the company i work for has been on a slide in the market

[Rusty Shackleford]

all year.

the last open was almost 3.5% drop in market value.

is there potential for being laid off if this continues to the end of the year?

i just looked at its market history and it tanked with the 2008 crash and until recently, there was a freeze on all raises. even now it looks like nothing has changed in that regard.

it ended last year alright but then it began to drop. last month was its lowest too.

should i be worried at all?

[NoOneIsIllegal]

I would start turning in some applications, just in case the worse happens. Hell, it may be naive, but maybe you can find something better anyway (IIRC, didn't you say you work part-time at a pretty bad wage?)

But yeah, you may want to start looking around, because who knows when it could happen. Could be next week, could be a year from now.

[Rusty Shackleford]

yeah im starting to do that now.

if i get laid off, i can apply for unemployment for the time being in between jobs right?

[o well this is ok I guess]

Here in Canada supposedly if your employer gives you an early enough notice you don't get to apply for EI.
But I just heard this from a friend.

Take up dumpster diving?

[Rusty Shackleford]

dumpster diving wont pay bills :lol:

[praxis1966]

if i get laid off, i can apply for unemployment for the time being in between jobs right?

Yes, you can. I worked at an Albertson's that was shut down and in addition to a severance check equal to two weeks' pay and a buyback of my unused vacation time, they actually brought in counselors from the local non-profit employment office to help us fill out our paperwork in advance if we so chose. In addition, one of the only decent things the White House has done for working people has been to extend the legal limit on unemployment benefits to 12 months in light of the current crisis. Of course, it's a fraction (60% IIRC) of what your weekly gross income was over the last six months of employment, but it's something... So basically, you'd be in a better situation if you got laid off today than when that happened to me several years ago...

Further, I believe in most places you can apply for and renew (which you'll have to do either every week or every two weeks, I forget now) your unemployment benefits online and get them direct deposited if you have a bank account.

[alphshuffel]

I think that it is obvious that some time ups and downs come to any organization but it do not means that the organization will fell down. But this is because of the market behavior and it change continuously. This may happen in the future that your company may get better position in the market.

[Rusty Shackleford]

just talked to one of my manages about it.

unsurprisingly, he watches the company's stocks too. he said that employment was actually worse when the market value was higher.


then engaged in banter about how the stock market does great on days where companies announce layoffs. :lol:

[ellipsis]

i worked for three months in CA before being "laid off" and i got a little unemployment. so yah you should be fine.