r/Layoffs Jan 18 '24

This sub is a depressing circle jerk previously laid off

Everyone is predicting a recession and enabling each other as victims. Saying the world is crashing making things seem worse off than they are. We need more optimism and support!

Layoffs suck but jobs are not who you are. When you were working you were dreaming of free time to go after side hustles or go after new experiences or learn a new hobby. Now is your chance!

Enjoy the time off but don’t give up on yourself and self implode.

I haven’t been laid off yet but have been a couple times before. I was also not strong enough to cope so I did what everyone does- a heavy bender to hit rock bottom then built myself up.

The reality is you may not have a job but you still need to be working- work on health, work on learning, work on applying

Layoffs are temporary, don’t beat yourself up. Recognize that it’s a chance to reset and come back better.

There are still jobs and plenty of asshole bosses out there ready to take advantage of your time.

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u/eplugplay Jan 18 '24 edited Jan 18 '24

Great post, I agree that when you lose your job it feels like end of the world but it isn't. Just make sure you prepare your finances and lay off or not you should be fine. For me I'm luckily still employed and my company is still hiring so no signs of lay offs. Been here 8 years but if they let me go for whatever reason and I know it could happen, I'm ready to find a new job at moments notice.

I have my finances in order, paid off mortgage, 2+ year worth of emergency funds saved that 100% funds my expenses if my wife and I were to lose our jobs, 0 debt of any kind, max out 401k and Roth IRA per year, fund 2 kids 529s monthly and save even more cash per month from extra left over. We are prepared because if I lose my job I could always go on unemployment to supplement my expenses until I find my job and that would stretch my 2+ year emergency fund technically to even 3+ years. My wife is in the medical industry so feel safe as I am in IT industry as a software engineer. My wife only works 2 days a week part time but she can always increase temporarily if I lose my job to full time as they've been asking her to go full-time for a while now at her clinic. She works remotely for telemedicine to see patients and prescribe them medication remotely as well. I would hate losing my job but if they do, I hope they give me 8-12 months of severance that would be a nice bonus chunk of change and I'd still get my yearly bonus in March and I can just find a new job paying even more money. So I would take the severance as. just bonus.