Hi all,
So to give you an overview of our current situation (my wife, 2 year old daughter, and I) we both have "good" jobs in finance. She works for a large company with an aggressive 401(k) and a pension. her salary is greater than mine.
My job SHOULD (emphasis on should) be about the same income as hers or a little more (I;m a wealth adviser for a large independent firm) especially with my book of business which I manage.
Currently, due to a number of issues at the office (lockdown of the lead list, loss of internet and phone for weeks on end, shorting me on bonuses and commissions) I have essentially brought home enough to cover our daycare expense and the gas to drive here.
Thins don't seem to be changing, and if anything they're getting worse. Our manger had a solemn meeting with us today telling us to "step it up" which i believe fell on deaf ears as all of our earnest abilities to do so have been hamstrung by so many problems. The numbers don't lie though, and our company has lost as much money this first QUARTER as it lost all last YEAR.
Now, our firm is owned by a much larger company out of NYC, and they are not at all happy with our performance. As such, it wouldn't surprise me if they gutted the entire firm (we're a national client base and do all of our work over the phone) and moved the company to an area with a better potential employee base. (we're out in the sticks right now)
I have a feeling that I'll probably be receiving a pink slip sometime soon, however It would probably be a full "termination" which never looks good on a resume.
MY OPTIONS:
1. quit Monday next week. If i quit, we would still be in the same boat financially. I would essentially be a stay at home dad, and it would help facilitate our move int our new house (financing isn't an issue)
2. stay here, miserable, generally unable to make money thanks to the lack of support at the firm etc. and wait for a pink slip so I get unemployment, which may hamstring my ability to find another job down the road.
I'm leaning toward quitting because this company is FAMOUS for litigating everyone's (and I mean everyone's) unemployment claims. also, a termination on my record doesn't look good.
Side Note: I've spoken in more depth with some of my mentors about the condition of the company (people i can disclose more details to essentially) and their first questions is always "are the going out of business?" as such, I know they would term me first and then go under, and I don't really want that mark on my record.
so what say you mustachians? enjoy daughter and new home while I search for new job? or continue to spend my time essentially paying for daycare?
Thanks!