One day after I announce this is going weekly, I am compelled to write about the news of the day. AMR, the parent corporation of American Airlines filed for bankruptcy today. Having gone through a corporate bankruptcy 25 years ago, the feelings and memories come back easily.
The first thought is always "will there be a tomorrow?" The answer is always yes, but it won't be the same. Job security in the short term is a given but once the releases begin it seems as though they will never end. Pay will continue but is no longer a long term given. Eventually your job will be downsized or outsourced. The job market is not good. Start looking now for the next job. You will be fortunate if you are given any sort of notice that you are being let go. Especially in today's market, do not expect to find a job with comparable pay. Start downsizing your lifestyle now in the expectation of what is to come.
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