How many of us who were laid off would have agreed to rolling furloughs, temporary reduction in salary, or reduced hours to be able to keep our jobs? I personally would have agreed to all of these if it meant STILL having a steady income as opposed to severance/unemployment which can only get any of us so far.
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If your new to the investment business this is a good lesson. Your performance is only one factor. If you stay in this business, and I sincerely hope you start taking guitar lessons instead, expect the following. If the market is good and the business is profitable your valued, if not you are vulnerable. Always have a side gig.
Under the current situation, I would have agreed.
I know times are not easy but my team had plenty of work and we performed well as a team. I was not expecting to be laid-off. For sure some would find not difficult to find a job and for others maybe not that easy.