I just need to vent. I have just joined the thousands unemployed due to the economic meltdown, laid off due to downsizing. I had been working at a financial services firm (don't want to name right now) as a junior equity research analyst. Well, all that just came to an end today when my "review" was actually a "sorry, you've been downsized speech." I didn't think it'd happen to me as our firm was one of the few that did not pursue risky investments such as collaterialized debt obligations, CMOs, etc. However, I had specialized in the marine shipping sector, and we lost several of our trading clients due to the meltdown, and our sector had been losing 4-5 years worth of gains.
Anyway, now I'm unemployed, with a background in marine transportation and financial modeling/writing, as do the other thousands that are unemployed. Who is really going to be hiring in this economic environment? ...and look at my competition. One thing is positive - I don't have to wake up at 4:30 a.m. anymore, work 10 hours without lunch breaks, etc. However, I just bought a house and our first payment is due January 2009. I never thought this would happen to us and I don't want to lose our house. Furthermore, I have several animals, and I don't want them to feel the consequences of this. I'd like to keep some semblance of normalcy until I secure another position.
What's pathetic is that they fired me two weeks before I was supposed to take my first week of vacation. They got many months out of me without honoring ANY of my 3 weeks vacation. They also don't pay for unused vacation days.
Additionally, they made me travel an hour and half into work at 5:30 a.m., work a few hours, and then give me the speech. I was in the middle of a model when I was told to leave. Then I had an hour and a half home. Sorry, but can't you just have told me this Friday?
I'd just like to say F U (sorry) to all the portfolio managers and bankers out there who thought it'd be a good idea to get wealthy on bad ideas, and then take down the WHOLE LOT of us. Greedy Wall Street p*nks!
I wish I could afford to go back to school for veterinary medicine...missed my calling. :-(
Sorry for this scrambled "woe is me speech"
Anyway, now I'm unemployed, with a background in marine transportation and financial modeling/writing, as do the other thousands that are unemployed. Who is really going to be hiring in this economic environment? ...and look at my competition. One thing is positive - I don't have to wake up at 4:30 a.m. anymore, work 10 hours without lunch breaks, etc. However, I just bought a house and our first payment is due January 2009. I never thought this would happen to us and I don't want to lose our house. Furthermore, I have several animals, and I don't want them to feel the consequences of this. I'd like to keep some semblance of normalcy until I secure another position.
What's pathetic is that they fired me two weeks before I was supposed to take my first week of vacation. They got many months out of me without honoring ANY of my 3 weeks vacation. They also don't pay for unused vacation days.
Additionally, they made me travel an hour and half into work at 5:30 a.m., work a few hours, and then give me the speech. I was in the middle of a model when I was told to leave. Then I had an hour and a half home. Sorry, but can't you just have told me this Friday?
I'd just like to say F U (sorry) to all the portfolio managers and bankers out there who thought it'd be a good idea to get wealthy on bad ideas, and then take down the WHOLE LOT of us. Greedy Wall Street p*nks!
I wish I could afford to go back to school for veterinary medicine...missed my calling. :-(
Sorry for this scrambled "woe is me speech"
