Wow these last few weeks have been a roller coaster. Last time I posted about my career situation, I was unable to apply for a position and I had just gotten a lot more competition for the few jobs available.
I feel almost as if this is a TV show with a dramatic cliffhanger. “Last episode, we saw the hero in this precarious position! Tune in tomorrow to see how they magically extricated themselves from certain death!”
I’m not sure if I’ve vaulted out of trouble just yet, but some of you have reached out to me to see how I’m doing so I thought I’d provide an update for everyone to see.
I applied for a position before I left on my two-week trip to Europe. I was advised to not wait for THE ONE and instead find a job that I could deal with until the economic outlook improves. Then I spent a lot of time stuffing my face full of delicious foods and ciders, and tried my best to forget about everything going on at home. I succeeded for the most part until I woke up to a rather ominous message from a coworker.
She told me MegaCorp announced a Voluntary Separation Program for some people in the company. To be eligible for the severance package you need to be higher than Level X. I’m unfortunately not high enough in the company to try to take it, so that option isn’t available to me.
Meanwhile HR is over here bein like, don’t worry we’re fine.
I didn’t think next year’s forecast was that bad that we needed to start cutting people, but I guess it wasn’t an improvement like they wanted to see. We have A LOT of people at MegaCorp who have been here 20, 25, even 30+ years. Most of them are on the previous compensation plan that includes a nice pension and healthcare costs covered in retirement. Aka, they’re pricey. And MegaCorp doesn’t want them around anymore.
From what I’ve been told by those who have been here that long, this is the first step in a series of actions they could take. If enough people don’t volunteer to leave, they’ll do a reorg and force out everyone who “needs” to leave.
“How does this affect you, Gwen?”
It does and doesn’t affect me. My immediate position in the early development program is safe. I will probably have a job after all of this is said and done, even if it isn’t the greatest job in the world or something I’m good at.
It does affect me in other ways in the short term. The position I applied for before leaving on vacation was pulled from the board and given to someone in the resource pool. Every single domestic IT posting on the board was taken down until after the impact from the severance program is known.
However, because a certain someone took the severance package, a job I very much want (and kind of freaked out about) got posted immediately. It is literally the only job posted for IT right now because it’s mission critical this team have at least 2 people on it. This is more or less my dream job. I hesitate to call it my dream job because I know this job is going to be full of ridiculousness, long hours, and stress just like any job. I don’t want to build it up into this fantasy “la la la best job ever”. It might be better to say this position is the perfect fit for my skill sets. It is still in IT, but I wouldn’t be developing any applications. I would be working with the top executives at MegaCorp by supporting their IT needs. Resetting iPad and iPhone passwords, unlocking computers, troubleshooting any issues with other forms of technology, and even making sure off-site locations have the company Wi-Fi network turned on would be just a few of the things I would do.
Most people I’ve talked to about this position scrunch up their faces and go “ewww that job sounds awful.”
Fortunately for me and unfortunately for everyone else that would consider applying (not many), I have an “In”. The hiring manager is my manager from when I was a brand new intern at MegaCorp. He’s told me, multiple times in the 3 years since I’ve been there, that I am his favorite intern and he wants me back. I’ve also been keeping in touch with his manager who is also enthusiastic about me coming back. I’ve even talked to his manager’s manager (3 rungs up on the ladder from me) about the position. After our brief conversation about the position, he said I would be a good fit for it. I don’t want to be too confident, but it seems like the groundwork I’ve been laying the last 3 years is about to payoff.
I submitted my application about 30 minutes after the position was posted last Wednesday. The posting has to be up for at least 7 business days and then they can begin the interview process. Hopefully I’m the only one they interview and the process doesn’t take very long, because I want this position almost more than anything I’ve ever wanted in my life. I’m not thrilled about the location (I’d have to move back to my previous location which I was thrilled about leaving) but I do like the sound of going up a level and the 10% pay raise (ish) that comes with it. Good news is the new/old location has a really low cost of living, so I will be able to reduce some expenses.
Please keep your fingers crossed and I will keep you posted should anything change!
Sounds like some promising developments for you and a great opportunity for you to take advantage of your company’s reorg. Best of luck with the position and I look forward to hearing more!
The Green Swan recently posted…Building Up Courage
Thanks GS! I hope to have an update soon!
Heck yeah, Gwen! Can’t wait to hear how this turns out for you. Is the potential new job in the same city that your current position is?
We recently had a manager who had been with us for 23 years leave to pursue another opportunity and four different people got a promotion out of it in order to plug the holes. Pretty cool to see that as it definitely increases employee morale when they see there are opportunities to move up.
TJ recently posted…Dating Escapades While Saving For a Mini Retirement
No, this position is at HQ in a town about 2.5 hours away from where I currently live. It’s the town I lived in for my internship and first rotation, so I know the area well and have many friends waiting to welcome me back with open arms. Only problem is it’s a smaller town, more blue collar and doesn’t cater to millennials/singles as well as my current town does. It’s more of a family oriented town, which is great if you already have a partner ha!
Good luck! This type of job puts you on the fast track to the executive office. You’ll make a ton of connections and learn more about how things are done at the higher level. Much better than pure technical jobs. I’m sure you’ve heard this before. 🙂
Thanks Joe! After all, it’s who you know, not what you know. I’m actually hoping this will be my last corporate job but I’m not sure I’d be able to turn down an expat assignment if they offered!
Eeek, I hope you get it! I hate hate hate when companies start doing stuff like this, but I do know that it’s out of the necessity to survive.
Keep us posted and good luck!!
Mrs. Picky Pincher recently posted…Guest Post: Picky Nikki Does Boredom
Thank you! Much appreciated! I would love to negotiate for a bigger raise and more vacation, but with this kind of environment I’d probably get put on a list for the next round of layoffs 😐
Just think of how unsettling the job hunt would be if you weren’t on the way to FI. Simply by being on the FI journey we all have savings that if needed can be tapped into. I often think this is one of the biggest advantages of being on the path…
I almost heard a “dun dun dunnnnn” at the end of this post 🙂
Crossing my fingers for you!
Revanche recently posted…Finally Friday: shepherd’s pie
Thanks Revanche! I’m doing my best to just forget about the whole thing and enjoy my weekend.
Break a leg! I’ll be rooting for you. Oh and don’t leave us hanging. Let us know as soon as you do.
Mrs. BITA recently posted…A Frugal $10 Weekend
I will definitely update you all as soon as I find anything out!
Good luck! Corporate jobs are always a hoot on a roller coaster!!!
SavvyFinancialLatina recently posted…The Itch To Own Again
Thanks! I wouldn’t call it a hoot right at this minute though :/
Fingers crossed that the dream job comes through! Sending good thoughts as you weather this storm! (Also, I wish more companies offered buyout packages on a regular basis — that is definitely my imaginary dream scenario for how I’d like to leave my career, but that has never happened at my company, and probably never will.)
Our Next Life recently posted…Financial Independence Is a Good Goal, But a Bad Goalpost
Thanks lady! I really really want this job. Although in a few years I would totally take a buyout package 😀
Did you get the job Fiery Millennial? Excited to hear an update. Corporate jobs can be great — especially the benefits! If you love your job there is something comforting about being able to go to work and check out when leave! The challenge with being an entrepreneur is that you never stop thinking about your business.
I haven’t heard yet! I’m supposed to know by Friday the 18th.