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And then the axe fell

October 21st, 2015 at 01:37 pm

So a few weeks ago the VP of my DH's old company got fired. Well technically he "resigned" because of a difference in opinion with management. But from everyone there he was canned for being a A#&(!)#! He walked into the building and was walking out by noon.

What does that have anything to do with us? Well today there was a massive layoff at my DH's old company. 12% of people are being let go by December but they were being informed today.

So it might have been nice to get unemployment and severance. If he were chosen. But my DH said it's better to not be there. Right after layoffs it's depressing to see everyone laid off being the "walking wounded." They are working until December before the layoff officially kicks in and severance and unemployement are claimed.

What would we have done? I don't know. But right now the market is terrible to sell and moving mid year I would not have enjoyed. In some ways my DH feels he came out ahead getting to leave on his own terms.

He's a little worried for friends who are losing their jobs but at the same time maybe they'll be better off. Certainly we ended up in a place unemployed but cheaper and a much happy place. Plus instead of a old, drafty townhouse we couldn't heat, we're in a newer, single family that is very comfortably insulated!

But it is a pretty depressing day for many friends.

4 Responses to “And then the axe fell”

  1. starfishy Says:

    wow, an interesting turn of events! i think you're dh is right in thinking that it was better to leave on his own terms. severance/employment pay could be nice, but i imagine that for most people it's emotionally traumatic to be laid off and there's a recovery period even if it turns out to be a good thing in the end. glad your new life is working for you both! Smile

  2. My English Castle Says:

    Yuck. Wishing them all the best and new better jobs soon.

  3. FrugalTexan75 Says:

    Being laid off isn't any fun at all. I much preferred the times I left a job by my choice/planning versus the time I was laid off. Even though I was laid off at a time where I was able to weather it financially, it still royally stunk.

  4. Livingalmostlarge Says:

    Starfishy it is an interesting turn of events. It is a difficult thing to go through a layoff to survive it and be axed. We've been on both sides of the coins.

    MEC we hope our friends all survive and do okay.

    Frugal, I think money would be nice but it would be hard to be stuck there right now. I also wonder if we might not have gotten as much for our house next year if the market starts to tank for housing.

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