I wrote about this on the blog (available here) but a few months have passed and much water has flown under the bridge, so it is time to reprise the topic again. I'll kick off with my personal situation: overall, our family has been very lucky and I'm thankful that we've been okay so far. Still, there has been minor effects:
- We've had two rounds of layoffs at my day job. It is devastating to the people laid off and it saps the spirit of the people still left. So, count this as a psychological wound. At least, investors seem to be happy with layoffs. Each time, there is a layoff, the stock pops!
- No bonuses for the second year. No salary cuts so far but no increases either. This would pass off as good news considering a number of companies have cut pay.
- We are having forced shutdowns though -- 5 weeks spread out through the year. I look at this as a blessing. On my own, I never seem to take the time to slow down but this way a decision is made for me. With a new baby and wife at home, it is a nice time to just stay home and spend time with the family. Money comes and goes. Time with our loved ones is precious.