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Was lunching today with a friend of mine who works at Citi and he told me that his immediate colleague who joined his team barely a few months earlier had just been shown the exit. Just last week , the global bank announced further losses and write-downs due to the US sub-prime debacle, together with a mandate to lay off 20,000 over staff world-wide.
Well, I guess Citi wouldn't be the last financial institution to make such announcements. Where I work, layoffs had been announced previously but it had never hit this close. I've however seen a fair share of people being given the golden handshake in other departments, and senior management level executives being given immediate notices to leave. This is the reality in the corporate world: it doesn't matter how high or low you are in the food chain, if it makes enough sense and situation comes for it to ask you to leave, the company will.
Is there job security nowadays? From my above experiences, I can say a regrettable NO. The only way to be secure is to hire yourself ie. be self-employed or build up multiple sources of income such that you are not just dependent on your monthly paycheck. Who knows if you could be the the next one to be axed. How can a job be secure when you are not the one in control?
I quote this paragraph from "Why We Want You to be Rich: Two Men - One Message
", in Donald Trump's words:"Life and business can be combative. It can be a battle. But make sure you choose to fight the GOOD fight - and get away from futile battles and battlegrounds as quickly as possible. Do not live or use your energy in vain."
Are you in expending your energy and resources in vain? Are you fighting the right battles and on the right battlegrounds? CHOICE is a freedom we can all exercise!
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2 Comments:
Hmm.. intriguing topic that really sets me thinking much more.. :)
Keeping a job is never easy as you can never guarantee that the pastures will be green all year round, so every1 has to at least have a contingency plan for future survival..
Its always a constant fight in this competitive world, ever so vulnerable to the constant unforeseen circumstances... so kudos to those whom actually bravely take the step forward to make a difference in their lives to secure whatever they have for the survival in this corporate society..
That's right! Even if you leave your job voluntarily for a new job ie. resign, you'll never really know what you are getting yourself in your new job! Its just a game of musical chairs and merry go round year after year when the season of job-hopping comes. People leave an unsatisfactory role for another one which another disillusioned person has just vacated! When does this cycle ever end?
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