There is the temporary, one-time financial loss to deal with and then there are persistent losses over time. The one-time loss is the blip on the radar screen and we move on. But persistent losses resulting in layoffs are different and can harm Cubicle Warriors.
Persistent layoffs usually happen because of transformational shifts in the industry — think of Kodak and the onslaught of digital cameras. Or they happen because of bubbles bursting from some excess — think of the current credit crisis as a result of the mortgages.
Humans are very adaptable. They will accept slow change day after day until a year later they are in a completely different situation then they were a year before. Persistent losses and the resulting persistent layoffs will do that to you.
Persistent losses and layoffs hurt the Cubicle Warrior:
How many times have you heard people who stay waiting for the next layoff say the place is dead or dying? In the end, you allow events to control your career instead of you being on top of your career.
And, its EASY to get into the position. Just one day at a time. Another layoff and then another two months later. Your department starts to get very conservative and focuses on survival instead of growth. Easy.
There are reasons to stay and, if laid off, take a package. But most of the time, you are better off leaving before events control your life.
Here’s the case for leaving at the first sign of persistent losses and layoffs:
When there are persistent layoffs in a company, it means management hasn’t figured it out where the bad news ends. If management can’t figure out the bottom and get it right, how are you going to figure it out without putting your job at risk?