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Might get laid off today

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Senior Manager
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Joined: 29 Apr 2011
Posts: 311

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Location: United States
Schools: Dartmouth (Tuck) - Class of 2014
WE: Corporate Finance (Real Estate)
Might get laid off today [#permalink]

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New post 04 Nov 2011, 06:26
Ok,..so i'm putting together my apps and will be applying to Dartmouth, Darden, and UC Berkley in a week and a half (Consortium App). I have a decent profile,..good work exp, AA male, 680 gmat. So I'm hearing rumors that some of our business groups might get laid of today,...its just a rumor,..but wanted to see how you all think this may affect my apps if i'm unfortunate enough to be included in the cuts.

Will keep you posted on if it happens.

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Senior Manager
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Location: United States
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Re: Might get laid off today [#permalink]

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New post 04 Nov 2011, 08:52
Nobody has an opinion on this??

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Senior Manager
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Affiliations: CBS Class of 2014
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Re: Might get laid off today [#permalink]

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New post 04 Nov 2011, 09:09
Make sure you get your recommendations in from current employer and find another job... some schools don't want that large employment gap even if you are enrolling.. some don't care.
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Director
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Location: Hong Kong
Concentration: Finance, Economics
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Re: Might get laid off today [#permalink]

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New post 04 Nov 2011, 09:29
been in that situation...

if you are applying for R2 - go ahead and apply.. nothing has happened so far...

if u do get laid off - use the optional essay to explain your situation

schools are aware of the volatile economic situation these days

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Senior Manager
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Re: Might get laid off today [#permalink]

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New post 04 Nov 2011, 10:53
Ok,..just got an email from the CEO,..we apparently did have some significant cuts today and I heard of people being escorted out. Fortunately I still have my job. Should be good until next year atleast, but you never know. Anyway, now i can atleast finish my apps in peace.

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Re: Might get laid off today [#permalink]

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New post 04 Nov 2011, 11:39
mooze wrote:
Ok,..just got an email from the CEO,..we apparently did have some significant cuts today and I heard of people being escorted out. Fortunately I still have my job. Should be good until next year atleast, but you never know. Anyway, now i can atleast finish my apps in peace.


That is great man! Nice news to hear after your initial post. Just dominate those applications over the next week.

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Manager
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Re: Might get laid off today [#permalink]

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New post 04 Nov 2011, 19:04
Sorry I didn't discover this earlier to give you some advice. Anyway, it's good that you get to keep your job. Good luck with your apps.
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Senior Manager
Senior Manager
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Kudos [?]: 45 [0], given: 1

Location: United States
Schools: Dartmouth (Tuck) - Class of 2014
WE: Corporate Finance (Real Estate)
Re: Might get laid off today [#permalink]

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New post 07 Nov 2011, 11:45
Mindreko wrote:
Sorry I didn't discover this earlier to give you some advice. Anyway, it's good that you get to keep your job. Good luck with your apps.


What would your advice have been friend?..i'm interested anyway.

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Senior Manager
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Location: United States
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WE: Corporate Finance (Real Estate)
Re: Might get laid off today [#permalink]

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New post 07 Nov 2011, 11:46
nycbiker wrote:
mooze wrote:
Ok,..just got an email from the CEO,..we apparently did have some significant cuts today and I heard of people being escorted out. Fortunately I still have my job. Should be good until next year atleast, but you never know. Anyway, now i can atleast finish my apps in peace.


That is great man! Nice news to hear after your initial post. Just dominate those applications over the next week.


Thanks man,..it was a close call

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Re: Might get laid off today [#permalink]

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New post 27 Dec 2011, 12:43
I am in a similar situation where my company will be the target of a merger. We don't know who we are merging with yet but we won't survive long as things currently stand. I planned to apply next year but decided to put in my app and take my GMAT all in a hurry.

There are a couple positives though:

-I was able to obtain a recommendation from the company COO who was directly responsible for a couple of promotions in my 4 years of service with the company

-Whoever is being let go will be able to find employment with one of our partner companies. So even if my MBA app doesn't go through I still have a fall back plan. But I'd much rather go back to school this year since I am 30 now and don't want to do an EMBA

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Re: Might get laid off today [#permalink]

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New post 03 Jan 2012, 00:09
Hi everyone,

Hope these thoughts are of help. A candidate may be outright fired from a job for poor performance. More frequently, however, we see applicants who are laid off due to downsizing. This often happens very early on in a job, before the applicant even has a chance to prove his- or herself in the position. As with other difficult situations, this is a time for honesty. If you have made a mistake, this is the time to own up to what happened and take responsibility for a poor decision.

If you were caught by surprise early on in a job, you can explain what was learned, and demonstrate how you have bounced back from this failure or setback.


Cheers,

Conrad and the Stacy Blackman Team
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Re: Might get laid off today   [#permalink] 03 Jan 2012, 00:09
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