I have stopped working. I have decided that, given the facts, there is no reason to expect the company to turn around and become profitable again. This leaves me with a few options that I need to consider.
First let me mention that I have a solid savings. Even after the vacations that I have planned for August and November, I could probably live off my savings for a few months more. I have moved back to my mother's place for what was originally going to be a month before renting a house with some friends (that plan is dead and buried) and my bills are practically nothing. As excruciating as it is for me to be unemployed and living with my mother, I am not poor or uncomfortable at the moment. (To clarify, I don't mind being around my mother, I mind the social implications of living at home at my age, but not so much to go out and burn money on rent unnecessarily.)
Second I should mention an obstacle in the way of obtaining solid work. I have an almost three-week vacation coming up. I will be out of town late August to early September in eastern Europe. Any job that I attempt to get would have to be flexible enough to allow me the time away after only a month of working. I am not going to skip out on my vacation even if it means being unemployed until then. I could collect unemployment until then, or I could live off of savings.
I have a few options on how to proceed with getting a new job. First is the choice of what to do with my current job. I am now on zero hours per week, my boss will lay me off if and when I ask him to and I believe he would hire me to work for him again if he were able to make the deal he is trying to get to open an installation branch for another company. At this point I cannot wait any longer for this deal to go through, I need to secure another job and paycheck. If I get something temporary and the stars align enough to allow my boss to hire me again, then I will consider it then, but now I cannot count on it. So, I have to get some other job.
The jobs that I am looking at are through a couple of contacts that I have. I don't have anything concrete yet but I have a couple of potential positions. The first is an installation job wiring together some systems for the government. It is somewhere between a year and two years worth of freelance installation work. This job would be for more money then I was getting, but with no benefits and no security and in the same type of work that I think is a dead end for me. With the constant march of technology, I believe that skilled installers such as myself will find our jobs evaporate from under us. I expect that as systems get more powerful and easier to install, my services will be less in demand. I am not interested in hanging around until I become obsolete.
The second job connection is from an editor friend of mine who thinks that he can get me a job in the machine room of the facility where he used to work. The pay would be less then I make (don't make?) now, but it would probably be an employee position where I could move up to a better position. In this option, I would try to eventually become a supervisor to do the job of dealing with the client and keeping the editors on track and working at full efficiency. I would not be trying to become an editor due to my lack of stereo-vision and the inevitable dominance of 3D programming. This job is less likely for me to get and less pay but has a greater potential for the future.
I guess it mostly depends on which job I can actually get. I think the best outcome is doing the freelance thing between now and my vacation and then trying to get the permanent job after I come back.
Wish me luck.