My Firm Stopped Paying Me - Advice?

While it’s a wacky story, I don’t buy the constant internet accusations that everyone is “trolling”. I mean it doesn’t make any sense, it’s not a funny thread, nothing gained by inventing some very specific story. And these so called trolls never post back “ha, I got you guys, you believed it!”. Probably because it’s real, as totally f@#$%d up as it sounds!

But you have no idea why they are doing this? They don’t have financial troubles? Certainly people around the office must talk? What’s the word on the street? People in this semi-well known name know this is happening and nobody talks about it? Couldn’t someone talk to the press and cause a big hassle for them?

I don’t get it.

oh don’t get me wrong, I’m not saying this is such a thread. I’m just curious if someone had an answer

I don’t think the OP is trolling.

But it is indeed a very very wierd situation, both for the company to do this, and for the OP and coworkers to put up with it without a legal fight or at least leaving for another company.

Nah, everyone is going to sue absent a miraculous change in corporate behavior. It is a growing legal receiveable (or so I’ve been told by three lawyers I consulted). Just have to make sure you initiate your claim before the legal deadline. The junior kids have left. More options and more openings at junior level. Job search is taking much longer than expected. After that initial flurry of interviews through contacts, it really slowed down. Getting pretty fed up, but I don’t think I’m doing myself a favor by quitting without a job in hand so long as “work” isn’t getting in the way of the job search. Like I said in a previous post, the more senior the position you are applying to, the more toxic it is to be an unemployed candidate.

Sadly, I could spend double the time on my job search but I don’t think it would double my chances of finding a job.

Yeahhhhh, I’m gonna need you to gather all of your belongings and move them down to the basement…

#Mmmmkay

Have you sued yet? I wouldn’t wait, courts can take a very long time before a resolution is reached.

You could be looking at another year before your accrued compensation is released to you.

You do realize that ~30%+ of that receivable will be taken by the attorney. It’s in their interest to grow that as large as possible.

Well, 70% of something is better than 100% of nothing. And, possibly more importantly, someone who treated you like crap ended up having to pay up for the privilege.

However, you probably do not want it revealed while you are searching for a job that you are suing your current or most recent employer, so there’s that issue.

^ suing for not being paid as contractually agreed to isn’t as bad as just suing for other reasons but sure does complicate things a bit.

I can’t imagine being in this kind of situation, I would be tempted to flip over a desk and walk out.

wasn’t there some guy that was trapped in a mcgraw hill building elevator for like 72 hours and he sued and won 100k. But then he couldn’t find another job after that bec of the suit?

If you have 10+ people with the same problem who are going to need jobs, why don’t you just form your own company?

I read a very long story about that guy. I don’t think he got 100k, and whatever he did receive then went to lawyers. It took over a year for the lawyers to duke it out. He didn’t go back to wok while fighting for a settlement because it would hurt his case of emotional distress or something. The incident ruined his life for the foreseeable future. Hope he’s back on his feet now.

so when walmart lays off a few thousand shelf stockers, they should form their own company?

Stockers Inc. - Employee owned!

My last employer laid off their entire east coast staff last month (which unfortunately includes me). However, two people that were laid off with me called me up to develop a related product. So that is in fact what we are exploring/doing. It’s not in direct competition with the former company, which was more of an origination-based business, but if it comes to fruition, investors might find it a much cleaner way to achieve their objectives than the old company.

However, I’m still keeping my eye out for other opportunities with more stable cash flows, so think of your Uncle BChad if you spot any.

stockers are a commodity - so no

This kid is Ivy educated. He can even do a SWOT analysis before going full time.

I don’t know what product he’s selling; that would be important. He knows if this is feasible or not. I don’t have all the information; that is why I asked the initial question.

Good luck to you BChad.

Yeah I would try to be cognizant of this firms assets and cash flows to see if they really do have the money to pay 100% or 200% or 50%.

become a dealer or part time plumber?

That thought had crossed my mind.

Surely the drug dealers on my block need someone to manage insurance and retirement portfolios.