As from an employee standpoint, going through a restructuring is one of the worst thing to live in your career. Strangers came in like invaders, they took over the company and then decided of our life for ourself and if we were “good enough” for them.
As an employee, you have no control over your future in the company, you have no idea about which one of your colleagues who will still be there, what projects will be important and if you’re still going to have a job tomorrow, next week or next month. The only thing you control is if you want to live this moment or not.
I wanted to keep what I had
I didn’t want to lose my friends, my pension plan, my vacation credits, all I have built there in terms of reputation and my paycheck. Leaving the company would have meant to start over elsewhere and that’s not what I wanted so I decided to stay and suffer. 🙂 After all, it’s the same everywhere nowadays and my paycheck would be hard to replace elsewhere anyways.
3 months of uncertainty
It lasted 3 months. It was three months of stress and uncertainty. Every morning I had to motivate myself to wake up and go to my job with a smile even though all my projects were stucked on the back-burner. But I went through it and even got promoted to a new department in new functions (I don’t have any knowledge in that domain but they told me that’s the place where they see me fit the best). This should help me reach my goal of getting 100,000$ per year in job income before 2018. I might even be able to reach my goal before 2016 or 2017… We’ll see. That will be interesting.
I’m going to learn new stuff and do my best but I was shocked… Why would they ship me in a position I never applied for, never studied in, never demonstrated any interest in whatsoever? I even got promoted to a higher level than other employees who have been there for years in hope of getting that promotion. I think it’s my boss who dragged me there but he won’t tell. He was promoted as the head of the department.
And even more weird… I was replaced by someone else who was on a sick leave and has no experience in my position… Oh well…
Many got laid off
Not all my colleagues and friends had the same chance I have. Some were laid off just before Christmas, others were offered less attractive jobs with a lower pay scale. One of my colleague and friend has been the manager of a team for twelve years and he will now be at the same level than his employees… He took it hard.
I try to be optimistic in life. Such events are a good time to force you to think about your life and career, about what’s important, about what makes you happy. Restructurings don’t make me happy. Being under the dominion of a new CEO who can decide what to do with my life without asking doesn’t make me happy. Being stucked in a cage doesn’t make me happy.
My escape plan is more important than ever
It comforted me in my plan to reach early retirement. It comforted me in my plan to diversify my sources of income and to refund my mortgage at the speed of light. Why? Because I don’t want to feel that stress another time in my life if I can avoid it. And because in the end, I don’t work because I love it but because I have to. Repeating the same tasks day after day like a hamster in a cage is not what I had dreamed of when I was a kid picturing my future life.
Is the restructuring over? They said so but I don’t believe it. We are put to test. The new CEO is bringing in a new culture of “accountability”, self-management and competition.
We’ll see where all this brings us or me but at least I still have a good job, my vacation credits, my pension plan, my paycheck and my goals! Things are getting better for me. I now receive more than a 100$ per month in passive income from my dividend growth investing strategy and between 10 and 30$ per month from my online activities. I know it’s not a lot, but it’s just starting and it improves fasts!
2015 is on its way and with it will come new challenges and events. That’s how we grow and learn.
Have you ever been laid off? Was it a good or a bad thing in your life?
Image courtesy of Imagery Majestic / FreeDigitalPhotos.net