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Posts Tagged ‘how to deal with layoff’

Unemployed take any job they can get

Wednesday, January 28th, 2009

Losing the job is horrible, especially in this economic environment. Some of the unemployed are taking any job they can get. That’s the smart thing to do in the recession.

Michael Antidormi worked as VP in Goldman Sachs making $160,000 a year. He was laid off in February 2008. Now, he is working as representative for disabled veterans’ outreach program making $36,000 a year.

Jason Eldridge worked as personal banker for Chase bank making $40,000 a year. Now, he is a cook making $8 per hour.

Jarrod Posner worked as mortgage lender making $110,000. Now he is the enrollment counselor in University of phoenix making $33,000 per year.

There are lot more similar stories like this in CNN Money. Life is difficult at this point of time even when you are employed. You don’t know when the pink slips are going to show up in your division. Being unemployed makes things lot more complicated ruining the career and family. It’s better to get some job.

There is one downside to accepting any job. If your new job is completely unrelated to your old job, you will face some challenges to get the job similar to your old job when the economy turns around. If a terminated research analyst in Merrill Lynch starts working for Target at $8 an hour for 6+ months, it’s very difficult for him to get back to investment banking. Although every employer in 2010 would understand the difficulties of 2008-2009 job market, they would prefer someone who is always in touch with his specialty.

Related Link: Recession racks up more layoffs | Five legal ways to work from home

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