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How likely are you to lose your job due to the impending economic calamity?

94 replies

CloudsCanLookLikeSheep · 08/05/2020 16:44

The economy is screwed and so are we. I'm currently furloughed but due to return in a couple of weeks (they are rotating team members). My job involves a lot of travel so whilst it is possible to do it from home, it's not really the same level of quality and they could probably have more work done with less people once the travel element is removed (it wouldn't be classed as essential business travel). Can't see me doing any work related travel this year at least.

The company I work for is not first in line to go bust (like retail, travel etc) but does offer services to some of those industries so if major clients go bust then it will certainly affect income.

I'd say I'm 50:50 that I'll be made redundant, usually i'd just pick up contract work in that scenario but I can see there being lots of people in the same boat and very few contracts.

Trying to save as much money as possible now to add to meagre savings. Husband doesn't work but rents out a property which would tide us over, so long as our tenants continued to be able to pay rent.

OP posts:
maddiemookins16mum · 08/05/2020 17:44

Unlikely (thank God) but 50% of my closest friend work in travel and screwed basically.

Devlesko · 08/05/2020 17:44

I've lost mine, can't live on nothing and after furlough stops I'm job hunting.
Trying to find online activities for my business, but not holding my breath

rubyslippers · 08/05/2020 17:45

Already been made redundant
Work in the charity sector which has been so badly hit
Job market for that sector totally flat Sad

Bigfishylittlefishy · 08/05/2020 17:45

Not likely, I work in FE in safeguarding. Busier than ever.

GrolliffetheDragon · 08/05/2020 17:50

Charity worker and we're ok atm, as in funding is ok and we've actually saved a fair bit of money by people working from home and not having face-to-face meetings, no photocopying or postage costs. Longer term, who knows? There's a limit to what we can do without seeing people face-to-face.

DH is at high risk of losing his job, which is a worry.

MedSchoolRat · 08/05/2020 17:57

Job security is medium-low so not terrible.

I am another very experienced University scientist (working on covid, actually); not currently being paid. Probably 60% chance that I will actually have a contract for some amount of hours, at some point in remainder of 2020.

covidpanics · 08/05/2020 18:02

No, I’m a civil servant so my job is more secure than ever.

Helpmyhair2019 · 08/05/2020 18:03

I’ve lost mine :-(

Karmatime · 08/05/2020 18:03

I can wfh and am secure in a busy job. Dp has already lost his job with slim prospects in his field for a long time. We can manage, just, but we won’t be able to afford any ‘extras’ like nights out and holidays etc - not an issue now but will get harder when those choices are available.

Laniakea · 08/05/2020 18:04

dh (IT in construction & manufacturing) escaped redundancy for now - 19 of his 23 person team were not as lucky.

He is currently the only one working of 13 adults in our wider family (mostly arts & hospitality). Everyone else is furloughed/on UC, 10 of the 13 were higher rate tax payers ... not that that makes them immune or god forbid more important, just that they were net contributors and now they aren't contributing anything. That's really bad for the country.

I feel like I'm watching a car wreck in slow motion.

mummypie17 · 08/05/2020 18:08

I'm ok as I work in education. My husband is losing his job at the end of this year as the company has decided to cut people and relocate

Elephantonascooter · 08/05/2020 18:08

Not sure at the moment. I'm furloughed from an insurance related job and with no cars on the road, work has dropped off. I'm 60:40 that I'll be OK but not confident.
I'm not too worried though, I'd be a sahm for a bit, probably need to claim uc as dh's wage is low but we claim that for childcare anyway. I'd do that until can get a job, anywhere to be honest. I'd probably look at care work or something to begin with.
I've had a fear of being made redundant for years and now it's a possibility I'm not really bothered, which is ironic.

Godotsarrived · 08/05/2020 18:11

I will be ok but as a senior manager I am facing making 50% of my work force redundant which is beyond heartbreaking

Nb89 · 08/05/2020 18:13

I'm in Aviation. My job went weeks ago. No furlough for me!
Not much out there either.

Noworrieshere · 08/05/2020 18:13

Not me but at least 2 of my 7 colleagues are at high risk. We're a charity, they work outdoors with groups of school kids so nothing happening till August at least, but realistically nothing this whole year. Season starts again in April. With no furlough scheme we can't afford to pay them if they can't generate any cash. Other areas are working reasonably normally but these guys can't do anything at all and it's totally shit. I'm dreading us having to make a decision when the time comes. But that time is coming and we all know it. Best case they get made redundant then re-employed in March but I don't know if that's allowed, if we would have to openly recruit or just re-employ them. Assuming kids are allowed to be near each other in April 2021, I'm not taking anything for granted.

bananapuddles · 08/05/2020 18:16

Not in any industry even close to the list you would think of but had an at risk letter yesterday.

nixso29 · 08/05/2020 18:20

Hoping that my job will be ok. We are currently hiring (although not for the same department as I am) so I'm taking that as a positive

BlackLambAndGreyFalcon · 08/05/2020 18:24

Professional services in a university. At the moment busier than ever working on mitigating as best we can the effects of the pandemic on our students. But longer term a JacobReesMogadishu has said the sector is in trouble, particularly as we didn't receive the requested government bailout.

MissScuito · 08/05/2020 18:29

@ssd I know of many companies that have targets for their ratio of men to women employed which means that they use 'positive discrimination' to try and get as many women employed with them as possible so would rather lay off men than women if they can. I assume that's what @Anotherchangeanothername is referencing to but there could be other reasons too.

WanderingMilly · 08/05/2020 18:32

I work in a school but not teaching. School is very small, a private one, I wonder if they will survive. We are currently furloughed but I know they had trouble paying us, they are relying on the government money which makes me think they have very little reserves. I am fairly new to the job and also part time, and in my 60's, I suspect my post won't remain really. Personally I would happily do fewer hours anyway, might try putting it to them once we know what schools are actually going to do....

Missillusioned · 08/05/2020 18:42

I work in a sector that is close to the travel industry. Haven't been made redundant yet, but I recognize the situation is bleak.

CeibaTree · 08/05/2020 18:43

I work in the heritage sector and am currently furloughed. I think my team should all be ok, but it depends when my employer will be allowed to reopen and start generating money. It's an u settling time. DH is a civil servant working in a fairly niche role so should be ok. We are lucky that we could just about scrape by on his wages if we had too.

halexanderamilton · 08/05/2020 18:45

I'm stuffed. Covering a maternity leave until December with the agreement that they would basically find me an alternative role when the person I'm covering returns to work. That's out of the window now as I work for a manufacturer who sell mainly to pubs and restaurants and they are going to be very hard hit - estimated at a loss of 25% of the sector.

TazSyd · 08/05/2020 18:46

@rubyslippers

DP is finding the job market flat too. Companies can’t commit as there is so much uncertainty- it would help if we had some clearer guidance from the government like an exit plan. Also, it’s hard to interview at the moment, with so many people working from home, you can do the first rounds by zoom/phone but realistically most places will want to meet you before offering a role.

We’re hoping the jobs market will pick up once there is some clearer guidance and an exit plan in place.

wrongsideofhistorymyarse · 08/05/2020 18:51

I'm a charity fundraiser and on furlough.

I'm trying not to think too much about it.