Now it can be told.
Me and my 7-year employer (which bought my prior 15-year employer) parted ways at the end of May. Not for my performance, which was stellar.
The facts:
Those in the Consulting biz will understand this: nearly 100% utilization (85% goal), 2 years of work lined up, all reviews Excellent or Outstanding. Beloved by colleagues and clients (truly -- proof in a minute).
The reasoning: The Company wants people that do the "networking" thing. They want proof that you are contributing to The Company beyond just billing the hell out everything (my bill rate: $300/hr). It wasn't just me. The Company decided to eliminate many up-mid-level techies who don't Play The Game Well. My spies (I have many) tell me that a raft of people in my position (well paid, high tech performers, hands-on, knowledgeable) were purged. My "supervisor" has been put on death watch himself.
What is going on is that The Company doesn't really understand technical Consulting (they just lost a HUGE deal) and think you can offshore everything. Also, I am a bit older and, even though I promise you I keep my tech skills current, I don't Social Media because I don't think anyone gives a rat's ass that I just took a crap at the Starbucks at Wilshire & Westwood while waitring for a Frappe that has as many calories as Big Mac.
I look forward to watching The Company crash and burn when they realize they CAN NO LONGER DELIVER on their technical projects (as was already realized by one of the largest companies in the US).
Anyway, what did I do?
Of course, I went to my nearest Internet BB and whined and cried and complained about how I was set up.
Oh, wait, that isn't what I did at all.
One: I have never lost an argument, much less a job (/Charles Emerson Winchester III). No matter if it was senseless, it is demeaning, embarrassing and something I would prefer not to publicly admit (no offense my DC homies!). I aqm old-fashioned and capable of shame.
Instead, I took stock of my situation. Many years of thrift and decent investment put me in a pretty good cash position. I and Mrs. FD could go 2 years unemployed if I chose (I choose not). Let me note that Mrs. FD has been a rock throughout this. Without her support I would have probably collapsed and maybe even hit the bottle in a pity-party (I don't drink -- from choice, not AA).
Then I hit my networks HARD. I have dozens of clients and hundreds of people who I had a great relationship with. I have "worked miracles" in more than one place and always get along well with people (despite evidence on this board I really DO have a good sense of humor).
Let me wrap it up for one and all: After one week of terrible/no sleep and constant contact I have hung out my shingle, have work for the next 3 years or so lined up and actively working now and at about 40% more than my salary (truth!) I have to pay my own Health Care but that is not so terrible as all that: about $900/mo for me and the Mrs.
We were worried about what I would do when I retire and talked about going independent. Well, The Company forced my hand, and did me a HUGE favor by kicking me in the ass.
I have started an S-Corp (or C-Corp - my accountant is going back and forth) and will start getting a paycheck from me next month (as will Mrs. FD).
I am now either: self-employed or semi-retired. I don't care which. I am close enough to my Retirement "Magic Number" I expect to hit it next year based on the work I have lined up. My boss is an asshole but I can deal with him ;)
I have told this to no one on any site -- my family only knows part of the story.
No more mid-year/year-end reviews! No more stupid "What did you contribute to the Company?" year-end. No more "Give back to the Community" while having 25 people paint a fence that 1 could do in an hour (while getting free high-end catered lunch). I work for me. I call my hours and am answerable to no one, except the clients who only need deliverables.
Also: NO MORE TRAVEL!! After 3 million air miles and 1,500 hotel nights I am home and that is part of my contract. I am Plat for life at one airline and hotel chain so that works for me. I am getting healthier by the day!
Tobin is the polar opposite of we on this board. I am 100% sure any and all on this board if unexpectedly separated would do what I did: take a moment to mourn, look at options, decide on a plan, pull the trigger, live with the results.
You heard it here first.