Thread regarding AT&T layoffs

Choosing to be proactive and preparing while still here

I have to take a different view than the many I people that I see on here stating you should just quit, be proactive, and don't wait to be surplussed. For many in the "target" demo, those of a certain age and length of service (like me), it's not that simple. I am choosing to be proactive and preparing while still here. That involves paying off all debt that I can, saving as much cash in an emergency fund that I can, brushing up the resume, being active on LinkedIn, and networking to the best of my ability; explaining that I am anticipating being in the job market within the next year or 2, but not ready to move yet. After 20+ years I earn a good salary here. Have a ton of vacation time. Having feelers out for the last year or so I am resigned to the fact that it's likely I will not make as much (right away at least), in my next gig. I certainly won't have the same vacation time either. I actually still enjoy my work and I like my team, but like everyone else, I am weary of the constant cycle of layoffs. Though honestly I am sort of becoming numb to it. As it continues, with each round I am actually more at ease. I realize this is probably backward thinking as the herd continues to get thinned, theoretically my number is closer to coming up. I am just not fretting about it as much anymore, as there is nothing I can do about it. What I CAN do is what I mentioned above, and continue to save $$, and wait until asked to leave, then collect my severance and pension and hit the trail.

Bumped from @Yuj1opg-1tzd.

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| 2893 views | | 17 replies (last April 14, 2019) | Reply
Post ID: @OP+YvQCtFE

17 replies (most recent on top)

I also got smoked out in February. I did max 401k plus 2 % every year. I also kept an eye on it and rebalanced my buckets as needed. After 20 years, I had over 650k in there. I am amazed at how many folks don't contribute to this. You need to live on your fair market value. If it is more, go find another job. If it is less, you need to scale it back and start saving.

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Post ID: @4sfh+YvQCtFE

Invest in real estate

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Post ID: @2des+YvQCtFE

Good strategy until the market tanks and jobs are hard to come by....

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Post ID: @2plj+YvQCtFE

@1gml so you are saying there will be zero jobs at AT&T in the near future? But I can stick around longer if I pretend to agree- Pretend to who?

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Post ID: @2xyc+YvQCtFE

The two things that I am doing is paying my debt down and I went back to school. I wanted to go in a field that I loved but also make a salary compariable to what I am making now. So, I went into the nursing field The pay is great and there will always be jobs available.

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Post ID: @1ehq+YvQCtFE

There is no way to survive the future - you will be surplussed. Prepare now.

Great results won’t save you, connections can’t save you (they will be surplussed too at some point).

The only thing that will keep you on the payroll longer is if you pretend to agree with and go along with the elderly, white, male dominated management methods that are destroying our stock, the company, and our jobs. God speed to everyone. Always be ready.

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Post ID: @1gml+YvQCtFE

Wish I would have left a couple of months before the aX fell. It would have been easier to land a full time job with benefits instead of waiting until the last minute and getting stuck in temp to hire jobs for two years until getting picked up by the gov’t sector. That’s the only way to go for older folks.

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Post ID: @1lee+YvQCtFE

If you have been financially preparing for retirement from day one, when you finally get that call, you can move on gracefully, relax and enjoy.

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Post ID: @1dwx+YvQCtFE

good mindset and planning. Have done the same from the day I started, planned for retirement. T has been good, very good salary, vacation time, etc. I was able to put 3 through college and they have no debt, plus contribute a significant amount to their wedding dowries. I am within 60 days of meeting MR75 and plan to retire. Stress too much anymore and I know the targets on my back (age and location). Good luck everyone. Hope my decision to voluntarily retire saves someone from an unwanted surplus.

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Post ID: @1pnw+YvQCtFE

@yzy, you’re on the right path for what may come. T came for me in 2016, and looking back, I was prepared in every way, except mentally. A little too far from retirement and worried about the age ceiling and the younger workforce I would have to compete against, I networked with prior friends and managers until I made it back in the door before the Surplus deadline.

I went to work for T straight out of college and have never known any other full time employer. Many of you longtimers may have similar situations so I would say to you.....network now, get they “lay of the land” as they say. If you have been dedicated to your work, over the years, you have left a long trail of good prospects to call or at least good references to rely on.

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Post ID: @1kpm+YvQCtFE

If you're actually taking your 6wks of vacation, then you have WAY too much free time. You just went to the top of the list.

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Post ID: @1hjf+YvQCtFE

I have the same mindset as the OP. I’ve got over 30 years of service. I’ve updated my resume, updated career path competencies, built a LinkedIn account, paid down debts, etc. I’m at a stage in my life that I’m better off staying until they tell me to go. I can’t control how/when I leave this company but I can control being prepared when my turn comes (probably by year end).

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Post ID: @yzy+YvQCtFE

I agree with OP.

We all see the writing on the wall.

I was preparing to retire. When the sipp came around last April, it was icing on the cake. I know it’s tough, stay positive.

Look for opportunities out there in the meantime. It’s easier to find a job while on the job.

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Post ID: @rdr+YvQCtFE

I would definitely take advantage of the tuition assistance. I was able to get the company to pay for my Bachelors and Masters degrees at legitimate brick and mortar schools. Like the OP, I am maxed out on vacation and have almost 25 years with the company and likely face the chopping block soon.

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Post ID: @dld+YvQCtFE

I left in feb... I was surplused. You have the right idea. Get the free education and use company time to work on resumes and all. Pay your debt down as much as you can.

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Post ID: @dwv+YvQCtFE

I was occupational before I retired. If I was there now, I would be testing for Wireless technician jobs, particularly if you're covered by the guaranteed job offer. They have to give you a job you are basically qualified for, so cherry pick some jobs and get basically qualified.

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Post ID: @sxn+YvQCtFE

Don’t forget to try to hook up with that hot coworker you always wanted to

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Post ID: @hpx+YvQCtFE

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