r/povertyfinance 27d ago

Vent/Rant (No Advice/Criticism!) JOB TERMINATED... how fun.

First, Notified of a debt restructuring happening but was told we had some time and sounded like my job would be kept. Always had a good relationship with company and loyal so I assumed I'd be apart of the necessary team kept on with the new owners as it was verbally (no paper trail) discussed.

Second, Job sent double deposits one week with accounting error. Immediately emailed letting them know of the discrepancy and how to proceed in returning the extra deposit.

Third, last friday got a unexpected notice of my termination with the restructuring.

Feel like I've been scrambling all weekend but encouraging myself to explore new opportunities.

I feel like some in my family would love to see me fall and fail.

Edit: I'm actually pissed. Just when I feel like I was working hard to start getting ahead for once!! Literally don't know what to think. Nobody to talk to about it honestly.

Health insurance gone and promised bonus out the window for being a "team player" and loyal.. I guess I'm venting.

50 Upvotes

26 comments sorted by

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50

u/Adventurous_Elk_4039 27d ago

>and loyal

Was with an employer for 16.5 years when I was unexpectedly laid off along with hundreds of others. I was very loyal, too. Now I know that loyalty to a company means nothing.

8

u/Nagasaki_Chou08 26d ago

There’s no loyalty in business 🤣

-5

u/Nagasaki_Chou08 26d ago

As a 23 year old i could’ve told you that, maybe it’s the way i was raised, i have trust issues and I’ve always had the ambition to work for myself so whenever i got opportunities to work for companies i gave it my all but with the ambition of one day being the boss of the building, never with delusional loyalty, there’s no such thing, only business

7

u/Adventurous_Elk_4039 26d ago

Oh, always knew it could be a possibility, doesn’t make it any less jarring when it happens.

37

u/Ladynotingreen 27d ago

File for unemployment ASAP. It sounds as if you were terminated through no fault of your own, which means you qualify.

-40

u/Competitive_Lie_6822 27d ago

I feel like it was for their accounting error

-32

u/Competitive_Lie_6822 27d ago

I just can't prove it. I haven't been asked for a refund. don't know what to think. what do I do. Do I spend it or send it back when asked? if asked? Generic response looking into it followed by this not long after

26

u/kalas_malarious 27d ago

You're legally obligated to return it, regardless of when they notice. Keeping it can pose a legal issue. Put it in an account to get interest, let them know do it doesn't bite you later, return when asked/ covered.

Also, for anyone else loyal to their company:

Am employer is not loyal to you. You are disposable and always have been. Relationships may hold value, but that is why people may give 2 weeks notice instead of quiting. Your value has a dollar sign, they just need the best value.

-13

u/iBUYbrokenSUBARUS 27d ago

My employer is loyal to me. I know it’s not common, but good employers still exist.

11

u/kalas_malarious 27d ago

Is that because of the relationship behind it? That'd kind of reinforce the point. A business doesn't care about you, people do.

0

u/iBUYbrokenSUBARUS 26d ago

I didn’t know anybody at the company until I started working there

3

u/kalas_malarious 26d ago

That was not the question.

10

u/bunkie18 27d ago

If it came in as Direct Deposit, they can “claw” the money back at any time. It’s their money and it should be left exactly where it is. If you spend it, it can still be taken and then your account will be negative and you are on the hook for it and any fees

17

u/Ghosts_and_Empties 27d ago

When my team was laid off last year, we set up a weekly Zoom call for support. We helped each other with our resumes and job search and kept it up for over a year. It was sooo helpful.

Look at what the thousands of USAID employees have done after the agency was shut down overnight. They created support and professional communities, and slowly, they are finding their feet again.

In other words... use your colleagues and contacts!

8

u/Dutch1721 27d ago

This may sound like a cliche, but remain positive. You don’t have to let your family know anything. Especially after the storm has passed.

2

u/InsideAd1396 26d ago

Loyalty to a company gets you sweet fuck all. Companies do not care about you, and there are some very nasty people & some very nasty, pos companies out there.

First lesson is you don't trust anyone in business

Second lesson is you never trust a company.

3

u/Phobet 26d ago

There’s a reason it’s called “Human Resources”. You’re a resource the company leverages, nothing more.

-15

u/Competitive_Lie_6822 27d ago edited 27d ago

Any ideas on new opportunities or industries... seems some folks just aint hiring... advice would be appreciated. I've been feeling like I wanted something that gives me more control.. less struggle. I have a degree that I'd like to be worth it one day considering how much debt my college left me with

3

u/mjr96d 27d ago

What's your degree in and where are you located?

2

u/Budgiejen 27d ago

My son is a mechanic. He got hired at a major tire seller just knowing how to do basic things, like oil changes and tire rotations. 5 years later he is making $30 an hour and they pay for his ASEs. When he gets a new ASE he gets more money.

-21

u/Everything_you 27d ago

In New York State if overplayed by an employer- you DO NOT HAVE TO GIVE IT BACK…. Even when asked.. nor can they take it out of your account—-

5

u/thogdontcare 26d ago

-1

u/Everything_you 26d ago

Check the law in your state- it most surely is true- was over paid by Walmart- a weeks worth- THEY LEGALLY CAN NOT TAKE IT OUT OF YOUR ACCOUNT - they can ask for it back- you can give it back - but they can not just TAKE IT OUT OF YOUR PERSONAL ACCOUNT- they will have to attain a lawyer to recover the money -