I talk about getting laid off again! I celebrate paying off my car finally. #layoffs #career #golfgti #carpayments #lifestyle #vlog #poverty #recession #economy #jobmarket My Epic Meme Page - / antitrustfundkid
Update: This video captures a moment in time where I felt very frustrated and disappointed about the events that occurred in my employment at the time. I have now put this behind me and I have no resentment or grudges with any employer or company. However, I do think capturing this moment and sharing is important for anyone else who is going through similar situations. Here is a follow up video I made - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-tHR-JcRPJb8.html
You absolutely should invest your time into becoming a full stack developer. There are amazing websites full of courses that you can use to study for 6 months, build out a robust portfolio, and raise your employment potential exponentially. Good luck, keep grinding.
The company I worked for got bought out. Right away they brought in there own management team. They wanted me gone. I was highly skilled labor. One morning they asked me to a meeting and offered me 1 year of severance pay with health insurance if I signed a contract to not solicit any customers or current employees. All I said was FY and I'm going to put you out of business. I left. The following Monday I was on the plane. Over the course of 6 weeks i took 5 key members from the company and moved them all to a different state and a new company. It paralyzed my previous employer. In less than 6 months they were no longer in business. Revenge is sweet. I love the fools that make decisions that don't have a clue how to do the work themselves. Be careful with your skilled labor. Treat them like gold. Only you think they can be replaced. There the ones that actually make the company money. Management are a dime a dozen.
After my second layoff I gave up on engineering. Tossed my degree in the trash and now work as a. Electrician. I make MORE work way way way way way less and have job security. Ill never have to train another H1B replacement or work nights weekends and holidays without pay.
@@tas4092 the computer chips making kind ;) all the companies fell off a cliff after I left. Arrogant UK'rs, Starv'n Marvin, and Ho Chi Minh cannot replace the nerdy trad engineer
@@cubiczirconiabeard5366 I trained my last one WRONG , and deleted all the custom software I wrote that was doing most of my job. I got a call a few weeks after the layoff.. actually I was in Hawaii and they sent a detective (his name was Thomas Magnum , no joke he's from Cincinnati and they sent him to Hawaii to find me lol) He found me on a beach and gave me his phone. It was my old boss.. seems they were having all kinds of issues. Yeah, I used to sleep under my desk a few nights a week and I know what I'm doing. The H1b replacement only knew how to write a good resume. And say the right things at the interview I guess. (And work cheaper) He was clueless, I told my boss before they let me go he was"absolutely fabulous, I'm sure he can handle ball the systems it took me years to figure out. " My boss understood the sarcasm.
The best advice I've ever received from a PR manager - "Never work the job, work the people. Being a hard worker will never get you ahead. But working peoples emotions will win them over. Work smart."
@@LWRC Funny you would say. The man hasn't done anything in your life and you're using him as a shining example. He's manipulating public sentiment to posture himself as an inventory and innovator. Yet the electric car was invented over 100 years ago. He's working your thought and emotions.
@@benj1236 And you are the genius making such a idiotic comment! Doesn't afffect me one bit! Just telling you the realities of how successful businesses operate. It appears you don't have a clue yet!
Always have a plan a, b, c, d, and etc. I was laid off 2023 and two days later I was working in another company as an CDL driver. Then a year later, I was able to find employment as an warehouse manager.
When we get older, our car doesn't even factor into our NW or balance sheet hopefully. I remember when what I drove mattered but glad it hasn't for years now.
I'm an engineer, and I have been paid with 1099s many times. It's called "consulting/contracting." It doesn't require you to form a business, and there is nothing shady about it. It saves the company the overhead of paying you benefits, but it also pays quite a bit more per hour to make up for it. All you have to do is pay your own taxes. I don't know why you think they were trying to pull one over on you.
The contract worker costs companies substantially less than a W2 worker. Benefits are a form of compensation so the idea is that a contract worker gets that in cash on the front-end instead of medical, 401K, on the back-end. So basically they fired you and then rehired you for substantially less, correctly judging that with the current job market that you'll take a pay cut. I personally would take the pay cut while searching for a new job on the sly. You're just not going to win or convince them to convert you to W2 as you've already been a W2 at this company, but bills are bills and any salary is better than no salary whatsoever. The great thing about contract work, though, is that you can quit immediately upon finding your new job...no need for two weeks notice or such silliness.
Thaaaank youuuu! I did precisely this… and now a major investment firm wants to buy out my contract through the consultant firm I’m associated with. Not only will certain companies attempt to 1099 you but they will place more work on you that falls outside of your job description usually that is the bosses work. I took on that work and applied for an even higher position elsewhere not only was the talent scout pleased to buy out my contract he also wanted to give me an administrative position in IT which opens up a whole new world of opportunities for me in the IT sector. Now that the company I originally worked for know I’m contemplating leaving they are considering buying me out my contract for an even higher salary. Consultancy is the way to go.
@@user-xw4hn7lb3x all g I made $120k at 25 and 30s avg salary is 150k+ bc already have experience with big tech. Data Science is foundation for business analytics & ai/ml. I reached ok success despite growing up w/o father to suicide & had to figure out my career in pandemic during covid. But congrats u make $80k as a plumber. You've made huge impact to people's lives. 👏
Nice video. I am curious why you not take the offer? You would still get paid, just no benefits. If the work is easy enough, maybe even get another full time job and work this one on the side
It’s an awesome car dude. Congrats on getting it paid off! That’s a big deal and a lot of people never do it! Focus on the positives and build from there bro!
Entitlement to company equipment goes out the window once let go...but if you do 1099, you might be able to hold on to your laptop while you look for another job 😉
You have a lot of maturing to do, and you'll understand more as you grow in your career and gain more experience. I know you didn't ask for anyone's input or opinion, but here's my two cents on your situation. You were let go because the company you worked for couldn't afford you. They offered you a contract position because while they can't afford you right now that doesn't mean they don't want you, it just means there's not enough work to keep you around. This contract position would benefit them and you, since you would get paid whenever work would be available. They were not trying to "scam" you as you put it. You asking to keep the laptop was a bit weird honestly, and it kind of sounded like you were expecting to keep it because of all your hard work. You don't normally get to keep company/work laptops after you get laid off or quit. They are normally given back to the company due to data/privacy reasons, and to give to another employee instead of having to continuously buy laptops. So when you asked if you can keep yours the owner was trying to be nice and im surprised he actually said yes, as long as you return it. This was smart on his end because that means he's giving you an opening to start a conversation when you return the laptop about your interest in the contract position again. I highly highly recommend you tell him you're interested! You mention that as you stayed in your position you had to always learn new things. Well, this is normal. Trust me. In fact this is a good thing. You having to maybe step out of your comfort zone and learning sql and other programming languages as well as contributing to projects that may be out of your scope are all good things. Why? Because you can put it on your resume and use it to hop to be a better job!! At your age you should be soaking in information and raising your hand to volunteer and learn as much as you can. Then you take all your knowledge and FLY AWAY! This is not the point in your career where you want to be complacent, save that for your 40s and 50s haha. Learn, grow and try to develop your leadership skills along with people skills if you can. This will all help you in advancing your career and finding your dream job! I wish you the best of luck,
I was about to say EXACTLY this. I have worked many 1099s, and it's fine, especially if you don't need any benefits. It's straightforward and there is no scam involved.
I'm in the same boat, laid off Q1 of 2024 and it's been a month or so since I've been looking. I was at my previous employer for 2.5 years so it was a relatively long time in IT / CS. Right now the job market is brutal. It sounds like this employer was a red flag from the start if you were the only programmer there. The laptop deal, most companies want their equipment back - they really care more about the data than the equipment... I don't really know what else to say about this one. All I can say that it's rough out there right now and I really don't trust employers either at this point. You do have to work for a company until you can do something on your own but your employer is not your life unless you own the company. Good luck out there.
man I have a 2 year degree in CIS I have not even got a job in that field yet was in pizza for 10 years left 2 week notice then went to amazon as dsp for driving for 2 weeks fired on the spot without warning ok so now I am back to pizza in the meantime I am working on getting my hvac certification its hard out here finding work I am not even asking for much just $18 an hour or more
It's funny how small the world is😅 Me too, got laid off my 90k€ job two weeks after i paid off my car. Luckily, I live in europe and will receive full government support until i find another one. As a foreigner living in another country, you're the last to be hired and the first to be fired!
The advice I can give is never give up. You are very intelligent and well spoken. If you can remain on good terms with your former employer do so and maybe do contract work. In the meantime keep looking for another position. You need to be a shark in this competitive environment. Remember the golden rule. Them who has the gold makes the rules. Good luck.
I agree with this. Also, I want to add, 1099 is not shady at all in my opinion. It provides more flexibility to both the employer and the worker/contractor, and can be a good option in many situations. A lot of people don't like it because they have to pay SS tax and healthcare themselves and don't get paid holidays & PTO, but that's just the nature of being in business for yourself. You can always keep looking for a full-time gig while working on 1099 (with a bump in nominal hourly pay to make up for the drawbacks). Who knows, you might land more clients and turn it into a "real" business. 😺
Be glad you are learning how to take hits like this. I've been laid off several times, they did you a favor! Don't let these jobs be your whole identity. You don't want to be a guy who works in the same place for 20 years and then you lose a job and don't know how to take it. I'm with you bro, this is a blessing. The matrix spit you out, thank them. Go for a walk and let the sun shine on your face.
yes I know co-workers who worked in the same position, 20+ years, has very little skill outside what they know. Every layoff, they are super scared because they are too old and think they cannot learn new skills. :/ that's the future nightmare I'm trying to avoid, I'm taking free time to learn new script new tools, taking online lessons on related areas to diversify.
Sorry to hear you lost your job bro, ive been unemployed for long periods of time sometimes too (up to 2 years without work) because I kept waiting for specific jobs that I applied to in the government to call me back before accepting jobs that I considered below my skill level. What I learned is that its better to have any job so that you at least have some money coming in (even if its below your skill level) that way you dont have large gaps in your resume and dont lose years of your life where you werent making any money. You could always apply to engineer jobs while working a less skilled job.
You’re a young buck and this is your learning experience. That employer not only treated you like shit but they’re using you and you know it. Walk away, don’t look back.
Mate if you think there is no hope in America, you should try Europe. Trust me. Three years ago, we were at least on par with American workers. Right now, we can't even compete. The purchasing power has gotten diminished over here. Taxation is crazy, and the social services you get for that is nowhere near it's twenty years ago. Average senior engineer in Britain is paying over 50% of tax on direct income, if not more. Software engineers are considering/moving to the US to get paid better.
Lol anyone who thinks the job market for software devs in the US is good has absolutely no idea how bad the tech industry is here. Tens of thousands of new grads cannot find a job even after 2 years post graduation, and many senior devs are even being laid off.
@@eugenewolf7493 yeah the tech industry is so bad there. bmw senior engineers barely make €80,000 per year, diminished by 50%+ tax. US is really bad, no healthcare, no communism etc.
@@damonmelendez856 Hell, have you even been to any of these ivy league or other top universities recently? It’s literally like China or India down here. Hardly any Americans at all. It’s disgusting how much American students get thrown under the bus.
I follow your videos from time to time and empathize with your struggle. Speaking of being a software engineer and I saw a couple of videos by youtubers honestduane (video title=May 2024: The tech layoffs have oversaturated the USA tech job market) and MillionaireMorningShow (video title=Show Me the Money, Not Layoffs..." Big Tech Using Perks To Lure Workers Don't Work Anymore). The former speaks to the problem of oversaturation being so bad that even level 7 Principal or level 6 even having to take a step down to Sr Devs just to earn so it's really bad for inexperienced and mid & jr level people looking. The latter video talks about developing an even stronger mindset to support yourself to survive as Big Tech may no longer the dream so have other bags to chase. I hear ya...not everyone is even making 100K even in high cost of living areas. Stand firm with integrity and a healthy internal locust of control, prioritizing your time/energy and faith with hierarchy needs while bag chasin'.
There is nothing wrong with 1099. Well, it's not the same as W2 employee. It's basically a contracting job. You still get paid. There is nothing shady about it like what you said. One advantage over W2 is that you get paid by the hour. Unlike 1099, a W2 employee is mostly exempt meaning your pay is a fixed amount. There is no overtime. You don't get paid extra if you work more than 40 hours a week. Since 1099 does not have benefits like paid vacation, 401k, medical, etc., you will need to set your 1099 hourly rate to cover those benefits. Normally, a 1099 hourly rate should be at least twice the hourly as W2. Another advantage of 1099 is you can treat it as a business. Unlike W2, with 1099, you can deduct expenses from your taxes. The disadvantage of 1099 is that the hours are not regular, meaning your income stream is not guaranteed. Again, you will need to set your 1099 hourly rate to cover to cover that uncertainty. With 1099, like any business, you can negotiate your hours and schedule. Unlike W2, with 1099, your employer which is now a client and he cannot force you to work for you exclusively. This means you can have multiple 1099 jobs. It's not really that bad. Some people actually prefer 1099 than W2.
who asks to keep a laptop? That is business asset. This is the real disconnect in how the workforce perceives employer / employee relationships. They don't owe you anything. They paid you for your services that is all they are required to do.
not that ive figured it out, but we all got to figure out a way to have multiple streams of income. Time to forget the old paradigm. Time to admit what we already know: The corporation holds us in contempt, prepare accordingly, and lose your dependency on them.
Yes, that's what they're doing. They want you to be contractor status so that you are responsible for your benefits, taxes, and when there are lay offs, you would not get unemployment. I'm praying for you. I know that you'll get another job very soon. Hang in there!
Things are hard right now. Some advice: I've been there, both as employee and at one time a company that laid me off had me come back on 1099 for a few months, it was what they could afford. Sometimes 40hr work just isn't there, so be flexible. If you're around you're that much ahead of the people on the outside still looking. Good luck, and btw you're in tech and you have to add to your skills, its a fundamental career activity.
Good luck with any VW at that age. I went through a phase when I just had to have my 2001 Corvette until its repair bills ate away at my savings. Toyotas/Lexus, Mazdas, and Hondas are typically so much more reliable than US and German vehicles, although BMW's collaboration with Toyota has resulted in a steadily-increasing reliability reputation. But getting back to your employment situation....I've gone through similar layoffs over the years and have learned to avoid very small companies, as they are more likely to fail. Mid-size companies are best. Keep looking, even outside of your geographical location. I moved cross-country and never looked back. One last thing: Always be learning something new if it is likely to be valuable to many companies that have openings in your field. Your day will come.
Hang in there, use this time to build your portfolio, learn more about emerging technologies. If you’re in the web development field, I would consider learning webflow as a good pivot. There are a ton of apps you could build on top of the platform and you could charge whatever you want to web developers. You got this!
I wish I had seen this video earlier. I know that what they wanted to offer is not what you wanted but, I have advice from an old man. Never leave money on the table. Learn how to negotiate a good contract. Factor in your personal cost to continue as a contractor, and compare it to the cost associated with the previous position. As their only technology specialist, you get to control your work/life balance based on the contract that you commit to fulfilling. Life is a long journey and there are many peaks and valleys. Make every bad situation benefit you in some way, if you can. the experience you gain as an independent contractor is still of value when applying for positions in the future. Now is not the time to worry about new rims for your car. It is time to focus and plan for the brighter, newer, more lucrative, and more fulfilling, future ahead. Never leave money on the table. Never doubt your skills.
It isn't you. Lay-off is a normal part of work. Its not a bad idea to use the time to find a better way to get ahead. Good luck. It's happened to me MANY times.
Hi there, Many people have mentioned Ridesharing in my previous videos. What they do not know is that I've worked with Uber before, so much that I have actually gotten a ticket for parking on red to deliver a food item. That was a bit long ago however and with the current gas prices and my monthly bills, these options are not a good choice for me. It would make more sense for me to network, brush up on my resume and find a corporate job with more consistent pay. However, if I did have a Prius or electric vehicle and I lived in a smaller city, you bet I would be driving out there for some extra cash.
When I got laid off or got the threat of getting laid off, it was always a come to Jesus moment for me. It's quite ironic folks would misuse this name in daily conversations or when talking to themselves but when the proverbial hits the fan, they're faced with the option to either seek divine help or figure it out all on their own. Don't mistake me, I believe you got to work some things out on you're own, but when it comes to things totally outside one's control, you got nothing to lose if you call upon the name of the Lord and admit you're defeated without His help alone. Unfortunately for folks in Asia, they seek their idols and false gods, but for all you western anglosaxon folks out there, Jesus is asian, not european or african.
Hi Thomas, one advantage of 1099 is that you control your own schedule and can tell the company yes/no on availability. Another advantage is you can typically make 50% more on your hourly fee compared to what you were making full time as the work is not guaranteed and is usually an urgent need. The company is willing to pay extra. It has some upsides you may not have considered -- good luck!!
That’s horrible. It’s always the people that go above and beyond and they never recognize us. There’s a job for you for sure. You will find it soon. Hope things turn up soon.
Gen Xer here. From 1990 I worked for six large organizations, got laid off at four of them, fired at one. Mergers, acquisitions, and despising a couple of my bosses and those related roles were the reasons. Hang in there, today is tough and with AI wiping out many jobs, it's going to get worse before it gets better. But it's always been tough, it was never easy. You and most of us will get through it. Just don't get addicted to drugs or booze, I've seen that take quite a few off the board. Good luck!
You made a mistake. Nothing wrong or shady with the 1099. You could have negotiated a high hourly rate and just work 3 to 4 days a week and work more on your projects. The job market is absolutely brutal. If you are in tech, it can take more than a year to find a job.
Keep you head up man, I just paid off my car and the tansmission killed itself, I could of spent $5k to put a used transmission that will fail again because the car I had are known for terrible transmission failures and you can't put the updated gen6 in the car that don't fail. Now I have another car to pay off 😂
The economy is NOT good right now. Especially in the tech industry where VC money dried up. Hope you got some severance and apply for unemployment as soon as you can. Good luck. I'm pulling for you.
It's difficult to find a salaried position for your skillset unless it's govt or a massive company. You can have great success leaning into the 1099 route. I did something similar, and decided to market myself to multiple companies. Now I make a lot more then when I was a salaried employee, set my own hours, and feel more secure not relying on one source of income.
Hear me out! Go work as a dev for the government. If you can local government, since its the purest form government. Good benefits, stable job, usually 9 to 5, time to do stuff after work, weekends off. Also, STOP listening and watching the news. I’m a millennial, I share your struggle. Good luck brother ❤
“Stop listening and watching the news” That is great advice. I was always a news junkie but the last decade or so it is so toxic and full is misinformation to just anger you. It was a great mental health decision. I spend that time being creative.
Hang in there. It's hard to digest knowing that employers can treat people like they are disposable just so they can save however much they can. One thing to remember is that when one door closes, another one opens and it's just a matter of time before that 2nd door is in front of you.
Not to long ago I read something about AI computing. How it works is you put in all the work while the AI is learning from you then the AI will improve daily tries to be more efficient. Once that happens the employment will start letting people go. I've heard hundreds are laid off due to AI. It sucks...
they may have been trying to save on offering benefits but working as a contractor is not like working salary. You will still negotiate a hourly wage. Infact you would need to negotiate a hourly wage more than what you were making before because you will be having to furnish your own benefits and health insurance. Instead of as a employee they paying a large amount on your insurance them selves and then you cover your part, as a contractor they wouldn't supply insurance and you would have to handle all of it not to mention the other stuff like short and long term disability. You would also be able to deduct from the income many things to lower your taxable income. The only thing is how many hours they would offer you a week. interesting proposal. If it worked for you then you could maybe offer your services to other companies.
Knowing that this is a tech job, when you said “they wanted me in the office” i knew it was shady! All shady businesses are now the ones doing that sh*t and take advantage of their people.
Keep the laptop dude they don't owe you a free laptop especially if they paid you. It's your responsibility to buy your own laptop. Take accountability and learn you are a disposable asset like the rest..what you knew 2 years ago let alone 5 years ago is obsolete in IT. I ha have no loyalty to any firm my first loyalty is to myself and my family. You saw red flags and didn't act. That would be my cue to update my CV and start job hunting.
Once you reach the level of skilled labor you will never be out of work. Working on a assembly line is not skilled labor. Don't ever work for a company that has 20 or more VPs.
As a former independent contractor, I also had a full time job. Stay at the company. Get paid, get more experience. Learn what you can and keep looking for a permanent job. Asking for the laptop as you're quitting is not a good look. They owe you nothing like that. Greed is taking something that doesn't belong to you and want anyway. This company can't afford to give away anything, not even a crappy laptop. It's probably not performance but more likely immaturity.
You currently have no understanding of contract work. They would’ve been paying you for anytime you worked, we’re not just gonna be in the office not getting paid. Kind of stupid to turn down at least some work while you look for another job. That’s OK. The other people that are working will just pay your unemployment
You are very educated sir this economy sucks , as you well know so if I were you I would consider talking to the military with your degree you would become an officer no layoffs many opportunities and new skills plus many jobs offer large bonuses good luck and what ever you do please do not go in the marine corps, talk to the air force or navy recruiter better living conditions and advancements.
Look into FIRE. One way to set yourself up so that you are not at the mercy of some crappy employer is to get yourself into a position where you have enough to support yourself without a job. It’s fun to do, believe it or not, and completely liberates you from wage slavery. If you think layoffs are rough now, rest assured they are much harder as you get older. Just something to think about.
Thomas. Have you ever thought of running your channel and trying entrepreneurship? Think about it. Sometimes you can't rely on anyone to appreciate you more than the guy in the mirror.
I guess it is the tech sectors or tech jobs that would have cyclical lay off and endless competition and evolving technologies. My two kids got in tech sectors (One just graduated and got a job the other to graduate in two years). I have always worried about them. I did not agree with my second kid to take on the same career path. But he did anyway. Nowadays, job security is not a thing anymore. It would be average peoples forever concern. Sorry for your experience.
Here's advice you didn't ask for. Don't turn down work just renegotiate your terms. If they want 1099 then ask for 1099 money. They can also keep you on retainer for a certain amount a week. Being an employee doesn't shield you from anything.
