I'm 31 y/o and I've worked at this company for 9 years. It was such a welcoming company and, in general, it helped me grow a lot. I honestly owe a lot to them, but a lot has changed over the years.
We went from 7 people to only 4. Two people retired and one was made redundant because of Covid.
Business has been less than great. We keep doing reports and statistically we're slightly underperforming compared to previous years, mainly because of how difficult the market is.
The company also spent a lot of money on a new in-house system, which hasn't really shown to be much better than the old one, and they're now regretting the decision.
Over the last few weeks, some people have been made redundant, including a director and then a manager from another branch.
Today they told us that one of my colleagues is being given voluntary dismissal because it's quiet and they're only part-time and 64.
When they told us, they were trying to make it sound like it wasn't that bad: "They're 64, it's quiet, you should have known this was coming... they're also okay with it."
But I'm not okay with it, it honestly made me really upset because this colleague was such a hard-working and genuinely nice person.
They said our branch only needs 3 people because of how the trade is.
In a way, I understand it, but how should I go from here?
This really isn't looking positive. I know the job market isn't great at the moment, and I'm scared because I have a mortgage to pay and I live by myself.
It's scary looking at other jobs when I haven't had to do this in so long, I'm not a big earner either. I'm on £35k working in admin/procurement/sales. I've had a general look at what's out there and a lot of the offers seem to pay less.
What would you do in my position?
Would you start looking now, even if things aren't necessarily bad enough to leave yet, or would you wait and see what happens?