If you listen to Top 40 radio even a little bit, you will have probably heard a song by 21 Pilots. It seems they're all over the radio these days.
There's one song they played so much I can hear it echoing through my head even now.
This song is my life right now. I am so stressed out.
I was doing fairly ok until the last 24 hours hit.
Before, I was only worried about finding a job. Now I am close to freaking out.
Megacorp has an entry level development program. It's comprised of 2 18 month rotations in various aspects of the company. I was placed in this program when I came back to work after graduation. So far, I've been placed in jobs that aren't exactly the best fit for me. I've been really looking forward to having the freedom to pick my own job for once. However, now I don't even have that freedom. I need to find a job, and find one fast for a number of reasons.
As I've mentioned in all of my Monthly Spending Reports, my rent is $1007 a month with an extra $50 pet fee. On November 7th, my lease will officially be up and I will move to a month to month lease. This means my rent will skyrocket up to $1749!! That's a 60% increase!!
Now, because I have my hefty emergency fund thanks to being financially savvy, I can afford the increase. I'm not going to be homeless. I'm not even going to be forced to put it on my credit card. That $700 is basically all of my discretionary spending money though, and I am NOT a fan of not getting to spend it on
food whatever I want. Especially right as the holidays approach. I have a niece to spoil!
The quicker I can figure out what I'm doing job wise, the quicker I can get my housing situation sorted out.
If I stay here, I will sign a 6 month lease and promptly resume my search for rental properties.
If I move, I will bite the bullet and pay their ridiculous rent until I move to the new place.
I'm very glad this rental situation will be able to be handled without going into debt. It's still stressful, but not as stressful as losing my apartment would be.
In a Megacorp with 60,000+ employees, there will always be people watching the job board for a new position. I expect there to be at least a few applications for each opening. No biggie.
There are also my fellow entry level program graduates. I take them more seriously, since we're all roughly in the same place with regards to experience. I post out with 7 other people. Currently, there are only 5 positions open. We qualify for 3 of them. Competition is going to be fierce.
And finally, in addition to my fellow entry level people, I am now competing against ~70 employees from another office. They received notification yesterday their jobs will no longer exist. They get one chance to get another position. If they don't, they will be laid off with a tiny severance package. If they're lucky to even get one at all.
This means I'm not only competing against people who are similar to me, but also to people who are far more experienced than I am. As if that wasn't bad enough, this is merely the first round. There are roughly ~250 more people to be on the chopping block.
I need to find a job quick so I don't have to compete against all those desperate people.
Currently, if you move to another position on the same level, you'll probably get a raise. After November, this will no longer be the case. Megacorp is suspending this particular benefit until market conditions improve.
This means I need to get a position before November so I get the raise I've worked so hard for over the last 3 years.
Of course, I could just avoid the whole issue and go up a level, but there aren't any of those positions I want to do/would be good at. For the reasons mentioned above, I'm not willing to wait for one either.
I very specifically didn't include any raises in my projections for this reason. The only guaranteed paycheck is the one I'm getting right now. (and even that is starting to look a bit shaky…..)
However, given the choice, I'd much rather get a 10% raise. As countless people told me at FinCon, they fully anticipate me being retired well before I turn 35. Getting a decent raise like this would definitely speed up the process!
I am allowed to apply for jobs this Friday, September 30th. There is one opening I will be applying for. I met with the hiring manager on Monday and I think the job will be a decent enough fit for me. It's a little more technical than I'd like, but I will survive it. This position also comes with the option of moving to another location in a different state, or possibly even working from home. I like the sound of that, so I will be applying. I come pretty highly recommended (it really does pay to know people), so I'm optimistic I will at least be a finalist for the position.
As for the blog, I will be taking off for a two week trip to Europe! I will be seeing the new Harry Potter play in West End, spending a few days in Paris and Amsterdam, and exploring other parts of the UK. I probably won't be quite as responsive, so forgive me if I take longer to respond to messages. I'm looking forward to testing my Google FI phone plan overseas for the first time.
I'll be sure to share lots of pictures! If you'd like to see me explore Europe, follow the adventure on my Instagram!
Update: I added a new post about my career situation which you can read here.
Anyone been through layoffs and staff reductions? How'd you handle the stress?