So, if you don't already know I work for Chrysler. I'm part of that dinosaur called the American Auto Industry. Think what you will about auto jobs but let me tell you, the pay was fantastic over the years. But, first Chrysler was sold (out) to Daimler, then to Cerebus. They lay off white-collar (me) every couple years with greater frequency it seems. Now, due to the credit-crunch it looks like all the Big 3 are about to fold. I know a dealer that tried to finance a woman with 820 credit rating - that's near perfect. She was denied financing unless she put down another $1000. Remember when just about anyone could get a car? Well, those days are over. Sure, the Fed will probably bail out the Big 3. But who is bailing out the American Consumer? No one. The jobs are disappearing rapidly. Even if the Big 3 stay afloat for a few more months - who is buying cars??? GM had it's lowest sales since 1945 last month. So, without going into too much debate - I'm screwed. The management job I hold is being thinned. They will be downsizing the operation and laying off at least 1 from my facility. Even if my job stays around I will be looking at probably 12 hour days with no overtime. I used to make $40K in overtime every year. In addition to that we have an uncertain future. Cerebus is about to break up the company and has already stated a desire to sell my division. Looks like the GM merger is off for now. If we're sold to someone else they *might* let me keep my job for another pay cut. They could also leave it the same - who knows? My bosses won't say anything on our future and won't advise us at all. I was fortunate enough to be offered a buyout. I have no idea why they would do this rather than just put us on the street. But I'm seriously considering it. I would get a lump sum and a car voucher & 6-months healthcare - nothing to get rich with but it would set me up for 2009. On the one hand I am not being layed off yet. I have a job. I have healthcare for my kids. I make good money. But where does it end? Is there a future for my position? These things I can't answer.... I want to take the buyout, pay off all my debt and work on internet marketing. I am doing CPA and have moderate success with it - completely BH. I really don't want to go look for another job - I know I won't make what I was making at Chrysler as I am overpaid for what I do. So, what would you do? Hang on and hope that they don't swing the axe in my direction? Or, should I take the money and run???? I do not want to take the buyout and only find myself looking for a low-paying job in a few months. I need to make some decent coin... I got 4 kids what can I say? Here's my shameless charity plug... if anyone wants to mentor me in marketing or might want to share a killer marketing method i'd really be grateful. You can email me at email@example.com or IM me here. Guess I'll be changing my nick soon as it looks like viper is going away too! lol.