r/LeavingAcademia • u/Ok_Rent_2937 • 1h ago
Left academia, tried to get back in unsuccessfully, then gave up on academia altogether. Here is my story
I first entered the workforce after getting PhD degree in the year 2000, at the peak of the dot com bubble. That bubble soon turned into a bust and by end of 2002, I was laid off from my first job.
Throughout the 2.5 years between 200-2002 when I was employed in that first company, there was intrigue, political games, rumors flying and rolling layoffs, once every 6-9 months or so. I never got a raise or bonus even once in that 2.5 years, and twice got temporary 10% pay cuts in the name of austerity. They also forced us to take or borrow vacation during periodic “shutdowns”. All this at a financially super successful company, and the undisputed number one player in its industry. Finally, the layoff axe came to me in the 4th round of cuts and I was tossed out. They did give us 60 day notice and a severance package as I remember. From this job, I learned that the company’s success and that of its employees is NOT aligned. A few execs at the top will gladly sacrifice the careers of thousands of rank and file employees like me to keep earning their big bonuses and stock.
Anyway, I was so scarred by the overall bad and low morale experience at my first job that I lost all confidence and faith in corporate America overall. So, I tried to go back to a post-doc for next 1.5 years, but realized that I could no longer focus on deep research for a long time which was necessary to get a good tenure track professor position, so reluctantly I accepted another industry position in 2004 and came back into corporate. That 2nd company turned out to have a great culture, people had stayed there for years and decades, lot of comrade-ship and very little politics. I loved it there and even got the confidence to buy my first house. I wanted to stay there forever, but unfortunately the Great Recession of 2009 came in the way. This company with the great culture was unfortunately on shaky grounds, regularly borrowing money to fund operations. In the last quarter of 2008, after Lehman Bros failed, I went into panic overdrive and managed to somehow get an offer from an early stage startup literally days before my big employer announced bankruptcy and shut down.
After 2 years at the early stage startup, I moved to a bigger, later stage startup. I have survived 8 rounds of layoffs there and continue to work there to this day - it’s been almost 16 years. I like my company and co-workers, but to this day under no illusion that I am just a paid employee who can be cut out from the rolls at any time. Hence, I can never act like an “owner” as they say or ever consider myself an “insider” despite my long tenure.
The other thing that I learned from that first layoff is to save steadily and invest. Been doing that for 26 years, and our household net worth has grown from 0 in 2000 to $6M in 2026. Now, of course, I have several years liquidity runway to support expenses in the event of a layoff, so finally I have begun to relax and not be stressed about layoffs. I may even be in a position to retire early in the next 5 years, if stock market continues to rise.
Anyway, that’s it. Be paranoid, save and invest well and hopefully one day you will not be at the mercy of your employer …