Like many others here a lot of us have been financially preparing ourselves in case we are the ones impacted in the next round of layoffs. (Let’s face it. It’ll happen sooner or later). Within the last year I was able to cut down my household expenses, I’ve grown my network considerably and my resume is always up to date. With that being said I’ve reached my goals and am able to leave when I choose too. The question I have is SHOULD I stick it out just to be able to pad my savings? As it stands I just want out but the paychecks wouldn’t hurt. Should I just wait it out until my number is punched? I am also in the midst of looking at other companies.
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I had all the same thoughts as everybody above. But, I waited it out - I knew the job elimination was coming - just wasn't sure when. I knew when I got my notice I would have 6 mo of severance and unemployment and it has been a blessing - I really needed the break from Anthem. It really is a terrible place to work with no employee loyalty and so toxic. However, I did sign up for HR to help me find other positions in the company I am qualified for - I really have been with Anthem too long to not consider another dept within - BUT - I am also going in knowing I could get cut again in the new department should another position open for me. I am looking outside too, but I am not seeing the money I made at Anthem. So, it's a toss up at this point.
After a long career at Anthem I applied for and accepted a position at another company. Best decision I could have made. Anthem is toxic.
Here's what I did. I still work at Anthem, but my days are numbered as with everyone else. I did exactly what you posted. I got my skills up to date, fixed up my resume, and significantly increased my networking. As a result, I ended up getting consulting offers. I currently take on various short-term gigs that I know I can do after-hours or even during lunch or early mornings. It's very clear to me now that these gigs can easily turn into full-time positions if I want them to, as I have been asked by multiple clients about coming on board. The best part of my side-gigs are that they force me to sharpen my skills, and expand my potential career network. Meanwhile, back at Anthem, I'm just waiting for the call from HR to get on a call to tell me to get out the door. There is comfort in staying with Anthem. The pay is good, and the work is predictable. At least I have an exit strategy that I can put in play when the time comes.
Reality is our age. It is far harder to secure a new position despite skills etc with a more advanced age. If you are eligible now for Medicare - give your notice and enjoy life! But medical expenses for most play a big part. While looking for your next position....keep working and saving! Best of luck.
I was let go - and have other companies reaching out to me for interviews. It's a GREAT TIME FOR THE NEXT CAREER CHAPTER (after so many dog years)....Keep your res and LI up to date!
Lot of folks would say wait it out, however I believe you are better positioned to find another job while employed. Your mind set will be better and less desparate. If you get multiple opportunities then you can play the field. Ask for a signing bonus elsewhere and find a fairly good size company. There is plenty of jobs now that are full remote. Better jump ship now before economy gets worse and really puts Anthem in worse shape.
Why not just wait it out? Unless it gets so bad and or something great comes along, why not gain the extra income? Sounds like you got it figured out!
Job #1 is looking for job #2. When our staff vp was let go for no reason and replaced, most of our team started looking. A few of us were in the next round of cuts. Sad that many good good people are let go and many more leaving on their own because of what they’re seeing. That is 100% poor leadership.