redhead-kitten's Journal: It's official!

We got our severance packages today, and our separation date is March 30, 2007.

I'm going to take the money and RUN!

^_^

Suggestion.

[Talinom]

I'm going to take the money and RUN!

Bravely Flee [corky.net]!

SINGERS
Brave Sir Robin ran away.

ROBIN
I didn't.

SINGERS
Bravely ran away, away.

ROBIN
No, no, no.

SINGERS
When danger reared its ugly head,
He bravely turned his tail and fled
Yes, Brave Sir Robin turned about
And gallantly he chickened out
Bravely taking to his feet
He beat a very brave retreat
Bravest of the brave Sir Robin
Petrified of being dead
Soiled his pants then brave Sir Robin
Turned away and fled.

Job ending?

[ces]

So what is the deal with the job ending?

Has the large financial institution you work for decided to make you redundant?

The good news is the economy around here is doing reasonably well so finding a replacement shouldn't be too hard. But it still sucks to have to job hunt even when recruiters seem to be pounding your door down.

Re:

[redhead-kitten]

After many years of many acquisitions and a downturn in the lending area, said large financial institution decided that they had too many redundancies and also decided to move some operations to markets where the cost of living is cheaper and thus the cost of doing business is cheaper.

This is the 3rd time in 8 years that it has happened to me with this company and i decided that i've had enough.

It won't be too hard to find another job, because i'm a glorified paper-pusher with accounting functions thrown in

Re:

[SolemnDragon]

If the answer is, "Smart and pretty," then you're there.

Re:

[redhead-kitten]

*blush*

^_^

Re:

[ces]

After many years of many acquisitions and a downturn in the lending area, said large financial institution decided that they had too many redundancies and also decided to move some operations to markets where the cost of living is cheaper and thus the cost of doing business is cheaper.

Kind of figured it was something like that, part of how acquisitions are sold to the shareholders is via 'increased efficiency' which I'm sure you know is just a pretty way of saying "we're going to fire a bunch of people".

As for moving operations to where the cost of living is lower I can kind of understand that but unless they are moving operations to Mumbai I doubt it will really buy them anything significant in the way of savings. The counter-example are the number of companies who have moved some of t

Re:

[redhead-kitten]

As for moving operations to where the cost of living is lower I can kind of understand that but unless they are moving operations to Mumbai I doubt it will really buy them anything significant in the way of savings.

They've already done that. Much of the help desk functions were moved to India. However, the functions that i work with are being moved to Florence, SC in the end. Apparently the cost of living is cheaper than the Puget Sound area.

Thanks for the kind thoughts.

^_^