I am very fortunate and feel my job is stable for this year. I do worry about the coming years and what this will mean. We are not laying off, but there is a hiring freeze in place. I also rode this out before (when the banks were bailed out) and it was a scary time as we were doing lay offs. There were no bonuses or raises for a few years, but I was happy to survive. I expect my overall comp to dip in the coming years again.
I’m a director of online education at a university.
If my college folds (not very likely but we don’t have a Harvard sized endowment so not completely impossible), I’ll be done, but I’ll be one of the last out the door.
“With sorrow—for this Court, but more, for the many millions of American women who have today lost a fundamental constitutional protection—we dissent,”
I work for a not-for-profit in the electronics industry that provides training and standards to semiconductor manufacturers who are deemed essential so as part of their supply chain so are we.
My husband is a mechanic and a truck driver for a company that has accounts for delivering product to all of the local hospitals.
Post by lilypad1126 on Apr 21, 2020 8:20:46 GMT -5
I work in higher ed. If we fold, or if the university closes my specific college, I'll be the last of those out the door given my role. They just announced a webinar for later this week where they are going to talk about the budget and how they hope to avoid furloughs.
Post by illgetthere on Apr 21, 2020 8:25:00 GMT -5
Mine is stable in the short term because I can easily telecommute. It's midterm stable due to being contract based with awarded/funded contracts for years out; it would have to be a bigger issue than what we have now for the contracts to be termed. Now, less new awards coming in could affect the amount of manpower required and cause some job loss; we do have quite a bit in the pipeline though, and I have the more difficult contracts that wouldn't easily be moved to someone else.
I'm in journalism, which is being hit really hard across the board by the drop in advertising, but we are an online-only trade news website that focuses on an essential industry (telecom/cellular). We were already 100% remote, so our day to day operations haven't changed. Advertising is starting to slow down because of the uncertainty, but the lack of trade shows/travel means we are spending a lot less than usual, too. Our industry is likely to come through this and get off pretty lightly, because people need connectivity more than ever. I'm one of the two most senior people, they are not going to let me go unless we shut down entirely. Which is not out of the realm of possibility, it happened to the company in 2009 under a different owner because of the recession, and our current owner bought it and revived it. Nothing is certain, but I feel pretty good about things for right now.
I'm in foodservice distribution. My job is pretty secure because healthcare, prisons and schools(student take-out lunches) are all still needing food options. Plus, we have had to increase take-out friendly options that we didn't stock before. It's a lot of moving pieces, so they can't really eliminate my job at this point in time.
I'm a commercial loan officer in a niche market. Right now, I'm 100% focused on client preservation and PPP applications. My market actually does really well in a down economy, so my guess/hope is that once we're past the panic and unknown, I will continue to be slammed. Unfortunately, I don't have any insight into the fate of my institution as a whole, so hopefully that survives. My comp is largely bonus based though, and I'm concerned about that as well.
DH does is a data engineer in the legal group at one of the FAANG companies and hasn't appeared to slow down.
Not-for-profit CPA for an organization primarily funded by the CDC and HRSA. We'll be ok, but I'm guessing bonuses and raises won't happen this year. One of our revenue streams is conferences and obviously those are out.
ETA: We've actually hired 5 new staff this month alone.
Chemical industry. My specific plant is considered essential. We haven't had furloughs or layoffs yet, but I'll expect next year's bonus to be 0. We're very lucky.
Post by lightbulbsun on Apr 21, 2020 9:51:42 GMT -5
I am a lighting designer for a large A&E firm. A lot of our work is designing hospitals and science & technology buildings, so if anything work has ramped up recently.
Post by lolalolalola on Apr 21, 2020 10:00:33 GMT -5
I work for an oil company. We are not stable as an industry but I feel like my role is stable. I am the insurance manager for my company, and do other strategic risk management activities like board reporting, etc.
I’m now a department of one (when j joined the company 6 years ago my department was 5 people and I’m the only one left). So I think they need me.
My company laid off virtually all of our contract work force and employees have all taken pay cuts.
I'm in property and casualty insurance also, in claims. We appear to be ok for now. I'm sure there will be impacts, but they will need claims people as long as they are in business, and I am in a less expendable department than others. I can do my entire job from home as well so that is helpful.
Post by seeyalater52 on Apr 21, 2020 10:35:40 GMT -5
I work for a national nonprofit that is primarily funded by Foundation grants. My organization overall is stable and was recently awarded several very large new Grants, and my project in particular is expecting a renewal in the next couple of weeks. So far our funder has not been impacted by the financial downturn or the COVID crisis and since we work in health policy it is likely that we will continue to see funding come our way.
Post by farfalla2011 on Apr 21, 2020 10:58:14 GMT -5
DH is a technician in the Semiconductor industry, so safe, especially due to the company he works for. My job as an staff accountant would be safe if I weren't in the travel industry, but thankfully, will be one of the last positions that would be impacted if we were to have layoffs. Pay cuts of course would be a different story since that would be across the board. The positive about all this, there's a lot less focus on integrating us with our parent company, so my job in that regard is safer than it was.
I work in marketing and the industry as a whole is having layoffs. I'm still working and feel secure through summer because of my particular client (which semi-open) and because my company moved fast to protect jobs with bearable paycuts and cost cutting measures. There is no travel and that alone saved money.
However if we go from a monthly crisis to a much more prolonged one when I think nothing is off the table. We could survive without my job but if DH got laid off that would be an issue. So far he's seems essential.
my husband and I work for a global job search site.
A few factors go into our current stability. The company has been super profitable over the past few years, so we have a decent amount of cash on hand. We also have a lot of $$ wiggle room (suspend bonuses, on site catering, contractors, new hiring, other luxury benefits).
We've seen revenue decrease pretty rapidly, but there are still sectors hiring. Our company leadership also feels very strongly that we have a mission to help individual get jobs, and that's extra important now, so there is a push towards how to innovate on that in this time.
My H works at a water treatment plant. As long as people keep flushing their toilets, I don't think he is in any danger.
I manage a scientific journal. My job was always remote. There is more of a need to disseminate scientific findings than ever. My only concern is that I am a contractor, and if I can't maintain strong/timely output because I am also teaching/supervising my kids, that could affect my contract being renewed at the end of the year. To a lesser degree, there is a concern that with so many labs shut down, there will be a big drop off in submisssions once everyone finishes writing up the work they had done prior to the closures. I don't think that the entire journal would fold, though, so I don't think it would necessarily affect my job stability. It will just make it harder to fill the pages for a while.
I work in revenue operations for a software company that supports the property management industry. We are working 100% remote but are still hiring right now. The past two months revenue has been up year over year (though below our forecasted plan numbers).
Janitorial and Sanitation industry. We manufacture hand sanitizer and other disinfectants. We are very busy but it is getting tough to get enough raw materials to meet demands.
I am an executive at a credit union. We voluntarily closed out doors, we could open them if we wanted to. If things got bad for us financially, we likely would open back up. But for right now, we have chosen to close our lobbies. It is killing our revenue, obviously.
DH is an engineer for our local utility company. His work hasn't even seen a blip on the radar, he is just working from home instead of in an office. In fact, he even worked some overtime this weekend to get ahead on a project he is working on.
In 2008 we were working in banking and the automotive industries, respectively. We both just narrowly missed layoffs. It feels better this time around now to have that fear hanging on our necks.
I am an equity partner in a small law firm in a niche practice area. Outside of the firm completely shutting down, my job is safe. My compensation, however, is not. I had an excellent year in 2019, but am expecting a huge drop in income this year due to how my comp. is structured (based on firm income and profits, which, LOL right now).