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Started By
Message
Do you have a genuine layoff plan?
Posted on 9/2/15 at 11:07 am
Posted on 9/2/15 at 11:07 am
My pal is a touch paranoid, but is now for the first time a little concerned about getting laid off, and he is not in one of these fields where layoffs are common and almost periodically expected. He also doesn't expect any type of severance.
It got me thinking...Maybe I've been naive, but I've never worried about it.
Do any of you have a thought out lay-off plan?
It got me thinking...Maybe I've been naive, but I've never worried about it.
Do any of you have a thought out lay-off plan?
24
Posted on 9/2/15 at 11:10 am to AUjim
Posted on 9/2/15 at 11:19 am to AUjim
I save a lot of money is my plan.
Posted on 9/2/15 at 11:20 am to AUjim
I've got enough saved to lease a billboard or two to start a personal injury practice. Got a catch phrase and everything. If oil gets into the 30's I'll call Lamar.
Posted on 9/2/15 at 11:22 am to GaryMyMan
Get Hurt? Call Burt!
Posted on 9/2/15 at 11:23 am to AUjim
A plan like how I'm going to find another job or a saving account so I can keep paying bills while I do?
Posted on 9/2/15 at 11:26 am to AUjim
Employee mentality... I hate it.
Try working as an independent contractor, you can be cut off at any time so your work better be providing some value.
Try working as an independent contractor, you can be cut off at any time so your work better be providing some value.
Posted on 9/2/15 at 11:28 am to AUjim
Its called an emergency fund.... x months worth of expenses put aside for unforeseen eventualities. The greater the fear, the bigger 'x' gets. When fund x multiplied by .04 exceeds annual expenses, its called financial independence. then the word FIRE takes on a new meaning "Financially Independent, Retire Early".
This post was edited on 9/2/15 at 11:36 am
Posted on 9/2/15 at 11:30 am to AUjim
I have about 2 months of living expenses, plus my wife's income in case of layoff
other than that, the plan would be to find another job ASAP
other than that, the plan would be to find another job ASAP
Posted on 9/2/15 at 11:31 am to GaryMyMan
When things get Harry call Gary.
Posted on 9/2/15 at 12:07 pm to AUjim
Got money saved up.
Get on unemployment.
Look for new job.
That's about it
Get on unemployment.
Look for new job.
That's about it
Posted on 9/2/15 at 12:27 pm to TheIndulger
Emergency savings. Although I have taken my cash amount down to 3 months of income vs. 6 months but if it happens, I could always cash in some stocks.
And I would get a nice severance. I probably could live 4 or 5 months on the severance. Then unemployment. I probably wouldn't have to touch savings or wife's income for 6 or 7 months.
And I would get a nice severance. I probably could live 4 or 5 months on the severance. Then unemployment. I probably wouldn't have to touch savings or wife's income for 6 or 7 months.
Posted on 9/2/15 at 1:08 pm to AUjim
Turn tricks until I can find another job. Or I can finally be a stay at home dad.
Posted on 9/2/15 at 1:58 pm to AUjim
Our emergency savings would support our family for three months if I was let go and six months if my wife was let go.
I'm not too proud to use unemployement, hell I've paid more than my share into it.
I'm not too proud to use unemployement, hell I've paid more than my share into it.
Posted on 9/2/15 at 2:04 pm to Teddy Ruxpin
quote:
I save a lot of money is my plan.
got ma mind on ma money and ma money on ma mind
swag bish
Posted on 9/2/15 at 2:21 pm to AUjim
I work for myself, so my "layoff plan" would be to go find apply for jobs I suppose. 
Currently have 6-8 months of expenses/living in savings though.
Currently have 6-8 months of expenses/living in savings though.
Posted on 9/2/15 at 2:26 pm to AUjim
I'm young with no kids, will go work on a cattle ranch out west, Mont or WY. Happy guide hunts for a season. Do that for a year or so unless the exact job I want come up.
Posted on 9/2/15 at 2:27 pm to AUjim
I'm young with no kids, will go work on a cattle ranch out west, Mont or WY. Happy guide hunts for a season. Do that for a year or so unless the exact job I want come up.
Posted on 9/2/15 at 2:28 pm to AUjim
I'm young with no kids, will go work on a cattle ranch out west, Mont or WY. Happy guide hunts for a season. Do that for a year or so unless the exact job I want come up.
Posted on 9/2/15 at 3:07 pm to GREENHEAD22
Good idea. Are you young, and do you have any kids?
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