So today our CEO set up a meeting for the whole organization to meet on teams.
Turns out that multiple people were laid off today. It was mentioned that they are unsure if more are on the way. But low key hinted that it's not over. These layoffs are across the board of the enterprise.
I am just so lost because every quarter it's announced we have been having RECORD BREAKING profits but this shit happens?
Also, it sounds like the responsibilities of those that were laid off may end up getting spread across the existing teams with the potential of no pay increase.
At this point I am curious if I should start getting proactive and start looking for a new job with increase pay and better benefits before I end up in the chopping block..
I am trying not take this personal but it's really hard not to when I have health issues where I need my insurance and student loans are about to kick in and my spouse and I essentially have a giant ass mortgage payment with those loans. I am very frustrated. Plus I was trying to hit the vestment period of my 401k because I am only 5 months away from getting to keep my companies match and there is a chance I could lose this if I get laid off. I am just so pissed.
I feel like the mass announcement was essentially a way to say it's opening season and nobody is safe to get people to quit on their own so the company does not need to pay unemployment. This is all a bummer because I really do enjoy my team but I am not sure how much longer they will all be together.
What is everybody else's thoughts on how to approach this? Should I get ready to leave?