Has anyone started a new job and then faced redundancy?

[Ohcrappydoo]

I started my new job a month ago and yesterday I found out there's a threat of redundancy.

Apparently the UK is heading towards recession and the manufacturing industry is going to get hit the hardest. I work in manufacturing in product design.

Investors are pulling out left, right and centre. So the company has already lost a few million £

Any experiences welcome 😊

I think many industries are struggling in addition to manufacturing. All non customer facing roles in the company I’m in are leaving and now it’s hitting customer facing roles. I was told my manager was leaving last thursday and I had to assume their responsibilities with no pay rise. Sorry you are in that position after changing job’s so recently. I am not in manufacturing- same principles apply ie investors not investing and our customers are reevaluating their portfolio.

I had a similar experience. Don't waste any time finding a new job is my advice.
I recall jokingly asking in my interview if there were any possibility of take over/buy outs for the company. Assured not. Liars.

@Imfullofcrazyideas same principles apply ie investors not investing and our customers are reevaluating their portfolio it is so worrying. Our industry is in the Financial Times today because it's looking very bad.

I'm so nervous. The job market is ody quiet. It's a bit eerie.

My husband experienced that too. It was horrible.

Last week I had a dream that he was made redundant and now it looks like it'll be me. My worst Mystic Meg moment ever...