Everyday I am very excited to go to my office, but not to work. My work does not excite me anymore. In fact I wake up late because I try to drag myself out of bed, and fail miserably.
What excites me is getting back to planning my exit plan. (Is it just me or am I over using a couple of words here in this paragraph).
Anyway, the company I am working for is already sinking. Sales are down and expenses are not getting any smaller. The company is sinking fast, but like in Titanic, I can't jump ship just yet or I will die of hypothermia. Reality is, even though the company is losing money, they can still afford to pay me. And if I resign too soon, I will be out on the streets with no job and no money. Good luck if they can even afford to give me my separation pay.
What I hate in my situation right now is the media blackout, or something like that. They are not telling us anything about the company losing money or what actions they are doing to counter this. If not for my friend in accounting who told me that the revolving fund is already depleted, I would not know our current situation.
I noticed that cost cutting is already in effect in every department. We are not buying new equipment anymore, and even requests for anything are being put on hold. Our major suppliers are holding deliveries for major ingredients of our products. The parking space in our building which was once full of brand new cars is empty when I arrived this morning. I even joked to the guard asking him if it is a holiday today.
Looking back, there are so many things that went wrong (and are still going wrong) in this company. The first year that they opened, they were a big hit, people lined up to buy their product. But as years gone by, they managed to screw up their brand name by hiring the wrong people and by spending more than what they earn, making the company neck deep in debt.
The only thing I regret is that I became fond of the owners because of their good nature and kind hearts. I think they believe that I am one of their people who will stick with them until the end.
Another reason why I have not yet bailed.
But I am no fool. I may stay here while the ship is sinking, but I will make sure that there is a raft somewhere that I can use when this company spirals its way to oblivion.
Sunday, November 22, 2009
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