How she survived after getting laid off
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- เผยแพร่เมื่อ 18 ธ.ค. 2022
- MASSIVE TECH LAYOFFS! Tens of thousands of tech workers have been laid off in the last few months. 11,000 people at Facebook, 10,000 people at Amazon, 7,500 at Twitter.
My sister got laid off and in this video she walks us through her finances, exactly how much she was making and spending before getting laid off and how she has had to adjust since then.
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I was laid off from my escrow Officer job with a huge national home builder last month. Thankfully I’ve been a barber for 10 years and was able to replace my income within 24 hours. Trades are truly a blessing when it comes to security.
how much did you make as an escrow officer?
@@1MinuteFlipDoc $60k in KY
This goes to show why it’s so important to keep your debt down
Or even keep none of them. I had close to a screaming match with my husband regarding that... but at the end we recovered 50K of debt in no time
She's so down to earth and real. I hope she finds a new job soon. 👍👍🤞
Lost my engineering job when the pandemic came and enrolled in medical school. Best decision of my life.
kinda curious how this went. do you mind elaborating? Im thinking of going to grad school for computer science(my bachelor is computer science) or go med school. my gpa for bachelor was 3.47
ya elaborate we'll be waiting
What type of engineer to what type of Medical career. I’m mechanical working as a Manufacturing Engineer in aerospace. But I’ve been thinking of jumping to Software
Your sister is so honest and forefront.
That was so nice of your sister to come on. It really helps people because we just don't discuss money and as such people don't learn about it. Very generous indeed of both of you to share ❣️
Thanks to both of you. I think it is good to hear how people are surviving when hard time hit!
The cost of living in Utah is almost unbelievable. In Seattle, you would have to multiply every number she shared by 3 at a minimum. Regardless, respect to your sister for living within her means!
Jake your such a inspiration! Hey Carlie I was layed off 6years ago and I haven't been back on someone else's payroll since. 1099 has it's highs and lows but I know if I go back my various streams can keep me afloat if ever I were to be axed again before the holidays. These companies are trying to break even.
Interesting video about the tech layoffs currently happening. Thanks for sharing.
You both are remarkable and your sister is wonderful. I hope she finds her next opportunity soon. They will be lucky to have her!
I appreciate how open people are on this channel.
Fantastic video. Thank you both!
Thank you for sharing this info! Super interesting and informative. Wishing Carly the best!
Extremely brave of your sister. She is a hero ! I hope she gets the most awesome job she deserves
She is just being honest about her situation. I do not see how this makes her brave.
Not everyone feels confident to go on the internet and talk about their financial situation especially getting laid off.
I can’t but help remember the Tech Kids of the day condemning laid-off factory workers “learn to code!” back when the Government and Wall Street were bankrolling the Chinese Communist Party replace American workers with virtual factory slave labor… as one of the few who actually code… I have to say that 2/3rds of Americans are saying now “learn to drive a truck” or work as a barista….
Thank you for being so transparent!
Man the lighting in this video is amazing not gonna lie. You guys look great. I got a Sony a5000 dslr for $400 recently to use as a webcam. It’s a big difference, but what seems to help even more is lighting and you have definitely nailed it here! It’s sooooo clear and clean!
7:53 Yes, many people don’t realize unemployment benefit comes from a pool contributed by the companies like an insurance pool. The more a company layoff people, the more that company will need to contribute back to the pool in coming years.
Very interesting. I appreciate her sharing these details with us. Please update us later when she finds a new job.
This video is epic, appreciate yall so much, needed to hear this!!!
Wonderful sister! Thanks for sharing!
Hope everyone will able to survive through. All the best.
You should not be embarrassed for being on unemployment. You pay into this system from your taxes. You’re entitled to use the services just like anyone else.
Hearing the description of her expenses, especially with having a child, it's just not economically feasible for most people at most jobs to have a life without living with someone off of two incomes. We used to need only one, and not even a great job! What happened?! Our country is being robbed by the upper crust.
Great video, thank you both!
I'm so sorry that you got laid off. I know what that's like, been through it myself. I wish you much success. I hope you find a new job soon.
Love that’s your sister isn’t worried… I’ve never been on unemployment and kudos to her for not being as prideful as myself and taking the 💰👏🏾
I was panicked when I got laid off but it actually was a blessing in disguise. Now I know, how to survive on the other side. It's not about avoiding failure but being adept at handling failure. Now if I lose my job ever again, I honestly would laugh because I know how to survive. I would not have known that about myself if I had never lost my job. I conquered fear, no fear is freedom!
@@mjohnson1741 that’s powerful, especially after becoming financially powerless. Those are some skills I’m still working on. I hope if the time comes, I’ll be as prepared as yourself 💪🏾
I have been laid off twice now and my approach is always be applying and respond to recruiters. Some positions will be worth going and putting in the extra effort. But you will get tons of practice on how to bullshit through interview rounds. The first round is always a drone round against the hr.
@@asadb1990 exactly, if this isn’t the truth idk what is.
@Financial Failure also if you laid off, always put present on last job and say you still work there. When they want references have a friend be your reference and parrot the lines you give them.
i'm proud of you jake, 2 videos uploaded in less than 7 days!!! it's gonna be a great year ahead!!
I was in a similar situation laid off from my tech job but I was a little unlucky and found myself laid off for almost a year. I used these same tactics to cut off unnecessary expenses and didn't find myself needing to dip into my savings at all. Kudos to your sister for being able to do that with a growing family! I admit I was alone so much less pressure on how I spent my own money, but good to know it's possible even for families! Thanks for sharing!
Woah how do you manage to stay unemployed for a year?
@@asadb1990 that's a mystery to me, I interviewed every week sometimes getting to final rounds with big companies but they always went with someone else. I was receiving interview coaching, but I probably should have reached out to more of my network sooner to try and get that shoe in. In the end my first/only offer came from FAANG which I promptly accepted.
Edit: a caveat that's important to mention is that I did not apply to any hourly positions, all full time, as I was luckily ok financially, but gruelling nonetheless
@Linda Says Things yeah i got laid off in construction management from the only province in canada thats pretty dead i.e. alberta. Their excuse was "shortage of work" while hiring 3 people after me. I came from a large GC after working there for 2 years. I luckily never updated my linkedin of the new job (only 6 months of experience which i tacked on to my old job) and kept applying as if im employed. Honesty is overrated.
I can’t but help remember the Tech Kids of the day condemning laid-off factory workers “learn to code!” back when the Government and Wall Street were bankrolling the Chinese Communist Party replace American workers with virtual factory slave labor… as one of the few who actually code… I have to say that 2/3rds of Americans are saying now “learn to drive a truck” or work as a barista….
Learn to weld
Very interesting video, thanks for sharing!
Great video. Very informative
Super relatable. Just found your channel. 👍🏼 keep it up.
This is such a helpful and relevant video! I’m sure so many people are benefitting from it! Did she or anyone else you know receive a severance package? I’d love to learn more and why it’s taxed so high.
You are awesome, thank you so much for your videos! 😊
Being down to earth like her is a sign of being actually smart and intelligent. Love from EastAfrica...
Tell your sister she may also qualify for food stamps! I was able to eat really great thanks to EBT. I was able to shop at Whole Foods and the higher quality food helped me feel so much better as I looked for a new job.
Ebt at Whole Foods? How bouggie 😂
I thought you had to have a job to get food stamps
@@sct4040 yessss girlll 😂 I wanted to eat healthy so that was literally my first try actually eating all those no seed oil, no gmo, etc type of food. It allowed me to start a really good habit.
@@modifiedjaymill maybe it depends on your district. Where I live you don’t have to be employed but you need to be seeking work.
These are NOT Tech Workers. These are people working low skill/overhead jobs in tech companies. There's a clear difference. The certified engineers and coders were retained in most cases.
Got laid off yesterday! Pretty excited to explore other options!
Important message Jake! Thank you for that!
I am working in IT sales and the layoffs has touched my company too, so I decided to quit and find another job before they take this decision for me.
I keep my finger crossed for your sister to find a great job soon!
Probably would have been smarter to find another job first then quit...but you do you.
I don't think you can apply for unemployment...Duh!
I was laid off during Covid. Was given three months severance, took four months to land a new role. Thankfully we had three months of expenses in the emergency fund as well. There’s options out there I’m sure she’s going to land a good gig.
On one hand why have children when they are raised at a daycare ? Daycare can be very expensive unless you have a relative looking after that child.
I stayed home for 9 years until the youngest was attending school full time.
My income would not have covered childcare.
Having an extra car ,insurance and so many expenses that occur.
We lived on less and made due without but it was worked in the end.
Wish her the best in finding her next position! Even though some are laying off, I recently started a new job 2months ago (tech company) and got a 40% jump in salary.
40% a huge. Nice work. Yeah she'll find something soon, I'm sure.
Weird thing to say but okay
@@DrBlackJack001 just saying, even though there are layoffs, there are still a ton that are hiring. I get text messages, calls, and emails from recruiters every day inviting to a new position. I'm in the tech industry, so although we see layoffs at FANG and larger companies, there are still many mid-size etc that are hiring. This gives hope to people who are laid off, they will surely find good work again soon.
@@JakeFerrin And you can not refuse a job offer or the unemployment stops!!
Thank you for sharing.
I am so sorry your sister has to go through this challenge of unemployment.
The one thing I learned along the way in IT journey (30+ years) is to ask how long has my manager and other staff have been on the job. That gives me a better idea of the culture of turnover at the company.
Thank you for sharing. I was there before. Unemployment is an amazing benefit when used properly.
Unemployment doesn't pay out though
Unemployment is taxed you must pay that and if you recieve a job offer and turn it down the unemployment stops She said also you must apply at 4 places a week They do not care is less money or farther to drive
I noticed she didnt mention any debt
To prevent from panicking of layoff, I live a frugal life, paying off all debts (car, house, credits), having an emergency fund and investing in the stock market.
I just got laid off from my tech job while on maternity leave and made about as much as your sister. Thanks for this video!
Your taxes was only $369 on $5700 gross paycheck?! ..And unemployment is $2700 per month?!...WOW...Utah for the WIN!!
Thank you for sharing
Just got “furloughed” for 2 months from my tech startup. Tell your sis to be glad she doesn’t live in AZ! Max unemployment benefit here is $240/week vs. her $660/week. That cut makes for a rough transition with a stay at home mom and 3 kids coming from a salary of nearly six figures! 😅
I remember when I was last laid off. Hurricane Sandy in 2012. 😆
First I went sailing in the Caribbean for six months, as I'd been living in my van for the recession.
Then came home as my tenant was leaving, so rented rooms out and did gig work ever since 😄. It's wonderful not having a boss and part time work. Never go to restaurants, or paid concerts. Mint mobile for phone. Old car is paid for and low insurance. As prices go up I simply raise my gig work rate and housemate rent. I did do a spell of yacht work to pay down the mortgage and refi. So that helps $300/mo.
What's going on now with the economy is nuts. Hoping for another recession so my daughter can afford a place.
I hope things go well for Carly.
I really hope Carly gets a job asap. Wish you all the best, Carly.
She should learn to weld
Im express " show love "to your sister she is smart and will get out of this ...right away what am i going to do now. no time for pity.
It’s weird seeing one of these where the person’s financial situation seems pretty reasonable, like no $500/mo for candles or anything. I’m glad she went for unemployment though, when I got laid off I knew people that were like “oh I’m not gonna go through the hassle.” Like dude you have $0 coming in, get that money it’s yours!
Funniest part for me was getting the notice from the unemployment office where they were like “you NEED to come in we MUST discuss how to search for jobs and fill out a resume” so I just showed up with my (multiple, industry specific) resumes and they’re all like “oh… uh… okay, enjoy your day.”
I’m a software engineer in Brazil got laid off too, American investors stop coming hahah, but I got another job at my previous company as tech lead, the work is more and pay is less but at least I’m an associate, followed jake advice and now I “own” a piece of a business
I don't know how I got to your video with your sister...It was brave of her to put all her expenses online...I'm sure it helped many people...I was just wondering how it worked out for her...did she get the job she was looking for??
Im un construction management and got laid off in the beginning of December right before the holiday. Got another job in the states with roughly 50% pay increase.
Back to basics, when the fed cuts: whether interests or QE then accounting comes into do the layoffs/cost cutting to meet numbers.
I am sorry to hear about the lay offs, I have been told that there was a shortage in tech, is that still the case and if so. How could that be the case whilst there also mass lay offs in tech? I am not from the USA so I am not sure how that all works.
what a sweet sister
Congrats on the baby! I hope and pray for the best for yall!
I wanted to say that I pay almost $400 to $500 in groceries in my state and month and my state is considered low income... there are 4 people living in my house, 2 adults (including myself l) and 2 children... how do I cut back? We can't even afford the good food. Thats all the cheap food... meat Is really where alot of that money goes but in order to have a decent meal you have to cook meats with your other meals.
Thanks! I’d be curious to know more about how she cut her food budget so drastically
Thank you for making this video, very informative as well with being real.
Im 23 and reside in Tempe, Arizona.
I have been working for Lucid Motors for a little over a year now (Logistics) & just got layed off including other fellow associates and team leads.
I've been up in the air with what my next steps are, overthinking the situation is never great.
Watching this video showed me some sort of motive to calm down and really evalute what to do from now on.
Any advice on what to do so that I don't get stuck,
im currently also in graduate school for Industrial Organizational Psychology (IO Psy)
its difficult to advice you because of your career lane, but i pray that GOD will provide for you soon
If you are in PHX, the semi-conductor related industries are hiring crazy. Not the best work, but they pay well and trains while it pays you, and they also got feds money coming in to support.
🤣🤣🤣"Time for dinner " and we all hop in the car, love it! ❤️ God will provide please don't stress out!
wow I live in the San Francisco Bay Area... each day, I eat out, and for one person, the total bill is any where from $60 to $80... but it is for 2 meals... I order 2 and eat half of each, and then take home the rest... so my monthly bill for food can be $70 average x 30 = $2100 per month
I am a Salesforce Consultant and was laid off this week
I hope that Carly could find next job soon. I know it is tough, I have been laid off before in oil and gas industry during oil price crash downturn so I know how stressful it could be. In the process I learnt that everyone is replaceable, doesn't matter our performance was because that's how it works in corporate world run on capitalism. Thus we should never be dependent on our job as a single source of income.
Best to diversify and create another source of passive income whether it is online business, shares, divident, renting out property, deposits interest, etc so you get peace of mind. Because there will always be fluctuation. In fact every 10 years we always have financial crisis so we need to be versatile at any time. Also see if your technical skill can be transferable to other sector that not so niche.
Dont forget to be discipline with your expenditures. Anyway good luck on your next journey as I'm sure you will find something soon!! All the best!!
Congrats on the baby #3
Your sister is a doll ! 😁😁
Always best to like frugally. I like to think of life like the seasons in nature. Its not always going to be sunny in your employment. You have to prepare for the winters that inevitably crop up.
Theis expense breakdown is so relatable! Honestly eating out for $400 a month seems reasonable to me. Frankly even grocery shopping costs quite a bit too.. If only money would go further!
I wish her the best…. She’s a fighter.
Can they do a 3 month or 6 month update? How are they covering med bills?
Is there a severance package? How much is it?
Carly!! All the best!!
Thanks so much for sharing! Hope you land on your feet with a new job asap. I’m very curious. How were her taxes so low? Maybe because I’m in California 😂
I have never heard about a new Mom being laid off on maternity leave. That company has no class.
Ayo, wtf is her husband actually doing? I know I’m not the only one that picked up on all that, right?
Bro to be honest you were a bit harsh with the question
I was kind of thinking the same though
Stay at home Dad perhaps? What do you think?
They're doing pretty well for themselves though
Exactly I was thinking the same thing with the “we”
I can’t but help remember the Tech Kids of the day condemning laid-off factory workers “learn to code!” back when the Government and Wall Street were bankrolling the Chinese Communist Party replace American workers with virtual factory slave labor… as one of the few who actually code… I have to say that 2/3rds of Americans are saying now “learn to drive a truck” or work as a barista….
I'm glad I was smart enough to buy houses when I was in the military instead of staying in base housing, now that I'm out I can at least count on disability and rental income if I get laid off. I also have a 1 year of living expenses emergency fund for this reason. Also, the costco pizza is good for the price, I get it all the time lol
Well one thing about tech people , you all have a great skill set.
I pray she gets a job making more!!!
I feel for your sister. I was laid off during the pandemic working as a Talent Sourcer for a top healthcare firm and felt my world was collapsing in 2020 after losing my well-paid recruitment and sourcing position. After re-grouping and making several mistakes (accepting low paying recruitment jobs out of desperation). I was fortunate enough to get back to my firm. Shortly thereafter less than year or so left, now work for the top healthcare firm and feel more stable. I suggest looking for non tech companies try to avoid start-ups or companies who are not well capitalized. Instead look for non-for-profit firms in needed such as governmental entities such as public hospitals college or universities, mainly public colleges if private ensure they have are well funded with large endowments, if not try to get an employment contract. Just my two cents.
This, I work for a company where their core service isn't tech, but use tech to complement the core service. We only laid off 4% of our total workforce and most core engineering functions are not impacted, mostly just contractors and problematic employees.
👏🏾👏🏾💯
It's because of the interest rate. Most of these companies were over leveraged and bloated during low interest rate, but now the FED has increased the interest rate to fight inflation by killing demand, if most people are unemployed they won't have money to buy things anymore, so inflation will come down, hence the layoff. Companies can't have cheap loans anymore.
Hope she finds something fast
Dang, good luck!
The good news is she gets more time with her newborn 🎉❤
Oh btw- congrats on baby number three! Just had our third (and final ✂️😅) two months ago. We bought that doona stroller you showed, it’s worth the $550. Trust me.
Thank you! Yeah the Doona seems awesome. So useful to not carry around a heavy carseat or load up a huge stroller.
Any tips for freshers?? What should freshers do to get good job?
Not many people do these kinds of videos. Wishing the best for Karly!
I am just happy to see such good looking people are re-producing!🤰🏼
Cool video... 6 months goes by fast on unemployment. Hope she can find a better job than previous role. Thanks
I got laid off from my job as well too which is a public business one so I'll have to wait until my boss gives me a call or a send me a text to rehire me back to my previous job. I can't move on to a next job not yet because I don't feel like moving to a better opportunity because my boss said him and the others would love to have me there.
how do you cut car insurance?
The employer paid 50% and the employee paid the other 50% from your biweekly paycheck for the unemployment insurance to the state. Each state is different in the weekly amount paid to the recipient.
I got laid off and have a disability. That’s also why.
My brother in law was on sick leave when laid off.
This is a crazy time. Then, everything happens. Things break down more it seems. Or maybe more noticeable.
The simple life is easier for me. I’d rather eat good meals at home and have a roof over my head. If I spent a lot of time eating out and shopping for clothing, I wouldn’t be able to survive, now. I dropped my magazine subscriptions, doing my hair and nails. You do need at least a 6 month to year’s money, in case you can’t find a job. Unemployment is hard to deal with.
People are losing their shirts. I’m lucky, other than the multiple repair bills, I have a place to live. However, my next door neighbor is having trouble making her dues to live in the condo. But, I can’t worry about everyone else. I have multiple repairs bills , right now and have to worry about myself.
Costco pizza is delicious and it’s only $10 for a whole pizza. My wife and I treat ourselves to it every couple weeks or so.
I love Costco pizza too!
It’s really hard to feel sympathy for anybody laid off from the tech companies do you imagine how many peoples lives were ruined when their accounts were shut down from these companies. I’m sure things are tough at the moment. But with your work history and qualifications, I’m sure you will land on your feet.
Its great that there is a safety net in US
Wow! No property tax which state is that?
In Ontario, Canada unemployment is paid by you. Unemployment insurance comes from your paycheque while you’re working. It’s basically your own money