One minute you're the next big thing, the next you're dead in the water. Things are looking bleak. Your latest "big" project went from being a Facebook-killer to yesterday's news. The company's stock price is at an all-time low. You scour Alley Insider each morning just to see if you still have a job. You start shining up your resume and portfolio, only to find there are no jobs. Your entire industry is struggling to stay afloat.
Sure, your day-to-day efforts may seem like rearranging the deck chairs on the Titanic, but there are plenty of advantages to working with a company - or in an industry - that's seen better days. These companies are hungry to turn things around and need to people like you to help them do it. They need innovation and that rarely comes from the top. At a castaway company, opportunities abound.
If you're lucky enough to find yourself working for one of these formerly all-star stalwarts, take heart. It might not always be smooth sailing -- grumblings and petty politics take priority over work, and layoffs are forever looming in the distance -- but the potential rewards of staying aboard might just keep you afloat.
11th–15th March 2011