August 1, 2013

Lay Offs

There have been rumours of layoffs coming for a while now.  I knew I was safe, luckily.  My boss told me about a month ago that I wouldn't be affected.  But its really sad... we lost 2 people in our department.  One had been with the company a very long time.  Since I've known this was coming for a while, I've been walking around at work wondering who was going to be affected.  I never would have guessed that some of the people that were let go today ever would have been at risk.  I think some mistakes were made in the decision making process.

Even though I am lucky enough to still have my job, today really made me realize how much I need to get my act together and rebuild our emergency fund.  We used to have 6 months of living expenses in our joint savings account as an emergency fund.  That was pretty much depleted when we bought the new condo. 

Yet another reason I need to stick with my August Grocery Challenge and spend as little as possible so I can save more.

1 comment:

  1. It is always very hard when layoffs occur, to everyone involved. When I first started with my current FT employer, within less than 5 months I was told that it was extremely likely I'd be laid off and that I should start looking at other work opportunities. I did that, but the layoff never came. This was 4 years ago, and my job is pretty much secure now, but it was a lot of uncertainties going back then... I knew nothing of finances, and there was little besides my credit at stake.