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Monday, August 20, 2007

Adrift

Hmm…I had started a post earlier today about my general paranoia about the mortgage market and it's potential effect on my employment. Since beginning the post, I've found out the impact… The company where I've worked for the past 6 years is shutting down (or rather, being wound down by our parent company). We got the announcement today, at about the same time as the press release went out, but won't know any details on severance packages or possible retention packages until Friday. I do not like change. And, I do not like knowing only a little bit about what's going to happen. Tell me everything right away…don't take a full week to rip off the Band-Aid. (Now, if it were an actual Band-Aid, I might take that full week.)

My particular department *may* be retained for a while (6mo +?), but this is from verbal statements. I won't believe it until I have the retention package in my hands. (Or the severance package, whichever the case may be.) I'm kind of freaking out right now, but given what little we've been told already, it sounds like I should have a good window of time to find something before the severance would run out. I'm hoping they offer us a good retention package, because if they do, I'm riding it out until the end. However, just knowing that it is going to end is causing me gastrointestinal distress. (Sorry you had to hear that, but it's true!)
Anyway…I guess I'll be tightening the proverbial belt a bit now. And brushing up ye olde resume - if I can find a copy of it anywhere. I may have to request it from HR.

Wish me luck (and sanity!). I just may have to start selling that jewelry after all...

8 comments:

kerri said...

Well, holy crap! I'm so sorry. Sticking it out for the retention plan sounds like a good deal.

((HUGS!!))

kerri said...

I meant severence or retention plan.

BTW. I hate change too.

Christyn said...

Thanks for calling me and giving me a heads up. I totally had no clue this was happening. OY!!! Please let me know what happens throughout the week, since I'm obviously out of the loop with being on maternity leave!!
Hope you have a good night..if possible!

Kristin said...

It will work out, for the better. Start looking and updating profiles and resumes and such. I am passing your name on to a recruiter. I will cc you so you know.

Dagny said...

So sorry. I'm sure all will work out for the best though. Perhaps you will end up in a place that they don't care if you're fashionably late. ;-)

Caitlin said...

So sorry Tami. Yuck! Please keep us posted. big hugs!

Joie said...

I am so sorry! That totally sucks.

Check your home email, I sent you some info on my husband's company. They are national, and they are hiring here, so they may be hiring nationwide. I hope the info is helpful!

Good luck!

Gimme a sign said...

I'm sorry to hear the news, Tami, but I'm keeping my fingers crossed that you will soon find a less stressful job in a more pleasant atmosphere.