As many who follow my blog know, my employer declared me surplus last December. I can't really criticize my immediate supervisory chain for what they were forced to do. They simply implemented policy that was handed down to them from upper-most management. Based on the company's solid financial results, however, I wonder if the force reduction was really necessary. From conversations I have had with those who were not let go, it certainly sounds as if working there has become much more stressful since 25% of the workforce left.
While my lack of employment has been a disappointment, it has not affected me as much as I had feared. Living a prudent lifestyle in a modest and affordable home has definitely been an advantage. Stress and uncertainty were also diminished by the fact that I have maintained fairly solid savings separate from my retirement account. The timing was pretty good, too, since I actually had the second best year of my professional life last year, at least as far as income goes. (Isn't it ironic that one would be let go after one of his best years ever?) During my forced vacation, we also received a fairly healthy income tax refund, also quite helpful. Finally, I did not find it difficult at all to swallow my pride and collect unemployment compensation.
Still, there is no doubt that unemployment sucks. And frankly, it is a little embarrassing. So, after taking a few months to decompress from the bad news of December, I began aggressively looking for work in late February. Those efforts paid off in the past week. I received an offer on Friday, and another Monday afternoon. I accepted the latter of the two.
Here is the interesting thing. This is a complete change of career, selling a product that I have never sold before, in an industry that I am completely new to. But you know what? I'm excited. I'm invigorated. I'm energized. I'm 51 years old, and I'm a rookie. I'm a newbie. A neophyte.
But I'm also self-employed, a 1099 contract employee for a company that I feel very good about. It's a new career, free from the BS of the big corporation, and I'm ready! Professional Career 2.0 starts Monday.


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Comments
Big bro hug to you.
Good luck on the new job. I hope you like it. :-)
It's easy to get 'stuck' in a frozen state during the adjustment reaction to losing a job or contract that you love. Looks like you worked through that paralyzing stage very well. Bravo!
--rated--for tenacity
Good luck with your nwebie position. It's always exciting starting something new.
(I know you'll flourish.)
Congrats Steve, glad to hear the good news. But no need to be embarrassed about collecting unemployment. Remember, you spent a crapload of years paying into that fund.
Career 2.0 - now with less stress!
Thumbed.
check out my blog : different story same concept! http://opensalon.com/blog/tammie/2009/05/02/womens_mid-life_career_crisis
Rated & Cheers!
I was in the same boat last year. Similar to yourself, I made some prudent financial decisions prior to my separation that enabled me to view the entire episode as a chance to embark on a new adventure.
Enjoy the ride!
"Living a prudent lifestyle in a modest and affordable home has definitely been an advantage. Stress and uncertainty were also diminished by the fact that I have maintained fairly solid savings separate from my retirement account. "
I keep hoping that this will all teach us something. So far, I've just panicking, so you're way ahead of me. But it paid off, right? What do you do?
But, rather than to continue to dash cold water on you--rejoice! Take your wife on a date to celebrate. Enter this new venture with the optimism and enthusiasm you're showing and you'll do beautifully.
As everyone else has said, congratulations on the new career. Retirement is nice, but work is rewarding and great. Please keep up your blog; dontblet work get I. The way too much! All the best, Ralph
New challenges can be invigorating after 50. You go, guy!
Congratulations! I have been gone for so long that I missed the news about your prior job.
I am sure you will be fine in your new one! Also, you will find out that there are LOTS of deductions to take against that 1099. Owning your own business is really the best way to go -- that is the ONLY way you can look at a 1099 situation, BTW. You are in the driver's seat. I have a feeling you will thrive -- good luck!!
Kisses.