Last week was a tough one around chez watercooler.
Generally I’d been a mostly curious observer of the financial crisis. Oh sure, our investment accounts are taking a hit right now, but our fund manager has been great (recommended pulling out of AIG about 6 months before the crisis began) and I’m confident our accounts have plenty of time to recover before we even think of retiring anyhow.
Also, with our variable rate mortgage & loans, the dropping prime lending rate has been nothing but good for us.
But the magnitude of what’s going on hit a bit closer to home last week. Because of the current financial outlook there was some necessary restructuring at work, and a number of my colleagues on Tuesday ceased to be colleagues as of Wednesday. And it sucked. Still does. I’ve been on both sides of “restructuring” before, and it’s a crap situation either way.
There’s a big part of me that gets a huge charge out of the tumultuous nature of these things when they happen in startups – when some unexpected chaos hits and everyone needs to change focus on a dime and pull together and everything gets kindof rough and wavy and frightening and exciting for a while. I do love it.
But then there’s the bit that realizes what it means for those who are no longer in the lifeboat and puts a bit of a damper on the whole thing.
And while (for various reasons that make sense, that I’m not at liberty to discuss here) I’m not nervous about being laid off in the immediate future, I’m not naieve enough to think that with the current global fiscal situation, things couldn’t rapidly swing again – expected or not. So I’m a bit personally financially paranoid, getting slush funds and some padding in order that we’ve been a bit lax on building up, and putting some other projects on hold while we do it.
I’m still not entirely convinced that the world is a scary place, but it’s getting a lot less comfortable these days.
So that’s where I’m at right now. I have a job, that I still love, that’s awfully exciting right now – especially since an incredibly shitty week is finally over. But I no longer consider myself not-quite-affected by the current financial crisis.
How about you?