Like just about everywhere else, our company has done several rounds of layoffs. We’ve gone from 42 people at our peak (in our little division) to 20.
I’m closing on a condo in about a month. If I lose this job - well, that will be trouble. So today I told my boss.
“Look - if you start hearing from above that more need to go and that I’m on the list - for pete’s sake, find a reason and fire me BEFORE I close on the condo. Then I can simply back out and lose only the earnest money.”
He laughed. I did too. But I meant it. Damn, I hate these rolling layoffs.
I too am thinking of buying a place; that’s why I went and had a very frank conversation with my boss in which I told her one thing and asked her two questions. I told her I was thinking of buying a house. I asked her: (1) Is my performance meeting your expectations, such that all things being equal I can count on continued employment for performance-based reasons? (I have only worked for this company since last August.) (2) Is the company doing well enough, such that I can count on continued employment for economic/company health reasons? I felt pretty sure of both answers (mine is, fortunately, a fairly recession-proof industry and I’m pretty good at guaging my own performance), but if the answer to either question had been “Well, no,” I would have postponed my plans.
All of which is a long-winded way of saying that buying a condo when my company was experiencing rolling layoffs would be far too much of a gamble for me.
I’m buying this condo from one of my bosses. My business manager.
I’m getting a really, really good deal. Like $55k less than what he paid back in 2004.
Said business manager has told me and my direct boss - "look, you’re both highly valuable because you’re so close to the commercial end of things. You do R&D, but you also do technical support, sales, and production support. I think your jobs are safer than mine.
That said - yeah, I’m pushing all in on a marginal hand. Worst case - I buy the place and then immediately get laid off - well, I hope my parents can keep me afloat.