de-designated as a SIFI. This is where anyone can figure out which company I'm talking about pretty easily...

I knew at the time that there was only a slight chance I'd have a job in 2016, and if I did, it would be pretty dead end so I was planning on leaving anyway. We found out that severance...normally a week per year at the company...would be a minimum of 10 weeks since, again, they brought in 1000s of people in such a short time frame and were laying them off almost immediately. There would also be a 60 day notice period in between finding out you're laid off and the final day.

Being in the office was hard over the summer because the work dried up but I wasn't going to leave the package on the table just for a lateral job that made me happier for a couple months. The rest of my team works in a couple other locations so I just left early a lot for twilight tee times. I was pretty confident I could find something, at least laterally, in the 60 days of my notice period plus the 10 weeks of severance.

Not a ton of hiring gets done in finance/banking during the summer so I used that time to shoot for the moon on a couple positions where I was a stretch to be qualified, because again, why not use that time to aim high? I worked LinkedIn contacts in the meantime, and talked with some recruiters, but found myself outside the higher end of the pay scale for a lot of jobs they had targeted for me. But there was no way I was walking away from the package for a pay cut. Maybe take a cut afterwards? Sure, but I'm at least doing that with everything I have coming to me and not a day before.

I found out on Monday that I'm getting my 60 day notice on Oct 15th, and when combined with severance, means I'm covered through February. I had a really good meeting yesterday with a former colleague and I think I'll get an offer there that will be similar money, maybe a bit more. I'll still be looking elsewhere but if I end up with a good offer and accept it, I can walk out of here the next day and get a full lump sum of my severance package and my bonus for the year, all once I get the official notice next week.

So that would be my main advice. Make all your contacts and go on interviews and such, but definitely don't take anything "just to take something" before you can collect your severance. Forget pride in your work or whatever other crap you're thinking...get whatever you need to get done, done during work hours, so you're fulfilling your responsibilities, but use this time for yourself and either aiming high in the interim or grinding it out until you get your package.

Good luck.
good luck to you too.

I was thru this before as well. I used to work at a company called Motorola where I designed pagers (anyone remember these things?) When that industry eventually collapsed, we all got our notices. The layoffs happened in 3 month increments, depending on what project you were slated for. It was all announced in February. My exit date was December, so if I wanted my severance package, I had to hang around for almost a whole year, watching my friends leave, and have last shot at any jobs left after flooding the market. I chose to start interviewing asap, and I took the first job I could.

In hindsight, I think I would have been better off sticking around for the severance. Nearly everyone I knew landed on their feet, regardless of how long they stuck around, so I have to assume I would have as well. It may have meant I would have had to move away from that area, but I eventually moved anyways.

 
Getting into the medical industry now is not a bad idea. People are living longer and getting parts swapped out way way older than just 10 years ago. Hip and knee replacement for some in their mid-70s are totally common now. While everyone recognizes that healthcare cost need to be controlled, it seems that reimbursement to hospitals and physicians are getting squeezed the most. Healthcare is an area where we place a lot of priority as a country so jobs that support it will always be in demand.

I've worked in healthcare finance for a long time and pharmaceuticals and devices are not getting any less expensive.

Good luck.

 
Last edited by a moderator:
Weren't you going to move to San Fran a couple years back? Take that job now.
Good memory. I wasn't offered the job, but I'd really prefer to not move if at all possible. We just moved into this house a year ago, and the last year has been spent renovating it. We just now have the main floors mostly done, and the basement is probably half done. Moving after all of that sounds just...terrible.If we did have to move, I'd prefer it not be that far away. I have no friends/family within probably a thousand miles of SF. If Charlotte wasn't gonna work, my focus would be Atlanta, Raleigh, and Denver.

 
Weren't you going to move to San Fran a couple years back? Take that job now.
Good memory. I wasn't offered the job, but I'd really prefer to not move if at all possible. We just moved into this house a year ago, and the last year has been spent renovating it. We just now have the main floors mostly done, and the basement is probably half done. Moving after all of that sounds just...terrible.If we did have to move, I'd prefer it not be that far away. I have no friends/family within probably a thousand miles of SF. If Charlotte wasn't gonna work, my focus would be Atlanta, Raleigh, and Denver.
I was gonna ask if you've poked around RTP yet. If you could find something there, it may be a good compromise for what sounds like a relatively short-term issue.

Of course, you'll have to budget car wash money to wash off the stink of being so near to the Duke & Carolina hoops programs. Going into the RTP on I-40, it looks like a sandstorm in the distance and - before you know it - birds start falling dead from the sky and your car's HVAC vents are teeming with stinkbugs.

 
file this under venting mostly, but when it rains, it pours.

My truck has been having tissues with studdering - it shakes like I'm driving over a rumble-strip at around 40 mph. It's not like a tire out of balance, it comes from the transmission. So, I have that looked at, and the tranny needs replaced. 150k miles on the truck, so that's probably not unexpected. While they are looking at it, the flywheel is cracked, and also the stator on the generator is bad (this truck is a hybrid). ~$5k.

Yesterday the check-engine light on my wifes car came on. The code seems to be a timing chain. Depending on what they find once they open it, that could be up to $3k.

ugh.

nothing like burning through your emergency fund when you anticipate losing your job.

 
file this under venting mostly, but when it rains, it pours.

My truck has been having tissues with studdering - it shakes like I'm driving over a rumble-strip at around 40 mph. It's not like a tire out of balance, it comes from the transmission. So, I have that looked at, and the tranny needs replaced. 150k miles on the truck, so that's probably not unexpected. While they are looking at it, the flywheel is cracked, and also the stator on the generator is bad (this truck is a hybrid). ~$5k.

Yesterday the check-engine light on my wifes car came on. The code seems to be a timing chain. Depending on what they find once they open it, that could be up to $3k.

ugh.

nothing like burning through your emergency fund when you anticipate losing your job.
Ugh ...sorry man. Hopefully this is it for bad luck.

 
Moleculo, don't take this he wrong way but this whole thread reads like someone very passive in their state of life. Sounds like you might need a shot in the arm, get yourself on the offensive. You work as a mechanical engineer, with history in an area booming in the medical device field, and need a few of us to guide you to the obvious conclusion of leaving your dying job to shift to that field. Then when a few maintenance items pop up on the car (one of which sounds like > 10 years old) it is the role of the victim.

Some tough love advice -

1) get a bigger e fund, at your station in life it should be at least $20k, where you can absorb unanticipated car maintenance of even a lost job for a while

2) start networking with a goal of getting hired in the medical device field within 3 months. Get aggressive on this. That doesn't mean applying via Internet or searching monster.com, it means attending a conference, aggressive LinkedIn work, finding old colleagues from your last work in that area, and general making it your 1,2,3 priority.

Forget severance, don't be last rat on the ship. If the company closes you now have handfuls of people vying for the same job. You sound like you know enough to sense danger, the time to act is now. I have been through one manufacturing plant closure and laid off twice, so I have some experience here

 
Moleculo, don't take this he wrong way but this whole thread reads like someone very passive in their state of life. Sounds like you might need a shot in the arm, get yourself on the offensive. You work as a mechanical engineer, with history in an area booming in the medical device field, and need a few of us to guide you to the obvious conclusion of leaving your dying job to shift to that field. Then when a few maintenance items pop up on the car (one of which sounds like > 10 years old) it is the role of the victim.

Some tough love advice -

1) get a bigger e fund, at your station in life it should be at least $20k, where you can absorb unanticipated car maintenance of even a lost job for a while

2) start networking with a goal of getting hired in the medical device field within 3 months. Get aggressive on this. That doesn't mean applying via Internet or searching monster.com, it means attending a conference, aggressive LinkedIn work, finding old colleagues from your last work in that area, and general making it your 1,2,3 priority.

Forget severance, don't be last rat on the ship. If the company closes you now have handfuls of people vying for the same job. You sound like you know enough to sense danger, the time to act is now. I have been through one manufacturing plant closure and laid off twice, so I have some experience here
good stuff. Hate to come off as whiny about the car stuff, it's just the most recent and a source of frustration. On top of the car stuff, my wife has committed to funding the legal defense of my brother-in-law (as detailed elsewhere and previous thread @ FBG since shut down), and we just got done with a a major renovation of our house, and have just started finishing the basement. Framing and rough electrical and plumbing are done. Up next is insulation, dry wall, flooring, trim work. We kind of extended ourselves a little bit thinking things were secure. $8k isn't going to kill me, or even put a huge dent in the grand scheme of things, it just feels like a giant pile of bricks to carry around right now.

I talked to the medical device head hunter yesterday. Sounds like a good opportunity; we'll see where it leads. It's not really a sexy company, nothing really ground-breaking there. Spoke to a different head hunter about a position in Pittsburgh that sounds really awesome - I would be the first ME on staff and eventually have my own team, working on some cutting edge stuff. Of course, it's in Pittsburgh, so there's that.

As far as what happens if this place closes - there are only four ME's in my office. It's not like we will be flooding the market.

My boss was out without warning yesterday. He's generally on top of telling us when he is planning on being out. Of course, I suspect he had an interview. Part of my suspicion hat this place is shutting down is my boss and I went out to lunch last Friday and talked about his Kickstarter campaigns - he's had several successful launches, and was asking if I had anything in the hopper. He said several times "it's good to have options"....reading between the lines, I assumed he was telling me, without telling me, to start looking. It's possible he was just justifying himself looking around instead.

you are right though - I am at a point where I am passive in my career. I don't like this company but had made the decision several years ago to hold my nose and get through it, because this company does have some nice benefits and work/life balance. Basically, I prioritized life outside of work over professional growth. When you make that choice, you lose some professional aggressiveness.

I am attacking monster right now, and am beating around the networking bushes. We'll see what springs up. I'm not going to take the first job that is offered, it's got to be the right job. I've got time. Hell, the office might not even shut down.

 
Moleculo, don't take this he wrong way but this whole thread reads like someone very passive in their state of life. Sounds like you might need a shot in the arm, get yourself on the offensive. You work as a mechanical engineer, with history in an area booming in the medical device field, and need a few of us to guide you to the obvious conclusion of leaving your dying job to shift to that field. Then when a few maintenance items pop up on the car (one of which sounds like > 10 years old) it is the role of the victim.

Some tough love advice -

1) get a bigger e fund, at your station in life it should be at least $20k, where you can absorb unanticipated car maintenance of even a lost job for a while

2) start networking with a goal of getting hired in the medical device field within 3 months. Get aggressive on this. That doesn't mean applying via Internet or searching monster.com, it means attending a conference, aggressive LinkedIn work, finding old colleagues from your last work in that area, and general making it your 1,2,3 priority.

Forget severance, don't be last rat on the ship. If the company closes you now have handfuls of people vying for the same job. You sound like you know enough to sense danger, the time to act is now. I have been through one manufacturing plant closure and laid off twice, so I have some experience here
Also, I wanted to say thanks for chiming in. You helped me get my resume straight 8 years ago and gave some good advice that landed me this current job - I haven't forgotten that. It's good to see the same faces here after all of these years.

 
M> good deal , keep at it and tell the wife that the legal faucet to the in law is getting turned off...

Each layoff I have ever had, I came out of it with at least a 10% salary boost. Look at it as an opportunity...

 
Moleculo, don't take this he wrong way but this whole thread reads like someone very passive in their state of life. Sounds like you might need a shot in the arm, get yourself on the offensive. You work as a mechanical engineer, with history in an area booming in the medical device field, and need a few of us to guide you to the obvious conclusion of leaving your dying job to shift to that field. Then when a few maintenance items pop up on the car (one of which sounds like > 10 years old) it is the role of the victim.

Some tough love advice -

1) get a bigger e fund, at your station in life it should be at least $20k, where you can absorb unanticipated car maintenance of even a lost job for a while

2) start networking with a goal of getting hired in the medical device field within 3 months. Get aggressive on this. That doesn't mean applying via Internet or searching monster.com, it means attending a conference, aggressive LinkedIn work, finding old colleagues from your last work in that area, and general making it your 1,2,3 priority.

Forget severance, don't be last rat on the ship. If the company closes you now have handfuls of people vying for the same job. You sound like you know enough to sense danger, the time to act is now. I have been through one manufacturing plant closure and laid off twice, so I have some experience here
good stuff. Hate to come off as whiny about the car stuff, it's just the most recent and a source of frustration. On top of the car stuff, my wife has committed to funding the legal defense of my brother-in-law (as detailed elsewhere and previous thread @ FBG since shut down), and we just got done with a a major renovation of our house, and have just started finishing the basement. Framing and rough electrical and plumbing are done. Up next is insulation, dry wall, flooring, trim work. We kind of extended ourselves a little bit thinking things were secure. $8k isn't going to kill me, or even put a huge dent in the grand scheme of things, it just feels like a giant pile of bricks to carry around right now.I talked to the medical device head hunter yesterday. Sounds like a good opportunity; we'll see where it leads. It's not really a sexy company, nothing really ground-breaking there. Spoke to a different head hunter about a position in Pittsburgh that sounds really awesome - I would be the first ME on staff and eventually have my own team, working on some cutting edge stuff. Of course, it's in Pittsburgh, so there's that.

As far as what happens if this place closes - there are only four ME's in my office. It's not like we will be flooding the market.

My boss was out without warning yesterday. He's generally on top of telling us when he is planning on being out. Of course, I suspect he had an interview. Part of my suspicion hat this place is shutting down is my boss and I went out to lunch last Friday and talked about his Kickstarter campaigns - he's had several successful launches, and was asking if I had anything in the hopper. He said several times "it's good to have options"....reading between the lines, I assumed he was telling me, without telling me, to start looking. It's possible he was just justifying himself looking around instead.

you are right though - I am at a point where I am passive in my career. I don't like this company but had made the decision several years ago to hold my nose and get through it, because this company does have some nice benefits and work/life balance. Basically, I prioritized life outside of work over professional growth. When you make that choice, you lose some professional aggressiveness.

I am attacking monster right now, and am beating around the networking bushes. We'll see what springs up. I'm not going to take the first job that is offered, it's got to be the right job. I've got time. Hell, the office might not even shut down.
Sounds like no matter what the office does you could use a change.

 

Users who are viewing this thread

Back
Top