For those who were Rif’d in the past how long did it take you to find other employment? Were you able to remain within the industry or did you need to step outside to be gainfully employed? More importantly, did you find a position where you were able to use the skill set that you developed within TR or was it considered obsolete?
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One month but I left 3 months before I would have been laid off. Been working in this industry for almost 40 years. I smell when the sh-t is ready to hit the fan.
I was RIF'd in 2018. It took me one month to find a job with more pay, nicer people, and a culture that supports new ideas and running with them.
Within 2 years, I am now making 50% more than at TR. And, I'm in my late 50s.
I did invest in a very good executive coach. I paid for this myself. (I didn't really use the check-the-box team that TR offered).
This question is different for each person, depending on the role you had in TR. For those in development, the job market has been great for software engineers and architects. Plenty of jobs out there...hired within months or as long as the HR interview process takes. For those in product roles, also hired quickly...skills have translated to other roles just fine. Take the time to find a role that you want.
I was employed within a couple of months in similar industry. The skills I gained at TR were not obsolete. I did take a pay cut but am happy where I am. Much lower stress level and better management team!
I was RIFd in 2018 , it was not difficult to find employment elsewhere and salaries were competitive. Since I had some time I chose to use the time and learn something new and get certified. Skills I gained at TR were not obsolete
This is a bit of an open question. Everybody's circumstances will be different.
In my situation, I decided to go contracting as I was 55 and whilst I got a lot of interviews, and my skill set was in demand, they ageism bit definitely kicked in. However, this wasn't evident when I went for contract roles. If this is something you are considering, it helps to decide whether you are going to go contracting or seek another perm role. Trying to keep both options on the table when talking to agencies, was a problem.
This time of the year. leading up to xmas and end of year budgets is historically slow, but that might have changed because of Covid and number of increased vacancies out there.
Use this time to build relationships with some key agencies, update LinkedIN profiles, reach out to your network etc.
On a positive note. I don't know anyone that left when I did, end up in a worse position.