Moved to NYC for My Dream Job, Company Collapsed in 6 Months—Now I’m Stuck and Struggling. Should I move Back?
Hi everyone,
I’m a 26-year-old woman with a BS degree and 4 years of experience working in Treasury Management on the sales side. I started my career in Texas, but my role was eliminated due to a merger. That pushed me to take a leap of faith and move to NYC, a place I’d always dreamed of living in.
I made it happen: I found a job within 3 months, packed up, and moved to NYC in January 2023. It felt like everything was falling into place. The company was based in Rockefeller Plaza, but by June, things took a turn. They went remote and eventually, I left the role as the NYC expansion failed.
That experience left me discouraged, but I decided to give myself some time to regroup before jumping back into the 9-to-5 grind. My sister, who’s now in her last year at Harvard, suggested I try care.com. She had found a family through the platform years ago and made it work while pursuing her passion for law. I figured, why not?
I found a few gigs that helped me stay afloat, including one that required an NDA, so I’ve been pretty quiet about it. But now, I feel stuck. I’ve been applying and applying for jobs in my field (and even adjacent fields), but the responses have been almost nonexistent. My savings are dwindling, and I feel like I’ve hit a wall.
I’m torn. Should I stick it out and keep trying in NYC, or does it make sense to cut my losses and move back home? I don’t want to give up, but I also don’t know how much longer I can keep doing this.
Would love to hear your thoughts or advice—especially if you’ve been in a similar situation.
Edit: Some key points:
– I do currently work part time (nanny). Also living a bit off savings- which are going down fast.
– My lease ends at the end of April.
– I can live with my parents and recoup savings if I move home.
Edit 2: reaching out to everyone who has offered assistance 🥹 that was so unexpected but im so thankful for any help getting back in the game. Really appreciate your help.
If you have any advice or work within the field
One response
Given your current situation, there are a few considerations to take into account before making a decision on whether to move back or stay in NYC:
Assess the job market: Research the current job market in your field in NYC and see if there are any promising opportunities available. Consider networking with professionals in your industry, attending job fairs, or reaching out to recruitment agencies to explore potential job openings. If the job market looks promising and you feel confident that you can secure a job in the near future, it might be worth staying in NYC.
Evaluate your financial situation: Take a close look at your current financial status and assess how long your savings will last if you continue to search for a job in NYC. If your savings are dwindling rapidly and you are struggling to make ends meet, moving back home to live with your parents might provide some financial relief and help you rebuild your savings.
Consider your support system: Moving back home can provide you with emotional support from your family, which can be invaluable during challenging times. Being in a familiar environment surrounded by loved ones may help reduce stress and alleviate some of the pressure you are currently facing.
Reflect on your long-term goals: Think about your long-term career goals and how they align with your current situation. Consider whether being in NYC is still essential for advancing your career or if you can achieve your goals from your hometown. Sometimes a change of location can open up new opportunities and lead you on a different path towards achieving your dreams.
Seek advice and guidance: Reach out to mentors, career counselors, or professionals in your field for advice and guidance on your current situation. They may have valuable insights and suggestions that can help you make an informed decision about your next steps.
Ultimately, the decision to move back or stay in NYC depends on your individual circumstances, goals, and priorities. Take the time to weigh the pros and cons of each option and consider how it aligns with your long-term aspirations. Remember that it’s okay to ask for help and seek support during challenging times. Good luck with your decision, and I hope you find a solution that works best for you.