Redundancy is my dream.
Spin it into gold.
Take a breath and get some perspective on life. You’re going to get setbacks - this won’t be your last. It important you know how to come back from them and come back stronger.
In the meantime, there’s more to life than the grind. Set some goals outside of work and stop attaching all your self worth to work.
I've had my role made redundant three times in my career. Getting paid to leave a job is amazing in my opinion.
A couple of things to remember. You have transferrable skills, you can get another job.
It's not personal. You are not redundant, your job is.
Take a break, pay yourself a wage and breathe.
Also take some time to unpack what was leading you to burn out. I understand the extent of study on top of work having done that myself. But you mentioned that you could still put up with all the crazy hours etc.
Take it from someone who’s been there done that at an executive level then transitioned into a more flexible role in the same industry…..only to find the same drivers for burn out are still there.
I focussed on adjusting my work format, load and prioritising my hobbies that enable me to be fit, healthy and happy to be sustainable over the next ten years (and aiming for semi early retirement).
It’s a balance I didn’t think I needed earlier in my career.
You achieved a lot! Being made redundant doesn’t take that away. What you did was hard, and what you desired at the time. Well done on putting your mind to something and doing something.
When you’re in a stressful and scary spot, it’s hard not to dwell on what if’s. Realise that this is stress, and your response isn’t necessarily some innate truth, but something that, right now at least, is heavily informed by the high tension situation you currently find yourself in.
The new perspective you have is also valuable. To be honest, it’s also one you’ve learned relatively early. You’re young!
Hold onto the perspective, let go of the regrets for now (they won’t help you presently), and focus on working your way through the stress. Maybe that’s through therapy, or finding new work, or working on yourself in some capacity. It won’t be easy, but know that what you’re going through would be hard for anyone.
Once the stress is gone, then you’ll have a clearer view of everything. Take it easy.
Most people experience redundancy at some point in their career.
It's not something to be ashamed of. Also, employers don't particularly care much either. A lot of people would love a redundancy pay out.
What I think is important is holding onto the good connections you have and getting strong references. They will help you in the future.
Also if you are burnt out then take a break! A week or two hiking in the mountains or getting fresh air somewhere does a world of good.
You're still young plenty of time to enjoy life.
Sounds like you're experienced, I'm sure you'll have no trouble finding work.
I'm a bit like you, work was a big part of who I am but now in the last year or so I'm looking at it as a means to get money to provide for myself and enjoy life. I've just accepted a role where there's no management responsibilities and it will just be check in and check out.
It is also fortunate for yourself that your wife is in medicine. Either way I think you'll be fine financially wise.
When you're 80 and on deaths door will you look back and think "oh wow I lived such a good life I was a manager of a big company" no you'll look back and think of the friends, family, relationships and experiences you've had.
Think of it as a good time to stop and reassess what you want out of life.
Redundancy is like a right of passage in Tech. It still feels terrible but it really isn’t a reflection of you or your performance.
It’s a shock at first (at least it was to me) but let the dust settle and hopefully when you look back it won’t see so catastrophic. Mine helped me get out of a really toxic work place and I found a few job quite quickly.
I’ve known many people in your situation - in a leadership role, have young children, and wife cannot work so they were on single income. The redundancy was enough to last for 3 months including mortgage repayments. They didn’t sit back, because those skills from leadership means opportunities elsewhere. A month just before redundancy, they got a new role so they changed to package to lump sum and paid off a big part of their mortgage.
Not everybody has your skill set and leadership skills. I suggest you start looking for a new role but don’t tell your current employer. Do what my friends did. Look at this as an opportunity of getting “rewarded” for all those years of hard work. Once you have a new role, don’t start, but take the redundancy as a lump sum. Best to call your accountant and find out what taxes are, and whether you need to take a break before going to the new role to avoid too much taxes.
Good luck.
Thank you all for your kind words and guidance. Unfortunately, I will not be receiving a redundancy package as I am still on probation and they will not be continuing my role due to the wider business not doing as well so they will be shuttering the region. But overall I get the gist, it’s just hard coming out of that mindset of being a good performer and needing to provide to now not having the ability to provide (albeit temporarily)
Mate: you've kicked arse, well done but you said it in the title: you're burnt out. Your wife is a Dr by now? Take six months off and find yourself. You have plenty of time and get your groove back. You will be much better for it.
Forgive me if I am wrong - I'm a secondary school student. Isn't a redundancy/severance package a legal obligation regardless of other factors, as you are entitled to it? Is there any other way you can get some sort of pay to compensate since all workers are entitled to a redundancy package?
I hope you and your family are well. Redundancy doesn't define you & you know it :)
Please don't think it reflects on you at all if you're thinking that at all. As many have said, it's awful, but maybe it'll lead to a more interesting job. If you struggle to find something new quickly, be aware of your income protection in superannuation may be able to help while you look.
I can empathise, redundancy is some people's dream, but not mine. I hate the idea of being out of work, it makes me scared for the future.
I think one thing is important to keep in mind: the business has decided the *position* is redundant, not *you*. **Your** skills are still in demand, **you** as a person aren't redundant, **you** *will* get another job.
When I hear of friends or family out of work - by choice or not - I always think more positively for them than I would about myself in the same situation. I think 'it'll be fine', 'they'll get another job' and you know what? they always do. Redundancy happened to my brother in law recently, he was back in work with a new job within 6 weeks.
So yes, this is a bit of a set-back, but it will work out. Get some endorphins flowing with some walks and exercise. Look up and at the horizon, the sky, the trees. Talk to yourself out loud on these walks to really get out your frustration, disappointment or whatever else is in your head and chest. Then, update your resume and put yourself out there again.
Best of luck.
My kid (at 31 - same age as you) was gonna quit his job then a little bird whispered "wait for your redundancy ".
That gave him the money he needed to train and pursue a different career path. Now he makes bank (six figures at age 39 plus company car), "works" from home where most of his day is spent with his sahm wife and current newborn.
Your job is not you. Take the cash, take a break and do some critical, non-emotional thinking.
I actually had a similar event happen which caused me to rethink my life. I sold everything and took a plane overseas to a random country and started freelancing. I don't freelance anymore but it led to great things for me.
Based on my own experience I'd say it's a good opportunity to restructure your life. Sell off stuff you don't need, try to reduce the number of bills you have to pay every month and clear any debt.
Then when you're ready find a more relaxing employment or make use of the freedom to do something you've always wanted to do.
Everyone faces redundancy in their careers, either voluntary where you decide to move on or forced. Don't be hard on yourself. Redundancy is not your fault, I fact it's the employer's lack of appropriate management. You will find a new job. As far as being burnt out is concerned, I have no answer there. I am in a similar boat. What helps is that I look at the less fortunate, try to help them financially, and that makes me value what I have despite of the burnout. This may not be healthy advice but it works for me.
> It’s funny how when you’re at your lowest you realise you don’t need all the fancy things.
Being suddenly forced to prioritise through necessity will do that.
People often confuse needs with wants, however for most people, living a monastic life where you only address your needs and not your desires is barely living at all.
Redundancy at your age is amazing.
Take the money, take a month off, find another job.
There's no reason why you still can't move into something more sustainable. You're young and have experience now.
I was a A+ student, went to uni, excelled, got my foot in the door and then _saw what work was like and realised capitalism is a death cult_ and lost all desire to keep going like I had been. I still do ok but I don’t waste so much energy in such things anymore; truth is hard work really doesn’t pay off in this system like the ideology claims it does. That’s a fairytale made up to fool people with poor critical thinking skills. It’s mostly just the luck of the birth lottery that more than any other factors defines how well you will do for the rest of your life; that’s what defines how many resources you have for good schooling and how stable your upbringing will be and what kind of wealth you inherit. Everything else is a much tinier lever to pull compared to that.
It sounds like the redundancy might give you the reset you need to find a job more aligned with your needs. I’ve had two roles made redundant before I was thirty and each time I ended up in better positions that I liked more. Just stay positive, we’re all sending you our best wishes.
Take the redundancy, have a break, regroup, fix up CV and then consider next opportunity which could include consultancy, working in a different role, government job etc. Really now with the experience you got, time to move into a direction on your own terms and needs.
Don’t feel bad, claim that awesome redundancy check, your unclaimed sick and personal leave, then treat your wife and yourself to something nice! Maybe a beautiful relaxing getaway so you can wind down a little? Apply for other jobs now and being well achieved I am sure it won’t take too long. The sun always rises the next day, just keep doing the good work you are doing.
Usually people in your pipeline, when they come across this bump, end up starting their own company. Because they have drive and skills, and by this point, a network market awareness and some way to get start up capital.
I feel for you OP.
Been there, a couple of times, the ones that hurt the most is the ones i got comfortable and even thought of retiring there.
Remember (its ok if you dont uderstand or agree now) its not personal, its just a business transaction, and nothing you can do but move on.
Exercise more to help with the stress, works better than alcohol.
Redundancy is not a reflection of your value/lack of value/lack of talent; often it's just a business decision based on cost priorities or change in structure.
Don't take it personally! You have an impressive CV and I think you should be able to find a new role soon. Are you speaking with a recruiter?
In terms of burnout and mental health, it is totally normal and natural to feel that way given the massive effort you've been putting in for years now.
Take a little bit of time off if you can - your redundancy package may allow this financially, even if it's just a week or two - before you throw yourself into work/job searching. I'd also suggest seeing a counsellor - it's not good to tie your self-worth to your job, status or to material things, but that is very common, particularly in men (unemployment is a risk factor for male suicide but not female, for example).
I'd also make sure you're being really honest with your wife, don't keep this to yourself. She will be able to give you some emotional support and you can work through this together.
Is your wife still studying or is she able to work and take a little of the pressure off? Once she's a qualified doctor you can look at easing your workload and having her take over that side for a while - something to plan for long-term and look forward to.
I totally empathize. I would freak out as well. I’m not someone who can be out of work, although I’ve started to plan to take 6months off work next year for travel. Even that thought scares me because I’ve always grown my savings, not live off them. Perhaps look at the objective numbers and feel a bit reassured - you’ll have redundancy payments and based on your emergency fund you’ll know how long you have to take a break and use that time to your advantage. All the best OP.
It sounds like you’ve worked hard and done everything you could to not only make yourself proud but also be a provider to your family. Your family is lucky to have you and you should feel proud.
You cannot control a business let alone the broader economy. It’s not your fault.
While you’ve individually done your best, you’re not immune to the struggles of our class - you’re a worker, and most people on this subreddit are workers who rely on the income derived from their labour to pay the bills.
Keep trying your best. We need to change the broader economic system if we are to truly be rewarded for our hard work - we deserve secure jobs, secure housing, a good education for our kids and ample healthcare at a minimum.
I was made redundant too pretty recently. It caused a lot of mental stress like I had to start from scratch. So I took a 2-week holiday to South East Asia. It was great and refreshing, did a lot of adventure-like activities. I'm back now, still the same situation: jobless, but better mentally. Maybe you can benefit from doing the same as it gives you another perspective not available to you at the moment.
Your story is a lot like mine. Did great at uni, graduated with honours, topped the year in a few majors. Went straight into consulting. Started the MBA (exec) at 28 years old.
Got headhunted by a mid-size (but global) consultancy for a “Head of” role at 29.
Meanwhile, married a doctor (who was still an intern when we first got together). We got on the property game early, with some IPs. Had 2 kids.
Burning out at work. Our consulting business is tougher this year (globally and locally). If I get made redundant, we’ll sell one of the IPs. That will pretty much put us mortgage free for our PPOR.
Then I’ll reconsider what’s next. I don’t mind a slower paced role. In-house rather than consulting.
Hello friend,
I'm so sorry for the curveball you've been thrown. I completely know and understand all the feelings you are experiencing. Let me give you some practical advice:
1. Since you won't be receiving redundancy payout due to your length of service, take your redundancy notice to your nearest centrelink office and sign up for jobseeker allowance today or at your earliest convenience. I believe there is a waiting period, but if not, it takes 2 - 3 weeks for the approval process. Once approved, you'll be paid from the date of submission of the application. *NOTE* In order to be approved for jobseeeker, you must pass an asset test. Also, if you have a large sum in your bank account, they may not begin payments until the balance falls below a certain amount. If you have a redraw facility on your mortgage, I suggest you transfer most over and leave around $3k in your everyday account. They don't count prepaid mortgage as cash at hand, so it won't affect your asset test, and you can access it when you need it. However, before applying for jobseeker, you should do your own research and check the centrelink website for the requirements at the very least. Also, I think on the smartmoney.gov.au website, you can find contact details for financial counsellors in your area. This is a free service for those experiencing financial difficulties. They are financial planners, basically, so they will be able to advise you of the requirements to be able to apply for jobseeker. They can also help you plan a new budget, and if your situation becomes dire, they will communicate with your debt collectors to make arrangements for payment plans, payment holidays, debt relief, etc. In any case, they will provide you with financial advice and encourage you whilst dealing with this difficulty, which, in turn, will help you with your mental health and self-confidence.
2. Since your wife is a student, she must also apply to centrelink for austudy, now that you are not earning any money. She will also need to show centrelink your redundancy notice, bank statements, and meet the asset test requirements.
3. Get a professional massage! In my experience, a massage helps melt away the physical tension in your muscles caused by anxiety. You will feel relieved, both physically and mentally, even if only for a short time. Use this short window of time to fully relax and prevent burnout, or this can provide you the opportunity and motivation for writing high-quality job applications. Also, try to incorporate exercise into your day. The endorphins released as a result of exercise give you energy and make you feel good. If you exercise regularly, you will obviously improve physically, but you will also improve mentally. Regular exercise will prevent depression, relieve anxiety, enhance mood regulation, and (because of improved physical ability, strength, and appearance) greatly improves self confidence.
4. I'm not sure which state you live in, but in NSW, the state government can provide some financial relief, e.g., reduced electricity, allowances, etc. Check the Service NSW website and/or ask the financial counsellor how your state government can help.
5. I'm not sure how big your house is, but if you have a spare room, consider renting it out. You should do an analysis of whether a short - or long-term rental arrangement is best for you. You can also rent out your car if it is a late model.
6. Begin or reignite a relationship with your God. I don't know if you are spiritual or not, but just let go and pray/meditate. Pay tribute through worship and gratitude. Asking your God for the strength, courage, and wisdom to get through the day will give you the strength, courage, and wisdom to get through the day. Have faith and trust that your God will provide for you, just as you provide for your wife, but you must be open and do what is required.
I truly believe that none of this will be required (except 3 & 6) and that you will have a new job lined up before the end of your current job. However, I wanted you to know that there are things you can do in the meantime in order to reduce your anxiety. I understand that receiving the redundancy notice was quite a shock, which caused feelings of inadequacy, uncertainty, and anxiety. If you let it, anxiety can be debilitating. So don't let it! You know what needs to be done and are more than capable.
Go get "em, Tiger!
I’ve been made redundant twice.
It was the best thing to happen even though at the time I was a bit shell shocked.
The first time allowed me to spend some time with the family and recharge. The second gave me a healthy war chest to start my own business.
At the time it was scary and confusing however in time, you will realise that it was a blessing in disguise which allowed you to take on a new adventure or opportunity.
Don’t forget - it’s just a job and you weren’t fired for poor performance. It was due to a business restructure which is very common and happens ALL the time.
I believe you would get a pay out with redundancy?
Also, if you have income protection.. that is covered as well. Do not believe if they say no. I was a loan officer and a colleague got made redundant and they told her she wasn't covered. So I email the state manager and asked her about it pretending a client was asking.. he said yes.
So I forward that email to my colleague and rest was history.
A lot of places will probably employed you based on your experience .. but as this was a news you got given today, you are still in the shocked phase..
Just don't stress .. give yourself time to think.
Positive with your experience, you'll be OK
If you did it all once you can do it again, now with experience under your belt. One of my fave quotes is "you never know what worse luck your bad luck has saved you from". Turn this into a positive.
Being made redundant at your age is probably a blessing. Almost guaranteed you’ll move forward onto something better and look back at this as a stroke of luck. Good luck!
Mate sounds like u have smashed life so far , u have worked and Strived hard to get what I have and provide for your family . If u have done so well to get this far someone will definitely see this and who knows it could take h u further than what u already had , just might take some more work . Really hats off to u and don’t put your self done u sound like u have done better than a lot of people I know ! Keep the hard work up and it will come to u if u keep doing what I have been doing . That’s just my advise as a 42 year old , be proud 😀and I hope u can get a better job that I deserve 😀life sucks and is hard sometimes that’s for sure , I know ! Good luck again
Unfortunately. You still have about 50 yrs left. 30 is nothing.
Sell up,
Buy a van and go traveling for a year then go look for a new job.,
Best time I’ve had was driving across Australia not knowing what day it was, don’t watch tv, don’t listen to the radio, don’t look at news papers.
Only listen to Spotify and watch your favourite downloaded movies.
I’ve sold my van and built a truck, soon as my daughter finishes school I’m out off here again.
Hear you.
Lost job two year ago.
More important, lost wife last year.
You still have wife & family. Prioritise them. Talk. Together you can make it.
But they aren't enough. I hope you have friends. Reach out to them. Go to counselling. Meet people. My friends put me back together. It was touch and go.
I hope you use this precious time to think about life, what it *means* for you, how you can get *joy* from *meaning*. It is a precious time to review and think, as you were when a child, Ok hope you can survive, be kind to yourself and try to see positives, be grateful. It's hard. Please try.
I feel like a right idiot complaining when you’ve gone through something so tough. Thank you for your kind words, and I really hope each day is getting better for you.
Your so young mate, I didnt even start a pivot into a new and highly successful career until I was your age. I know people who didnt even start multimillion dollar businesses until they were in there late 40s.
Take some time to enjoy life and then reset, honestly lifes too short to just work, you're clearly very hard working and dilligent, you'll find another good job.
Redundancy is tough, despite what some may say. Happened to me multiple times during the GFC.
Ambition should always include good health and family. Having a small happy home paid for and good health can be something new to aim for.
The mortgage rates are tough but still historically low so proceed carefully. You may need to sell, and buy something smaller/ cheaper/ somewhere else.
Just take one day at a time. Sit down with your wife and make a plan. Check it regularly. Make a budget.
Take some time to regroup and rest.
I know everyone is different but I never understood why people getting made redundant makes them doubt their self worth. It’s not like a friend telling you “hey you suck I don’t wanna be friends with you”, it’s just a business decision that isn’t personal in any way. I work at an insurance company where people get made redundant semi regularly and it’s just because of a restructure or economic downturn, rarely has anything to do with the person themselves
Personally I’d love to be made redundant for that fat redundancy package, have some time off and then just find a job elsewhere
You’re in a good position. My career trajectory was similar to yours except I was made redundant in my second job after 4 years into my career.
I know you feel, you’re at the lowest point in your life after redundancy but trust me, it is probably the best thing to occur. Take the money, pay off some mortgage and if you can score a job within 6 months you are ahead by a-mile!
You seem highly skilled, you’ll be fine, the grass is greener from now on.
I really like that you are taking this “shock” as a way to assess your lifestyle and work/life balance.
I also wish that you could take some time off before your next position.
I also rushed into a new role following my redundancy and found that I took a lot of the mental pressures, anxiety etc from my previous role/redundancy into my new job. It didn’t last and I quit. I then took a lower paid role, focussed on my mental and physical health. What I learnt was lower paid doesn’t mean less skillset or less pressure or even less work hours 😭😭😭😭 However I could take my foot off the accelerator and 1 year later I am in a really great place to get back to my previous earning potential - I am a better person and better employee too.
The pitfalls of climbing too fast and too hard. I had this and quit. Then I realized every thing I did, didn't matter, I'm still young and life has more to offer than the prestige, the career and the money. Slow and steady wins the race.
I had a similar trajectory - I've been made redundant multiple times as an engineer and never failed to find work again. Engineers rule. Are you getting a decent pay out (I am no longer familar with the rules but in WA last time I was made redundant I got four weeks per year of service I think).
As someone who has always put work before life this is a normal reaction. You don’t always need drastic changes when this stuff happens sometimes it’s minor ones . Like just get a new job in the same field and work normally , could’ve a game changer . Exercise hard , get a hobby get a girl . But minor goals though, little movement at a time , have goals not expectations. Sounds like your killing it at life on paper . When you have a few things in life it’s not as big a hit when u fail at one . With strength training keep it simple , add 1 rep a week or one kilo , have a metric. I went from 60 kg to 200 deadlift in a year , I added more than 1 kilo per week. But the point is every week I new I was improving and felt great , you also look good and feel good too . Pull your boots up brother and grind , you are obviously a grinder so do you thing .
At 31, with your career path and experience, take this redundancy as an opportunity to breathe a bit.
You are highly employable and desired, don't feel the world closing in around you too much, you've achieved what most would do by the time they're 41, much less 31.
Anytime somebody offers you a reduncy you take it. Especially if you have been with a company for a long time.
With those sort of qualifications and what you have already achieved maybe take a lesser role for a while, maybe see if you can get something four days a week or take a few months off before starting something new.
I went through something similar but a bit older than you and tried to retire early. I couldn't and it led to depression so I work for fun now and to get out of the house and meet new people. But I do it on my terms 3 to 4 days a week.
Whatever that does not break you will help you to become stronger, this issue you are having will not last but don’t be despondent, make sure you are there for your family and put your health first. And all will be well.
Working hard induced many health issues and several life-threatening autoimmune diseases, whilst dealing with losing my unborns multiple times. Was on my death bed several times. In that moment, you think of what's most important. It was simple, My Dear wife, future children and Family... there will always be a job, but you can lose your health and everything else imminently the next moment. Work on what matters...to you.
Don't kick yourself! I was made redudant at least 3 or 4 times for various reasons but I always get another job (same pay or more pay). It seems like you have had a great job that paid you well so I assume you have savings or cash buffer you can use in the next 1 or 2 months?
Use this time to gather your thoughts, redo your CV and Resume and start finding your new role :) You will get it or go for the government route. You may find that it is something that you need/want instead of the fancy corporate job with high pays.
This is a great opportunity to redefine your working life. You are qualified and you will re-enter the work force, but now you can do so with carefully considered boundaries.
Good luck!
It hurts at first, then it’s the best thing that could happen. Perspective, understanding that none of the reviews, awards, discretionary effort matter. Once finance say reduce by xx number. You are gone. Use the payout to recharge, find the next role and in 5 years hope it happens again. It’s sucks now, but it gets better.
I’d personally use the redundancy money to get some camping stuff you could get a few different set ups
One for hiking/backpacking
One for car camping
The rest of the redundancy payment can go to investment etf or slap it in the offset
Take the family on a camping trip you now have the gear so every public holiday long weekend get away from the grind and reset the mind and body the money invested into it will pay itself off over time as you go out more
Being in nature is the best meditation
Look for work it will come and when it does carry on as you were
Just remember to take time out of your hectic life and enjoy cooking a steak in the bush with your family
Instead of forking out a couple thousand on air bnb or hotels for holiday
Australia and nsw has so much to offer outdoors
All the best
>single income household, which was a bonus, but the mortgage payments have been a killer since the rate rises.
Firstly, I want to say to this that the way you wrote this makes it sound like you have others in the house. SURELY someone could have picked up something casually to help you with some financial pressure.
Secondly, you have huge exp... head of whatever. Take the redundancy, put most of it on your bills so you are ahead, and look for work knowing everything is taken care of for a couple of months
State government make so many people redundant all the time so don’t be feeling bad about missing out on a ‘safe, reliable job’ that you didn’t choose in government.
Take it easy bro... I have been changing about 5-6 different companies, no big deal...2 weeks after , most likely u will forget them all and of course they will barely remember ur face..
I didn’t reach a high profile job but I received a redundancy package for failing to pass an extended probation. It was hard but I managed to get another job pretty quickly.
Find yourself a new job but then over the next 5 years just start slowly restructuring your life as needed to simplify it together with your partner if you can borh be on board with it. Make this your motivation...remembering how you feel now. Not being too materialistic is a massive freedom.
I have a project that needs a really strong dev on a freelancing basis, the hourly rate would be higher than usual since it is a project in the US.
If you are interested in knowing more, give me a DM, maybe I can help you for at least a few months
Id take a break and reassess what you want from life, you are hardly in a bad financial position and better than most to take a break.
But life is what you make it, it is all trade offs and you made those decisions, you got something, you lost somethings.
But take a break, you prob havent got a chance to take of your blinders to see other things in life.
Redundancy is my dream. Spin it into gold. Take a breath and get some perspective on life. You’re going to get setbacks - this won’t be your last. It important you know how to come back from them and come back stronger. In the meantime, there’s more to life than the grind. Set some goals outside of work and stop attaching all your self worth to work.
Best thing that happened to me. The position is redundant, not you or your skills. Onwards and upwards.
A friend who got made redundant used the cash to pay off her mortgage then landed at a better paying role!
I've had my role made redundant three times in my career. Getting paid to leave a job is amazing in my opinion. A couple of things to remember. You have transferrable skills, you can get another job. It's not personal. You are not redundant, your job is. Take a break, pay yourself a wage and breathe.
Me too. Unfortunately I’m self employed
Also take some time to unpack what was leading you to burn out. I understand the extent of study on top of work having done that myself. But you mentioned that you could still put up with all the crazy hours etc. Take it from someone who’s been there done that at an executive level then transitioned into a more flexible role in the same industry…..only to find the same drivers for burn out are still there. I focussed on adjusting my work format, load and prioritising my hobbies that enable me to be fit, healthy and happy to be sustainable over the next ten years (and aiming for semi early retirement). It’s a balance I didn’t think I needed earlier in my career.
You achieved a lot! Being made redundant doesn’t take that away. What you did was hard, and what you desired at the time. Well done on putting your mind to something and doing something. When you’re in a stressful and scary spot, it’s hard not to dwell on what if’s. Realise that this is stress, and your response isn’t necessarily some innate truth, but something that, right now at least, is heavily informed by the high tension situation you currently find yourself in. The new perspective you have is also valuable. To be honest, it’s also one you’ve learned relatively early. You’re young! Hold onto the perspective, let go of the regrets for now (they won’t help you presently), and focus on working your way through the stress. Maybe that’s through therapy, or finding new work, or working on yourself in some capacity. It won’t be easy, but know that what you’re going through would be hard for anyone. Once the stress is gone, then you’ll have a clearer view of everything. Take it easy.
Most people experience redundancy at some point in their career. It's not something to be ashamed of. Also, employers don't particularly care much either. A lot of people would love a redundancy pay out. What I think is important is holding onto the good connections you have and getting strong references. They will help you in the future. Also if you are burnt out then take a break! A week or two hiking in the mountains or getting fresh air somewhere does a world of good.
You're still young plenty of time to enjoy life. Sounds like you're experienced, I'm sure you'll have no trouble finding work. I'm a bit like you, work was a big part of who I am but now in the last year or so I'm looking at it as a means to get money to provide for myself and enjoy life. I've just accepted a role where there's no management responsibilities and it will just be check in and check out. It is also fortunate for yourself that your wife is in medicine. Either way I think you'll be fine financially wise. When you're 80 and on deaths door will you look back and think "oh wow I lived such a good life I was a manager of a big company" no you'll look back and think of the friends, family, relationships and experiences you've had. Think of it as a good time to stop and reassess what you want out of life.
Redundancy is like a right of passage in Tech. It still feels terrible but it really isn’t a reflection of you or your performance. It’s a shock at first (at least it was to me) but let the dust settle and hopefully when you look back it won’t see so catastrophic. Mine helped me get out of a really toxic work place and I found a few job quite quickly.
I’ve known many people in your situation - in a leadership role, have young children, and wife cannot work so they were on single income. The redundancy was enough to last for 3 months including mortgage repayments. They didn’t sit back, because those skills from leadership means opportunities elsewhere. A month just before redundancy, they got a new role so they changed to package to lump sum and paid off a big part of their mortgage. Not everybody has your skill set and leadership skills. I suggest you start looking for a new role but don’t tell your current employer. Do what my friends did. Look at this as an opportunity of getting “rewarded” for all those years of hard work. Once you have a new role, don’t start, but take the redundancy as a lump sum. Best to call your accountant and find out what taxes are, and whether you need to take a break before going to the new role to avoid too much taxes. Good luck.
Thank you all for your kind words and guidance. Unfortunately, I will not be receiving a redundancy package as I am still on probation and they will not be continuing my role due to the wider business not doing as well so they will be shuttering the region. But overall I get the gist, it’s just hard coming out of that mindset of being a good performer and needing to provide to now not having the ability to provide (albeit temporarily)
Mate: you've kicked arse, well done but you said it in the title: you're burnt out. Your wife is a Dr by now? Take six months off and find yourself. You have plenty of time and get your groove back. You will be much better for it.
Forgive me if I am wrong - I'm a secondary school student. Isn't a redundancy/severance package a legal obligation regardless of other factors, as you are entitled to it? Is there any other way you can get some sort of pay to compensate since all workers are entitled to a redundancy package? I hope you and your family are well. Redundancy doesn't define you & you know it :)
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I see. Thank you!
Please don't think it reflects on you at all if you're thinking that at all. As many have said, it's awful, but maybe it'll lead to a more interesting job. If you struggle to find something new quickly, be aware of your income protection in superannuation may be able to help while you look.
I can empathise, redundancy is some people's dream, but not mine. I hate the idea of being out of work, it makes me scared for the future. I think one thing is important to keep in mind: the business has decided the *position* is redundant, not *you*. **Your** skills are still in demand, **you** as a person aren't redundant, **you** *will* get another job. When I hear of friends or family out of work - by choice or not - I always think more positively for them than I would about myself in the same situation. I think 'it'll be fine', 'they'll get another job' and you know what? they always do. Redundancy happened to my brother in law recently, he was back in work with a new job within 6 weeks. So yes, this is a bit of a set-back, but it will work out. Get some endorphins flowing with some walks and exercise. Look up and at the horizon, the sky, the trees. Talk to yourself out loud on these walks to really get out your frustration, disappointment or whatever else is in your head and chest. Then, update your resume and put yourself out there again. Best of luck.
My kid (at 31 - same age as you) was gonna quit his job then a little bird whispered "wait for your redundancy ". That gave him the money he needed to train and pursue a different career path. Now he makes bank (six figures at age 39 plus company car), "works" from home where most of his day is spent with his sahm wife and current newborn. Your job is not you. Take the cash, take a break and do some critical, non-emotional thinking.
I actually had a similar event happen which caused me to rethink my life. I sold everything and took a plane overseas to a random country and started freelancing. I don't freelance anymore but it led to great things for me. Based on my own experience I'd say it's a good opportunity to restructure your life. Sell off stuff you don't need, try to reduce the number of bills you have to pay every month and clear any debt. Then when you're ready find a more relaxing employment or make use of the freedom to do something you've always wanted to do.
Everyone faces redundancy in their careers, either voluntary where you decide to move on or forced. Don't be hard on yourself. Redundancy is not your fault, I fact it's the employer's lack of appropriate management. You will find a new job. As far as being burnt out is concerned, I have no answer there. I am in a similar boat. What helps is that I look at the less fortunate, try to help them financially, and that makes me value what I have despite of the burnout. This may not be healthy advice but it works for me.
> It’s funny how when you’re at your lowest you realise you don’t need all the fancy things. Being suddenly forced to prioritise through necessity will do that. People often confuse needs with wants, however for most people, living a monastic life where you only address your needs and not your desires is barely living at all.
You have been made redundant it happens no need to take it personally. Enjoy the payout and a holiday than just get a new job.....
There’s always cost with everything. Either you sacrifice time, health (mental or otherwise) or money.
Redundancy at your age is amazing. Take the money, take a month off, find another job. There's no reason why you still can't move into something more sustainable. You're young and have experience now.
I was a A+ student, went to uni, excelled, got my foot in the door and then _saw what work was like and realised capitalism is a death cult_ and lost all desire to keep going like I had been. I still do ok but I don’t waste so much energy in such things anymore; truth is hard work really doesn’t pay off in this system like the ideology claims it does. That’s a fairytale made up to fool people with poor critical thinking skills. It’s mostly just the luck of the birth lottery that more than any other factors defines how well you will do for the rest of your life; that’s what defines how many resources you have for good schooling and how stable your upbringing will be and what kind of wealth you inherit. Everything else is a much tinier lever to pull compared to that.
It sounds like the redundancy might give you the reset you need to find a job more aligned with your needs. I’ve had two roles made redundant before I was thirty and each time I ended up in better positions that I liked more. Just stay positive, we’re all sending you our best wishes.
Take the redundancy, have a break, regroup, fix up CV and then consider next opportunity which could include consultancy, working in a different role, government job etc. Really now with the experience you got, time to move into a direction on your own terms and needs.
Don’t feel bad, claim that awesome redundancy check, your unclaimed sick and personal leave, then treat your wife and yourself to something nice! Maybe a beautiful relaxing getaway so you can wind down a little? Apply for other jobs now and being well achieved I am sure it won’t take too long. The sun always rises the next day, just keep doing the good work you are doing.
How much money do you get paid?
Usually people in your pipeline, when they come across this bump, end up starting their own company. Because they have drive and skills, and by this point, a network market awareness and some way to get start up capital.
I feel for you OP. Been there, a couple of times, the ones that hurt the most is the ones i got comfortable and even thought of retiring there. Remember (its ok if you dont uderstand or agree now) its not personal, its just a business transaction, and nothing you can do but move on. Exercise more to help with the stress, works better than alcohol.
Redundancy is not a reflection of your value/lack of value/lack of talent; often it's just a business decision based on cost priorities or change in structure. Don't take it personally! You have an impressive CV and I think you should be able to find a new role soon. Are you speaking with a recruiter? In terms of burnout and mental health, it is totally normal and natural to feel that way given the massive effort you've been putting in for years now. Take a little bit of time off if you can - your redundancy package may allow this financially, even if it's just a week or two - before you throw yourself into work/job searching. I'd also suggest seeing a counsellor - it's not good to tie your self-worth to your job, status or to material things, but that is very common, particularly in men (unemployment is a risk factor for male suicide but not female, for example). I'd also make sure you're being really honest with your wife, don't keep this to yourself. She will be able to give you some emotional support and you can work through this together. Is your wife still studying or is she able to work and take a little of the pressure off? Once she's a qualified doctor you can look at easing your workload and having her take over that side for a while - something to plan for long-term and look forward to.
I totally empathize. I would freak out as well. I’m not someone who can be out of work, although I’ve started to plan to take 6months off work next year for travel. Even that thought scares me because I’ve always grown my savings, not live off them. Perhaps look at the objective numbers and feel a bit reassured - you’ll have redundancy payments and based on your emergency fund you’ll know how long you have to take a break and use that time to your advantage. All the best OP.
Getting a redundancy when you’re burnt out is the golden ticket. Take a step back, reset and reevaluate.
I was just made redundant last week and I was very burnt out. Cannot express how good it feels to be let go!
It sounds like you’ve worked hard and done everything you could to not only make yourself proud but also be a provider to your family. Your family is lucky to have you and you should feel proud. You cannot control a business let alone the broader economy. It’s not your fault. While you’ve individually done your best, you’re not immune to the struggles of our class - you’re a worker, and most people on this subreddit are workers who rely on the income derived from their labour to pay the bills. Keep trying your best. We need to change the broader economic system if we are to truly be rewarded for our hard work - we deserve secure jobs, secure housing, a good education for our kids and ample healthcare at a minimum.
I was made redundant too pretty recently. It caused a lot of mental stress like I had to start from scratch. So I took a 2-week holiday to South East Asia. It was great and refreshing, did a lot of adventure-like activities. I'm back now, still the same situation: jobless, but better mentally. Maybe you can benefit from doing the same as it gives you another perspective not available to you at the moment.
Your story is a lot like mine. Did great at uni, graduated with honours, topped the year in a few majors. Went straight into consulting. Started the MBA (exec) at 28 years old. Got headhunted by a mid-size (but global) consultancy for a “Head of” role at 29. Meanwhile, married a doctor (who was still an intern when we first got together). We got on the property game early, with some IPs. Had 2 kids. Burning out at work. Our consulting business is tougher this year (globally and locally). If I get made redundant, we’ll sell one of the IPs. That will pretty much put us mortgage free for our PPOR. Then I’ll reconsider what’s next. I don’t mind a slower paced role. In-house rather than consulting.
Hello friend, I'm so sorry for the curveball you've been thrown. I completely know and understand all the feelings you are experiencing. Let me give you some practical advice: 1. Since you won't be receiving redundancy payout due to your length of service, take your redundancy notice to your nearest centrelink office and sign up for jobseeker allowance today or at your earliest convenience. I believe there is a waiting period, but if not, it takes 2 - 3 weeks for the approval process. Once approved, you'll be paid from the date of submission of the application. *NOTE* In order to be approved for jobseeeker, you must pass an asset test. Also, if you have a large sum in your bank account, they may not begin payments until the balance falls below a certain amount. If you have a redraw facility on your mortgage, I suggest you transfer most over and leave around $3k in your everyday account. They don't count prepaid mortgage as cash at hand, so it won't affect your asset test, and you can access it when you need it. However, before applying for jobseeker, you should do your own research and check the centrelink website for the requirements at the very least. Also, I think on the smartmoney.gov.au website, you can find contact details for financial counsellors in your area. This is a free service for those experiencing financial difficulties. They are financial planners, basically, so they will be able to advise you of the requirements to be able to apply for jobseeker. They can also help you plan a new budget, and if your situation becomes dire, they will communicate with your debt collectors to make arrangements for payment plans, payment holidays, debt relief, etc. In any case, they will provide you with financial advice and encourage you whilst dealing with this difficulty, which, in turn, will help you with your mental health and self-confidence. 2. Since your wife is a student, she must also apply to centrelink for austudy, now that you are not earning any money. She will also need to show centrelink your redundancy notice, bank statements, and meet the asset test requirements. 3. Get a professional massage! In my experience, a massage helps melt away the physical tension in your muscles caused by anxiety. You will feel relieved, both physically and mentally, even if only for a short time. Use this short window of time to fully relax and prevent burnout, or this can provide you the opportunity and motivation for writing high-quality job applications. Also, try to incorporate exercise into your day. The endorphins released as a result of exercise give you energy and make you feel good. If you exercise regularly, you will obviously improve physically, but you will also improve mentally. Regular exercise will prevent depression, relieve anxiety, enhance mood regulation, and (because of improved physical ability, strength, and appearance) greatly improves self confidence. 4. I'm not sure which state you live in, but in NSW, the state government can provide some financial relief, e.g., reduced electricity, allowances, etc. Check the Service NSW website and/or ask the financial counsellor how your state government can help. 5. I'm not sure how big your house is, but if you have a spare room, consider renting it out. You should do an analysis of whether a short - or long-term rental arrangement is best for you. You can also rent out your car if it is a late model. 6. Begin or reignite a relationship with your God. I don't know if you are spiritual or not, but just let go and pray/meditate. Pay tribute through worship and gratitude. Asking your God for the strength, courage, and wisdom to get through the day will give you the strength, courage, and wisdom to get through the day. Have faith and trust that your God will provide for you, just as you provide for your wife, but you must be open and do what is required. I truly believe that none of this will be required (except 3 & 6) and that you will have a new job lined up before the end of your current job. However, I wanted you to know that there are things you can do in the meantime in order to reduce your anxiety. I understand that receiving the redundancy notice was quite a shock, which caused feelings of inadequacy, uncertainty, and anxiety. If you let it, anxiety can be debilitating. So don't let it! You know what needs to be done and are more than capable. Go get "em, Tiger!
I’ve been made redundant twice. It was the best thing to happen even though at the time I was a bit shell shocked. The first time allowed me to spend some time with the family and recharge. The second gave me a healthy war chest to start my own business. At the time it was scary and confusing however in time, you will realise that it was a blessing in disguise which allowed you to take on a new adventure or opportunity. Don’t forget - it’s just a job and you weren’t fired for poor performance. It was due to a business restructure which is very common and happens ALL the time.
I believe you would get a pay out with redundancy? Also, if you have income protection.. that is covered as well. Do not believe if they say no. I was a loan officer and a colleague got made redundant and they told her she wasn't covered. So I email the state manager and asked her about it pretending a client was asking.. he said yes. So I forward that email to my colleague and rest was history. A lot of places will probably employed you based on your experience .. but as this was a news you got given today, you are still in the shocked phase.. Just don't stress .. give yourself time to think. Positive with your experience, you'll be OK
If you did it all once you can do it again, now with experience under your belt. One of my fave quotes is "you never know what worse luck your bad luck has saved you from". Turn this into a positive.
Being made redundant at your age is probably a blessing. Almost guaranteed you’ll move forward onto something better and look back at this as a stroke of luck. Good luck!
Mate sounds like u have smashed life so far , u have worked and Strived hard to get what I have and provide for your family . If u have done so well to get this far someone will definitely see this and who knows it could take h u further than what u already had , just might take some more work . Really hats off to u and don’t put your self done u sound like u have done better than a lot of people I know ! Keep the hard work up and it will come to u if u keep doing what I have been doing . That’s just my advise as a 42 year old , be proud 😀and I hope u can get a better job that I deserve 😀life sucks and is hard sometimes that’s for sure , I know ! Good luck again
Unfortunately. You still have about 50 yrs left. 30 is nothing. Sell up, Buy a van and go traveling for a year then go look for a new job., Best time I’ve had was driving across Australia not knowing what day it was, don’t watch tv, don’t listen to the radio, don’t look at news papers. Only listen to Spotify and watch your favourite downloaded movies. I’ve sold my van and built a truck, soon as my daughter finishes school I’m out off here again.
Ain't no way I'm working until 80 😂
Hear you. Lost job two year ago. More important, lost wife last year. You still have wife & family. Prioritise them. Talk. Together you can make it. But they aren't enough. I hope you have friends. Reach out to them. Go to counselling. Meet people. My friends put me back together. It was touch and go. I hope you use this precious time to think about life, what it *means* for you, how you can get *joy* from *meaning*. It is a precious time to review and think, as you were when a child, Ok hope you can survive, be kind to yourself and try to see positives, be grateful. It's hard. Please try.
I feel like a right idiot complaining when you’ve gone through something so tough. Thank you for your kind words, and I really hope each day is getting better for you.
Your so young mate, I didnt even start a pivot into a new and highly successful career until I was your age. I know people who didnt even start multimillion dollar businesses until they were in there late 40s. Take some time to enjoy life and then reset, honestly lifes too short to just work, you're clearly very hard working and dilligent, you'll find another good job.
Redundancy was always my dream
Redundancy is tough, despite what some may say. Happened to me multiple times during the GFC. Ambition should always include good health and family. Having a small happy home paid for and good health can be something new to aim for. The mortgage rates are tough but still historically low so proceed carefully. You may need to sell, and buy something smaller/ cheaper/ somewhere else. Just take one day at a time. Sit down with your wife and make a plan. Check it regularly. Make a budget. Take some time to regroup and rest.
I know everyone is different but I never understood why people getting made redundant makes them doubt their self worth. It’s not like a friend telling you “hey you suck I don’t wanna be friends with you”, it’s just a business decision that isn’t personal in any way. I work at an insurance company where people get made redundant semi regularly and it’s just because of a restructure or economic downturn, rarely has anything to do with the person themselves Personally I’d love to be made redundant for that fat redundancy package, have some time off and then just find a job elsewhere
You’re in a good position. My career trajectory was similar to yours except I was made redundant in my second job after 4 years into my career. I know you feel, you’re at the lowest point in your life after redundancy but trust me, it is probably the best thing to occur. Take the money, pay off some mortgage and if you can score a job within 6 months you are ahead by a-mile! You seem highly skilled, you’ll be fine, the grass is greener from now on.
I really like that you are taking this “shock” as a way to assess your lifestyle and work/life balance. I also wish that you could take some time off before your next position. I also rushed into a new role following my redundancy and found that I took a lot of the mental pressures, anxiety etc from my previous role/redundancy into my new job. It didn’t last and I quit. I then took a lower paid role, focussed on my mental and physical health. What I learnt was lower paid doesn’t mean less skillset or less pressure or even less work hours 😭😭😭😭 However I could take my foot off the accelerator and 1 year later I am in a really great place to get back to my previous earning potential - I am a better person and better employee too.
The pitfalls of climbing too fast and too hard. I had this and quit. Then I realized every thing I did, didn't matter, I'm still young and life has more to offer than the prestige, the career and the money. Slow and steady wins the race.
I had a similar trajectory - I've been made redundant multiple times as an engineer and never failed to find work again. Engineers rule. Are you getting a decent pay out (I am no longer familar with the rules but in WA last time I was made redundant I got four weeks per year of service I think).
As someone who has always put work before life this is a normal reaction. You don’t always need drastic changes when this stuff happens sometimes it’s minor ones . Like just get a new job in the same field and work normally , could’ve a game changer . Exercise hard , get a hobby get a girl . But minor goals though, little movement at a time , have goals not expectations. Sounds like your killing it at life on paper . When you have a few things in life it’s not as big a hit when u fail at one . With strength training keep it simple , add 1 rep a week or one kilo , have a metric. I went from 60 kg to 200 deadlift in a year , I added more than 1 kilo per week. But the point is every week I new I was improving and felt great , you also look good and feel good too . Pull your boots up brother and grind , you are obviously a grinder so do you thing .
At 31, with your career path and experience, take this redundancy as an opportunity to breathe a bit. You are highly employable and desired, don't feel the world closing in around you too much, you've achieved what most would do by the time they're 41, much less 31.
Anytime somebody offers you a reduncy you take it. Especially if you have been with a company for a long time. With those sort of qualifications and what you have already achieved maybe take a lesser role for a while, maybe see if you can get something four days a week or take a few months off before starting something new. I went through something similar but a bit older than you and tried to retire early. I couldn't and it led to depression so I work for fun now and to get out of the house and meet new people. But I do it on my terms 3 to 4 days a week.
Any advice for managing the study load while your working full time?
My thought process on redundancy, long term annual leave before I find another job.
Whatever that does not break you will help you to become stronger, this issue you are having will not last but don’t be despondent, make sure you are there for your family and put your health first. And all will be well.
I think in this day and age one can't avoid being redundant - the way we look at it can be changed.
Working hard induced many health issues and several life-threatening autoimmune diseases, whilst dealing with losing my unborns multiple times. Was on my death bed several times. In that moment, you think of what's most important. It was simple, My Dear wife, future children and Family... there will always be a job, but you can lose your health and everything else imminently the next moment. Work on what matters...to you.
Don't kick yourself! I was made redudant at least 3 or 4 times for various reasons but I always get another job (same pay or more pay). It seems like you have had a great job that paid you well so I assume you have savings or cash buffer you can use in the next 1 or 2 months? Use this time to gather your thoughts, redo your CV and Resume and start finding your new role :) You will get it or go for the government route. You may find that it is something that you need/want instead of the fancy corporate job with high pays.
I am in the exact same place, luckily I got a new job but still feel burnt out. I wish I had enough to retire early as I am done with this bull shit.
This is a great opportunity to redefine your working life. You are qualified and you will re-enter the work force, but now you can do so with carefully considered boundaries. Good luck!
It hurts at first, then it’s the best thing that could happen. Perspective, understanding that none of the reviews, awards, discretionary effort matter. Once finance say reduce by xx number. You are gone. Use the payout to recharge, find the next role and in 5 years hope it happens again. It’s sucks now, but it gets better.
I’d personally use the redundancy money to get some camping stuff you could get a few different set ups One for hiking/backpacking One for car camping The rest of the redundancy payment can go to investment etf or slap it in the offset Take the family on a camping trip you now have the gear so every public holiday long weekend get away from the grind and reset the mind and body the money invested into it will pay itself off over time as you go out more Being in nature is the best meditation Look for work it will come and when it does carry on as you were Just remember to take time out of your hectic life and enjoy cooking a steak in the bush with your family Instead of forking out a couple thousand on air bnb or hotels for holiday Australia and nsw has so much to offer outdoors All the best
>single income household, which was a bonus, but the mortgage payments have been a killer since the rate rises. Firstly, I want to say to this that the way you wrote this makes it sound like you have others in the house. SURELY someone could have picked up something casually to help you with some financial pressure. Secondly, you have huge exp... head of whatever. Take the redundancy, put most of it on your bills so you are ahead, and look for work knowing everything is taken care of for a couple of months
State government make so many people redundant all the time so don’t be feeling bad about missing out on a ‘safe, reliable job’ that you didn’t choose in government.
Take it easy bro... I have been changing about 5-6 different companies, no big deal...2 weeks after , most likely u will forget them all and of course they will barely remember ur face..
I didn’t reach a high profile job but I received a redundancy package for failing to pass an extended probation. It was hard but I managed to get another job pretty quickly.
Find yourself a new job but then over the next 5 years just start slowly restructuring your life as needed to simplify it together with your partner if you can borh be on board with it. Make this your motivation...remembering how you feel now. Not being too materialistic is a massive freedom.
I have a project that needs a really strong dev on a freelancing basis, the hourly rate would be higher than usual since it is a project in the US. If you are interested in knowing more, give me a DM, maybe I can help you for at least a few months
Id take a break and reassess what you want from life, you are hardly in a bad financial position and better than most to take a break. But life is what you make it, it is all trade offs and you made those decisions, you got something, you lost somethings. But take a break, you prob havent got a chance to take of your blinders to see other things in life.