Turbulence Ahead - fasten your seatbelt

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I have been debating weather to write about this or keep it to myself.  As you can tell, I decided to write it out. 

Bumpy skies are ahead for the airline industry. Every carrier has said they want to cut staff by 30 percent or so due to plunging demand. However the cares act has made it impossible to cut staff until October 1. That hasn’t stopped carriers from instituting pay cuts, hours reductions and resulted in offers made for summer off without pay or not work and earn 50% pay for sitting at home doing nothing on a month by month basis. Pay cuts implemented for those who either have to work or want to work.  Pay cuts currently in place may become permanent. 

On October 1 all bets are off. Many Companies are offering voluntary opt out packages to entice people to leave the company before furloughs and other involuntary job losses occur.

My company is not immune to wanting to reduce their labor costs. The programs to opt out are put together to entice Senior employees to leave- get the expensive labor off the books. We have been told that the opt out packages are the most generous they will ever be and if one is forced to leave it won't be anywhere near as generous as it is now.  The offer on the table is as good as it’s gonna get. 

So what is one to do? Stay and see what happens, leave with something or be eliminated and end up with nothing... With a workforce reduction that means all the work wall be spread out over fewer people. Who wants to stay to do more work for less money?  None of the options are particularly appealing.

The question to me becomes getting paid to leave the company or stay with no certainly.   Leave and not be able to find a new job? Stay and get fired and leave with nothing? Bet on myself 100% to reinvent myself again or stay to place odds on the Company?

If I leave now, my family is eligible for lifetime flight benefits and I get a handful of cash. If get laid off they get nothing and I probably won’t either.  What a mess. 

How hard is it going to be to get a job in the post corona world? What do I want my future to look like? Do I want cash in hand to figure it out?

I have until June 30 to figure it out.

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