Victim of global economic downturn

Yup, I became a victim of global credit crunch last week. Our CTO and VP for finance politely explained that the company didn’t meet it’s target last quarter and it’s nowhere near meeting it this quarter too. So, several jobs will be cut and mine was one of them. I think more than 30% of the IT team was made redundant.

Watching news about the economic downturn, global credit crunch and job cuts is one thing but experiencing it firsthand is a different matter altogether.

How does it feel?

Awful, I felt something swirling in my stomach :) I can tell you it wasn’t a pleasant experience to be on this side of the table (it used to be other way round). Anyway, there’s first time for everything. It felt awful for a while, but the fact that this redundancy had nothing to do with my personal performance, and I had no control over it provided me some consolation. I was over with it pretty soon. I didn’t see it coming though and was caught with a surprise after enjoying my Dashain holidays…

After all it’s just a business decision for the company. I believe that whatever happens, happens for good. So, hopefully ShipServ will be able to weather out this storm. As for myself and other affected colleagues at ShipServ there might be something good waiting for us.

Its slightly painful now (you know you start thinking… oh my god how am I going to pay my rent, bills, food, blah blah…) but I’m absolutely positive that something good will come out of this. Lets see…

BTW, Cnet has an excellent list of 14 things to do if you are laid off from a tech job

Looking at the brighter side… I’m excited about new opportunities and have attended few interviews, which look promising. Also, it’s a good news for prospective employers; thanks to the credit crunch there’s one more very talented and experienced network, security and infrastructure engineer available on the job market 😉

Anyone interested?

Grab my CV here.

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Posted in Life, Technology, UK
2 comments on “Victim of global economic downturn
  1. Stefano says:

    I’m so sorry to hear that Niranjan. You’re an excellent engineer and I’m sure you’ll weather the storm fine.


  2. Hi Steff, glad to see you here and thanks for your kind words.

    How’s your US trip? I’m also planning to go there this Christmas. BTW, I’ve already started working for vanco from today.


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