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Here's the timeline of the oddest April Fool's Day I've ever experienced:

Just to give a little background. I had been working FT at a short hedge fund in Dallas, Texas for a little over 6 months as a Research Associate. It started as an internship program, but quickly turned into a FT offer after 1 month of grunt work.

5:00
I woke up thinking about what practical joke I could pull on my co-workers, family or especially my girlfriend.

5:20
Downing my first cup of coffee and rushing to get into the office early to tweak some models my MD emailed me about at 2:00 am

5:35
Get into the office and start mindless work and chatting with the other Research Associate about his Easter weekend.

7:30
The whole office (8 people) gets called into the conference room for the usual Monday briefing. These all seem pretty useless as the MD looks like he is going to fall asleep while he preaches to us.

7:45
The other Research Associate and I return to our office after the meeting we find a pile of HR paperwork. We thought this was an eleaborate April Fool's Day prank since we were the least senior members in the office. IT WASN'T. The MD offered no explanation of the decision rather than "business needs have changed." The whole situation seemed felt a little fishy to me. The MD had been in NYC and San Francisco the previous week for meetings with potential investors and the office was closed the day before Good Friday for a "virus" that shut down our computer system.

8:15
Both desks cleared, security cards turned in and thoroughly shocked. I felt like I had just woken up in the drunk tank after a great bachelor party. So naturally, the other unfortunate soul and I walk down the street to the bar to regroup and wrap our heads around what the hell just happened to us.

Anyone ever had anything like this happen to them? I'm curious about some good stories or maybe someone that could shed a little light on the situation. Happy April Fool's Day to me I guess? Ah hell!

I apologize for not writing in the most eloquent fashion, but I'm not exactly in the mood to write a beautiful short story.

Comments (22)

  • Asatar's picture

    That is truly terrible. Maybe you get a call tomorrow saying "WE GOT YOU!".....? My condolences otherwise. I'm sure there are lots of people on here who will be willing to help you out if they can.

  • Monkey Unity's picture

    I keep checking my email vigorously hoping for that "We Got You" message. I've lost a lot of respect for that office after this incident however. Thanks though Asatar.

    Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

  • Working9-5's picture

    Damn, that's too elaborate for being just a joke. Sorry to hear that.

    CNBC sucks

    "This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up

  • TeddyTheBear's picture

    Sorry to hear that man. I think it's a poor decision to have done it on April Fool's day to begin with.

  • brianklk's picture

    sorry to hear

    did they let you keep access to the company email inbox?

    Born in hell, forged from suffering, hardened by pain.

  • Monkey Unity's picture

    Since I've written it, I've lost access to email.

    Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

  • Simple As...'s picture

    Damn, that's terrible. Keep your head up and pound the pavement.

    Did you have any idea something was up? A bad review or your MD/Analyst get in your ass about something? Bad thesis?

    Edit: I sincerely hope this is the most elaborate and cruel April Fool's joke you ever experience.

    patternfinder wrote:
    Of course, I would just buy in scales.

    See my WSO Blog | my AMA

  • jojome's picture

    You can sue them for wrongful termination?

  • sayandarula's picture

    i envy you... time to rage and go on Funemployment.

    Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

  • ST Monkey's picture

    just like Easter, it's time for rebirth/reincarnation (whatever you believe) bro. Whenever a door closes there's always a pair of legs spread wide open. Keep your head up, it's not the end of the world.

  • In The Flesh's picture

    Geez, didn't anyone glance at their calendar before making this decision?

    Either way, take a day or two to chill out, prepare your resume, and plan your strategy. Then start your engines...the next adventure is coming! There are always better times ahead.

    Metal. Music. Life. www.headofmetal.com

  • beakerbeaker's picture

    Sorry to hear it. 2 or 3 new L/S shops have launched recently in Dallas. PM me and I'll happily pass info along.

    I had no idea that there was a short-only fund in Dallas. What's the asset base like?

  • YouareNOTtheFather's picture

    To give you some perspective, at least you didn't get some random one night stand pregnant. You still have a future.

    Maternity is a matter of fact, paternity is a matter of opinion.

  • CompBanker's picture

    Obviously an unexpected termination on April 1 is a whole new level of cruelty. I suspect the reason they chose April 1 was because it was the 1st day of a new quarter and it was immediately following a holiday weekend. Employers are very sensitive about terminating employees prior to Holidays (especially Christmas). They probably thought they were doing you a favor by giving you "peace of mind" during the Holidays. Can't say I agree with the approach, but I suspect that was the situation.

    Goodluck as you search for your next gig. Some of the most successful young people I know got farther ahead in their careers due to layoffs and rejections, myself included. You can still turn this into opportunity, just keep your head up and plow forward.

    CompBanker

  • In reply to CompBanker
    WallStreetOasis.com's picture

    CompBanker wrote:
    Obviously an unexpected termination on April 1 is a whole new level of cruelty. I suspect the reason they chose April 1 was because it was the 1st day of a new quarter and it was immediately following a holiday weekend. Employers are very sensitive about terminating employees prior to Holidays (especially Christmas). They probably thought they were doing you a favor by giving you "peace of mind" during the Holidays. Can't say I agree with the approach, but I suspect that was the situation.

    Goodluck as you search for your next gig. Some of the most successful young people I know got farther ahead in their careers due to layoffs and rejections, myself included. You can still turn this into opportunity, just keep your head up and plow forward.

    Funny, I was terminated a few days before Christmas in my first review....solid.

  • In reply to WallStreetOasis.com
    CompBanker's picture

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  • Monkey Unity's picture

    Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

  • PeteMullersKeyboard's picture

    "When you stop striving for perfection, you might as well be dead."

  • NorthSider's picture

    "For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."