The whole of tech hired a lot during pre COVID and no one saw it coming.
The world came to a stop for 2 years and now businesses are at the lowest since we’ve opened back up. Things will be like this for a while.
I work at the biggest computing company in the world and we had a positive growth but not big enough year which meant hiring freezes and redundancies. But we still introduced new services to the industry and are still expecting to grow.
So hopefully this is just a phase. It looks like Elon did what other orgs were scared to do, but did it at a much more drastic level.
The problem though was folks rushing to leave their current job only for the money. There were some who left miserable jobs for something better and I get that. But the a good portion of folks ran to the first company that offered a higher salary. And that’s the scary part. “Higher”coulda been just a few grand. Which is really nothing when u consider the peace of mind you’re bargaining to lose.
I use to work by the sales force office in San Fran. And that was the last company I ever expected to ever experience enough problems to warrant massive layoffs.
It seems if you’re going to leave a job, to make sure it’s a smart move, one or more of the following must be true:
You hate your current job.
The new job is offering a benefit package that is so good that even by working a few months there you would be able to make and save a few years of living expenses.
- typically, only ceos and VP level positions offer that. Cuz they make millions.
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