It's a scary time to be unemployed. These people still chose to get laid off

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'I saw the handwriting on the wall,' said Wayne Stinnett, who recently accepted a buyout from his job of 31 years.

It's a scary time to be unemployed. Even with a better-than-expected June jobs report Monday, the unemployment rate still stands at 11% and 17.8 million people are out of work and looking for a job. Most of the 4.8 million jobs that were added last month were people being called back to jobs they lost from the pandemic lockdown — not people finding new positions.

"Stinnett is planning to adjust his retirement plans, cut some significant expenses in his home budget, including a health aide who was helping to care for his wife, and taking on those duties himself."I would be too nervous if I was in the late 40s or early 50s," he said."I saw team members in that position, they both opted not to do it and rolled the dice."Rolling the diceBut some workers that far from retirement are willing to take similar offers from their companies.

 

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Not one in gov't or deep state media were laid off. Not one.

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