I'm talking about my job here. With the current market conditions, this is on top of the minds of everyone. Last time when we had the slowdown in 2000 (?), it affected primarily the IT sector. But this time the wave has covered the entire economy and all the sectors. Lay-offs have started in huge numbers everywhere and we at my current organisation were sitting with bated breath if our company shall follow suit soon.
And yes it did even if in small numbers so far. 12 people have been asked to resign and that includes 2 Project Managers. Some more developers have been asked to move to their support center. This means change from the role of developer to the role of Customer Service Executive. Some agree and accept the demotion while some don't and are leaving.
After a group interaction with the senior management, the main criteria for these exits was not performance. The criteria was being on bench i.e. no work since a long time and cost to the company.
But now my worry starts because if my guess is right, they will focus on newcomers in the next batch of exits. And I will definitely come in that batch coz its not been even one year since I joined this organisation. I was quite nervous initially. But over the past few days I've kind of prepared for this mentally. There is so much I can do to save my job since the criteria has not been performance so far. And if the company doesn't get any new projects, I'm definitely doomed!!
I've no clue what I will do if god forbid this happens. But I definitely know that I'm not having any sleepless nights thinking and worrying over the issue anymore.
So its a wait and watch game for me and any day you might hear from me that I'm a free bird! :D