Thursday, January 6, 2011

New Beginnings in my Household

Today my dad and all employees in the Annuities division at Genworth Financial were laid off -- a couple hundred, maybe more. Nothing personal, Genworth is just closing up shop on the annuities business.

Happy f'in New Year, right?

My dad has been working in the financial world since I was born, about 26 years. He's always been successful, well-respected, well-liked and at the top of whatever he does. He's never lost a job, been fired or laid off. In fact, as he's grown older he's become known in his world as the nice guy who's everyone's friend, hard-working and as loyal as they get. And he knows quite a few people after nearly three decades in the industry.

So, as you can imagine, when we got the news today it was a huge shock. You'd think someone like my dad who's a true veteran of this business would have more job security, even a tenure of sorts. Clearly not the case.

Although it's never fun to get laid off when you're the "bread-maker," he's taking it well. The rest of us are in shock but are taking it well also; staying upbeat. The good thing about my family is we're smart when it comes to savings, so we will get by and won't get kicked out on the curb.

Right away I personally got to thinking:

My first reaction was: This will be a great opportunity. I know my dad liked his job, but he didn't love what he was doing. I could just tell, whether he admitted that or not. So, instead of thinking how shitty it is to be laid off, I immediately thought how this could be the one big chance for him to do what he wants finally! I envision him pursuing one of his many passions and turning it into a career, being an entrepreneur... he'd probably do something involved in sports, something that doesn't require a suit & tie, something creative, who knows. The options are endless. My dream would be to see he and my mom go into business together and do something kick-ass and modern "ma & pop-shop" style. I know they'd make a good team.

My second reaction was: Shit, I really need to get my act together so I can fully support myself and help my family as much as I can. If I had to, right now I could be completely independent off my savings and income. I could even live on my own. It'd be a rather crappy lifestyle to some extent, but I could do it. However, OC rent prices might leave me broke by December. Anyways, point is, even though I still have one more semester in grad school, I have no problem taking on more work (if I can get it) to help my family through this time. Anyone need a coach or personal trainer? Lol.

Third reaction: Wow, the economy of today finally gave my family a blow. I should be sad, but I'm not. I'm a little pissed, but not outraged. Overall, I'm not even that upset. I guess it's just because I have tons of faith in my dad, mom, sister and myself. We're not the type who will resort to the bottle to cushion the pain ;)


  1. Wow, that is such a great point of view to have regarding that huge "bump" in the road for your fam. Many people would be devastated.

    I'm trying to be as positive as possible, myself. I just finished grad school, and the jobs are looking pretty scarce right now. The plus side, the hubs and I manage our money well (we live within our means), and I'm looking into volunteer work in the meantime to at least build my resume.

    Good luck with everything!

  2. I am so sorry to hear about your Dad but you do have a great attitude. I have been laid off once and my husband gets laid off about every 4 years. I have found that it always turns out to be a better situation. I hope that your father has the same result!

  3. Some of the best chapters of my life have been the result of big “shake-ups” that, in the moment, seemed like bad things.

    I know it may not seem that way today but give it a little time and everything will work out for the best. From everything you’ve shared about your family, I have no doubt you will all come out of this stronger than ever.

    My thoughts are with you and your family.

    All the best,


  4. I couldn't be more impressed by your perspective during a time like this. We'll be praying for you and your family in the coming days - can't wait to hear what the adventure brings.

  5. shit. i often remind myself the hardest things in life have the greatest rewards. i know you and your family are smart and know that too. best wishes Tawnee!!

  6. good luck in everything, I am a believer in that everything has a way of working out.

  7. Really sorry to hear the news. My sister got laid off from a job of 24 years around this time of year in '08. I know it's rough. But you guys do have a great attitude and what I know for sure is your dad can sell. And that is a skill that is needed at all kinds of companies, whether he decides to remain in insurance or not. Thinking of you guys and wishing you the best during these tough times.

  8. When I decided enough was enough, leaving a great job in NYC to move to Boulder and live the dream, I had to live on my savings for an astonishing 7 months before finally landing another job. You dont realize how bad the economy is until you're in such a compromising situation. All I can say is that it sounds like your family is well prepared and will endure. When opportunity does come knocking, you wont have to jump barriers to get to the door for the greeting.