I'm glad you reached out. I'm sorry you're experiencing this and it's making you freak out. Take some time to breathe.
Reacting to a bad experience by going to another bad experience can happen.
Is there a way for you to carve some time for yourself - to regulate yourself? During the day. Just for wellbeing? Also, to use as time to plan.
For many people, the years right after graduation are very hard- because the world can be a harsh place and perhaps the supports of home/friends/school aren't there.
Let's build up some supports. Consider your school's Alumni relations and Alumni Career Services. They are there to help- at the very least to help you review your post-graduation work/further education plan. There may even be alumni in your city that would hop on a call (to help you with a job or just someone to talk to).
Awful employers are bad for one's health.
Shore up your supports (family, friends, hobbies, activities, spirituality, therapy).
I recommend the series "Designing Your Life" by Burnett and Evans. They were college professors and their books are taught on campuses to help grads and adults realign with their skills and goals.
Your questions are valid. In my experience, going from FT to 2PT only works if the schedule and pay or the grind is getting you where you need. Some theorists are suggesting that FT work at 1 employer is becoming outdated, so by all means don't plan your life based on what some of our experiences have been. Seek to learn more about what you want (and if you know, seek paths that get you there). It does start with a plan- ideas and numbers (costs, etc.). If you can carve out time to get this plan written, great. If you need help, seek out others. Heck, ask the local librarian where to go for career advice- they'll tell you.
If finances are a big factor, stay true to them as you make your choice. Maybe you have wiggle room to cut expenses (or face moving).
Go you for expressing your interest in graduate school at work. They responded in an odd way. (Who knows, maybe they thought you'd need money thus more hours- but they didn't include you in the decision). Can you reduce your hours back down to what you want? Shift departments? If you can make your life tolerable for even a couple weeks, use that time to explore. Heck, if you go back to school, there could be scholarships or you could work at/near the school. Some schools have rolling admissions. Some, you may need to start now for next year.
Use the next few weeks or months to start quiet quitting at work and start looking around- for grad school, for helpers, read some resources, look for other jobs, plan your finances. That way, you're poised to decide your next steps.
In summary, you're learning now how to go get what you want. Find the helpers in your life. Your current employer is not one of them. Doesn't mean you have to leave yet- if you can keep them in the background. Don't sacrifice your wellbeing.
Good luck and go get it!
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