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I learned a valuable lesson this week
Posted on 11/9/14 at 3:28 pm
Posted on 11/9/14 at 3:28 pm
So I took a job this past week to work for a subsidiary of a very large tech company.
Before I came on I asked the basic business questions and was told that while sales weren't that great with the new products coming out we should be profitable next year. I was coached by the recruiter to not deep dive into the finances and sales numbers because it would decrease my chances of getting the job.
Well I took the risk because the subsidiary was again part of a huge tech company that's been around for 60-70 years, they paid me a hell of a lot of money, and I was thinking..what could go wrong..I can ride this out for 2-5 years.
Holy shite moment #1 - The week before I arrive, they had layoffs across the company.
Holy shite moment #2 - We had a all-hands meeting this past week and one of the head guys said that they took a 30 million loss the past two years and if things did not get better over the next 2 years to get to breakeven, we probably wouldn't make it.
My lesson learned? Go with your gut feeling when something doesn't seem right and a recruiter tells you not to ask important questions.
I'm an idiot. Well at least I have 2 years. :-)
Before I came on I asked the basic business questions and was told that while sales weren't that great with the new products coming out we should be profitable next year. I was coached by the recruiter to not deep dive into the finances and sales numbers because it would decrease my chances of getting the job.
Well I took the risk because the subsidiary was again part of a huge tech company that's been around for 60-70 years, they paid me a hell of a lot of money, and I was thinking..what could go wrong..I can ride this out for 2-5 years.
Holy shite moment #1 - The week before I arrive, they had layoffs across the company.
Holy shite moment #2 - We had a all-hands meeting this past week and one of the head guys said that they took a 30 million loss the past two years and if things did not get better over the next 2 years to get to breakeven, we probably wouldn't make it.
My lesson learned? Go with your gut feeling when something doesn't seem right and a recruiter tells you not to ask important questions.
I'm an idiot. Well at least I have 2 years. :-)
This post was edited on 11/9/14 at 3:42 pm
3
Posted on 11/9/14 at 3:37 pm to lsufanintexas
I wouldn't say you are an idiot. You took what you considered an educated gamble and things aren't looking hot right now.
If it improves you'll be glad you did. Just save tons of money so when the time comes to look for a new job you have a six month buffer to live on.
If it improves you'll be glad you did. Just save tons of money so when the time comes to look for a new job you have a six month buffer to live on.
Posted on 11/9/14 at 10:44 pm to lsufanintexas
I've had two jobs in my adult life:
The first was for seven years was at (what was then) a stable forty year-old firm. Through global changes and internal mismanagement, that firm folded two years after I left. I learned many lessons there on what not to do which have helped me in the decades since.
Life is full of unexpected lessons and twists, use the twists for more learning.
Good luck.
The first was for seven years was at (what was then) a stable forty year-old firm. Through global changes and internal mismanagement, that firm folded two years after I left. I learned many lessons there on what not to do which have helped me in the decades since.
Life is full of unexpected lessons and twists, use the twists for more learning.
Good luck.
Posted on 11/9/14 at 11:28 pm to lsufanintexas
quote:That's the kind of thinking that told you to ignore your instincts. Find a new recruiter and start looking for another job now while you are still employed.
Well at least I have 2 years.
Posted on 11/10/14 at 9:07 pm to Coeur du Tigre
Another person quit today which means I will be taking on his workload. I just started last week. I think I am gonna milk this to se3 if I can get more money.
Posted on 11/11/14 at 1:20 pm to lsufanintexas
With the increase of work load and the responsibilities that come with it, I'd ask for the pay bump. BUT, quit thinking 2/3 years nonsense. The economy is not in the dumps now to where you can still be marketable for something that can be long term, better compensation, and not competing with a larger candidate pool. Inquire about the pay bump but don't sit on your arse if this job you started is only moderately satisfactory for your "gut".
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