Not a good day.

[goslin23]

I went through a job loss a few years ago due to my position being "eliminated" (read corporate cutbacks). If it weren't for that kick in the pants I wouldn't be where I am today doing a job I love & making the money I make!

Turn it into a positive and never look back!

-=gos=-

[gwyneth]

Turn it into a positive and never look back!

As one of my sisters puts it: "For every negative action, a positive reaction."

[Garasaki]

Keep your head up!

[Ed62]

Sorry to hear about your hard luck, Mike. Hopefully, you'll find something better than what you had very soon.

Ed

[blame]

mike sorry to hear about your job hopefully you will find a better job

blame

[JeffW]

Sorry to hear about the bad news. I hope that something will pop up that will be a better deal for you.

[Pappy]

Just make it an early retirement!

[KenBurris]

Good luck with the search, Mike

[gerti]

Bummer! I had very little work for almost two years, when the IT business was really in the dumps. And now I got the best job I ever had! So don't let it get you down. And as all others said: use the time to do all those projects you wished you had the time for.

[billwmeyer]

That hurts!

Mike, if I remember right, you had that problem awhile back too. It sure doesn't boost your confidence does it? Don't show that in an interview!

I guess the good news is that as a bean counter, there are some opportunites out there. If I heard correctly, it is one of the highest demand jobs out there right now. I know what you are going through as I was in your position a few years back and it feels terrible.

Good luck on your job search! Hopefully you will get a better paying job closer to home.

A fellow bean counter- Bill

[Russianwolf]

Mike, if I remember right, you had that problem awhile back too. It sure doesn't boost your confidence does it? Don't show that in an interview!

I guess the good news is that as a bean counter, there are some opportunites out there. If I heard correctly, it is one of the highest demand jobs out there right now. I know what you are going through as I was in your position a few years back and it feels terrible.

Good luck on your job search! Hopefully you will get a better paying job closer to home.

A fellow bean counter- Bill

Yep, Almost 3 years ago I was cut loose from another job. Difference is I screwed up at that one and this one was I was a victim of the Income Statement (expense cuts). So I'm not nearly as depressed as I was 3 years ago since it wasn't anything I did this time, but not being depressed doesn't pay the bills.

It really sucks because I liked the job and more importantly the people I worked with. My Boss didn't want to do it but if he didn't make the cuts, they would have fired him then made the cuts themselves. fact of life in the business world.

I'm not in as bad a shape as I was 3 years ago, I can go 2 months without a job before running out of money(severance and savings), but I plan to be working in some fashion WAY before that. I'll start temp/contract work before the month is out. Doesn't bring in the same money, but it helps stretch the 2 months and more importantly doesn't let a gap appear on the resume. My biggest concern is Health insurance for Lillian. She has health problems that we've been trying to address since before I lost the first job. Not having insurance puts a very large burden on me.

[LCHIEN]

.... My biggest concern is Health insurance for Lillian. She has health problems that we've been trying to address since before I lost the first job. Not having insurance puts a very large burden on me.

Employers are federally required to provide COBRA, stands for continuation of benefits...can't remember the rest of the acronym.

That means you should be able to continue paying the insurance premiums and be covered under the same plan as you had, even after you leave employment involuntarily. The catch is, that you will have to pay the full premium (that was subsidized by the employer), not just your cost. That is often $500-600/month plus what you were paying which might have been like $100 per month. Even so, if you have pre-existing medical issues this may often be worth paying.

[Kristofor]

The catch is, that you will have to pay the full premium (that was subsidized by the employer), not just your cost. That is often $500-600/month plus what you were paying which might have been like $100 per month.

COBRA can be even higher. I know people who would have had to pay $1150/month. The price depends on how big your family is, how good your coverage was, and how large of a group was covered by that policy.

HIPPA ensured that your pre-existing conditions would be covered by a new provider so long as you had continuous coverage. However, that's only if you're on a group policy. If you opt for personal health insurance for a more bare-bones (less expensive) plan, that doesn't give you the pre-existing condition coverage when go back to work if that's a concern.

[TheRic]

Loring is correct. COBRA - Consolidated Omnibus Budget Reconciliation Act. You do NOT want to have time with no health insurance if your wife has a pre-existing problem. Some insurance companies won't cover medical problems if there is a gap in coverage. I would check into COBRA ASAP.

[LCHIEN]

Generally when you get laid off or RIFed they will provide some extended insurance coverage, usually a month. Then you have to decide whether or not to extend coverage under COBRA (sorry about the acronym! - I think Ric's right) so its best to find out now what's available so you can plan. I think COBRA materials came from the previous employer a couple of days after being let go.