Laid Off? Join the Club & Improve Skills

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Discussion Overview

The discussion revolves around the experiences and challenges faced by individuals who have recently been laid off or are anticipating layoffs. Participants share their personal situations, coping strategies, and thoughts on the job market, unemployment benefits, and the broader economic context. The conversation includes reflections on skill improvement, job security, and the impact of economic conditions on employment.

Discussion Character

  • Debate/contested
  • Personal experiences
  • Exploratory reasoning

Main Points Raised

  • Some participants express a sense of security due to savings or the support of a partner, while others feel anxious about their job prospects.
  • Several individuals mention taking classes or improving skills during their time off, with some noting that government funding for education may be available.
  • Concerns about the job market are raised, with participants discussing the competitive nature of finding work during economic downturns.
  • Some participants share positive outcomes from previous layoffs, highlighting that new opportunities can arise unexpectedly.
  • Frustration with the unemployment system is expressed, with anecdotes about the complexities and perceived inefficiencies of the process.
  • There are mixed feelings about the economic situation, with some noting that certain sectors, like welfare services, seem to be thriving while others struggle.
  • Personal stories of hardship and resilience are shared, including health challenges and the impact of family dynamics on employment situations.

Areas of Agreement / Disagreement

Participants generally share a common experience of being laid off or facing job insecurity, but there is no consensus on the best coping strategies or the effectiveness of the unemployment system. Multiple competing views on the economic situation and personal experiences remain evident throughout the discussion.

Contextual Notes

Some participants mention specific regional economic conditions, such as those in Michigan, which may influence their experiences. There are also references to varying levels of support from family members and partners, which affect individual circumstances.

Who May Find This Useful

This discussion may be of interest to individuals facing job loss, those looking to improve their skills during unemployment, and anyone seeking to understand the challenges and strategies associated with navigating the job market during economic downturns.

  • #31
Integral said:
I received word tonight, I am offically out of work as of 1 Apr.

I will be eligible for trade act benifits. My hope is to get a teaching certificate.
Integral, that's horrible. Hopefully this will lead to better things.

My oldest daughter left a great high paying job in November to work with a veteranarian because she's changing her major. She just got laid off because business has dropped off due to the economy.

You're close to retirement aren't you? Is it possible to take early retirement instead?

My boss, that I love, was laid off last week. He had kidney cancer and without his existing insurance with our company, he is now uninsurable. I cried most of the day.
 
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  • #32
I am less then 3 years shy of being eligible for HP retirement, I was kind of hoping to hang around long enough to get that. While I will miss the paycheck I will not miss the work or the way the environment was evolving. A part of me is glad to be out.

HP is no longer the employer it used to be.
 
  • #33
Integral said:
I am less then 3 years shy of being eligible for HP retirement, I was kind of hoping to hang around long enough to get that. While I will miss the paycheck I will not miss the work or the way the environment was evolving. A part of me is glad to be out.

HP is no longer the employer it used to be.
Geeze, 3 years from retirement. Will you lose everything associated with your retirement? It's just sickening to work all of your life, doing your best for a company, then just get shafted.

I wish I was in a position to help you.
 
  • #34
Sorry to hear that news Integral.
 
  • #35
physics girl phd said:
Time to have a baby... ...we're also looking at prospects elsewhere

Now there's an intriguing possibility... :rolleyes:
 
  • #36
Hey, no babies below the Poverty line!
 
  • #37
Sorry to hear you're out of work integral. :frown:
 
  • #38
Integral said:
I received word tonight, I am offically out of work as of 1 Apr.

I will be eligible for trade act benifits. My hope is to get a teaching certificate.

Well that just sucks.
 
  • #39
Hmmmmmmmm, april 1st. Hopefully they are just fooling you.
 
  • #40
Perfect time to be a graduate student I guess.

Personally, I don't trust anyone holding my retirement money. I even got my ex-gf to not invest into the company pension plan. I told her to go for another option, which is tied up in her own bank account under her own name. Sure you have to trust the bank, but I have more trust in a bank than a company.
 
  • #41
Integral said:
I received word tonight, I am offically out of work as of 1 Apr.

I will be eligible for trade act benifits. My hope is to get a teaching certificate.

Oh no! I'm very sorry to hear that, Integral. Being three years from retirement probably didn't help either. Seen that before...

I'm sure that you will make a great teacher.

My condolences to everyone else as well. Unfortunately, we live in interesting times.
 
  • #42
JasonRox said:
Perfect time to be a graduate student I guess.

Personally, I don't trust anyone holding my retirement money. I even got my ex-gf to not invest into the company pension plan. I told her to go for another option, which is tied up in her own bank account under her own name. Sure you have to trust the bank, but I have more trust in a bank than a company.


Couldn't agree more. Of course I won't be a grad student until September, but the point still stands. At least I don't have to worry about signing up for unemployment after graduation.

To those of you stuck between a rock and this economy, I wish you the best of luck.
 
  • #43
HP's loss will be the students' gain. I want to send Integral my copy of the Stand and Deliver movie.
 
  • #44
Actually looking at my paper work there is a 1yr grace period. On my last day I will be a week over 13yrs, I need 15. Considering the grace period I am missing retirement benefits by 1yr.

All, Thanks for the thoughts.
 
  • #45
JasonRox said:
Perfect time to be a graduate student I guess.

Personally, I don't trust anyone holding my retirement money. I even got my ex-gf to not invest into the company pension plan. I told her to go for another option, which is tied up in her own bank account under her own name. Sure you have to trust the bank, but I have more trust in a bank than a company.

You have a point, but remember that the whole recession thing started because banks were falling through the hole. There are some banks here, that for a while (it has now been upgraded by the government) could only guarantee 20 000 euro of your money in one of their accounts. Nobody knew until it was too late and everyone started trying to spread there pension funds over 4 or 5 banks to make sure it was secure. It has been raised to 100 000 euro by the government, but some people need more protection than that.

Also, my company pays half my pension and I pay the other half, but it is a pension with a bank. The company isn't holding my money for me. If I change companies, the money moves with me to the next company. If I told them I didn't want their pension plan, I'd have to put up the other half myself every month. I'm also not a big fan of forced pension schemes, but if it works it's great, the problem is when something goes pear shaped like what has happened to Integral. Then it is just a shambles.

Safest place for your money is in your matress and hope it gets comfy and multiplies :-p
 

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