This has happened to me three times in the past 18 months. Once again, I've been laid off.

The first time, back in November 2007, I lost my job at this very troubled now-government-owned bank because my job was outsourced to another country (yes, somewhere in Asia). Luckily, I got a job right away and continued being employed for the next 10 months.

Then one day in October 2008, my boss informed me that my job was coming to an end because I was no longer needed (again, because some of the my work was going to be done in another country - as I had trained two of them in London to take the work back).

This time it took me one month to find a job, and the job was with the same very troubled, now-government-owned bank. The job I previously did there had come back to London because the Asian office could not handle the volume of work. Ah, I was relieved, because this was after the Lehman collapse and I was worried that there would be no jobs on the market.

Well, after working very hard for five months doing the job I had previously done, one Wednesday morning I was called into an office and my boss said that I was no longer needed. (Geez, have I heard these words before!) But this time it was not because my job was being outsourced to another country, but because the bank was cutting back and volume was low (yada, yada, yada).

So once again I have been thrown back into the unemployment sector with no net and no glove. It is the feeling of being thrown naked in front of a very large crowd and not knowing where your clothes are.

Now is not a very good time to look for a City job, but I know there must be one job waiting for me out there, albeit a job which will probably NOT pay me what I used to make.

But there has to be one, and so the search begins.....

Here Is The Writer : Tim Baros

Tim Baros has worked in the derivatives industry for several large financial institutions in both the U.S. and the U.K., and one now-defunct financial products company. Tim moved from New York City to London in 2003 to take advantage of the many job opportunities that London had to offer in the banking sector, easily qualifying for a Highly Skilled Migrant Programme Visa. Unemployed but now a UK resident, Tim spends some of his day looking for another job in finance and other parts of the day either at the gym, in the pubs, clubs, or just about anywhere, really.

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