Everyone is talking about the upcoming recession but I’m considering changing company while on h-1b. Evaluating job safety vs. career opportunity, which company would you choose? Ps. I want to get to senior ASAP, so Google is not the default option here.
Apple - it’s got 250 billion dollars in cash to sustain the recession
LinkedIn obviously. Everyone’s gonna be looking for jobs
Estee Lauder
Netflix. They will gain customers as people switch from more expensive entertainment to cheaper entertainment.
How about no entertainment cuz everyone's busy looking for jobs?
People always pay for entertainment
Uber, i can be promoted to driver in recession
Those businesses which are profitable from cheap customers, and at the same time not pressured to meet shareholder expectations. What are such (tech) companies?
Google is like a utility company, people will still use most of its products, although ads revenue will be down, they may not cut jobs. Second best bet of the list is Netflix, reason is mentioned in a comment thread above. Plus, engineering cost is only a fraction of their content spending, they can’t save much by cutting jobs. They borrow low interest debt for content spending, so during recession, if interest is high and investors become conservative, it will be hard to borrow. I think they are smart to borrow a lot and produce a lot of content right now so they have chance to sustain their business when they can’t borrow much later. IMO, correct me if I’m wrong, investors expectations are reflected in stock price, which will likely be down during recession. So companies may not be pressured by investors to cut cost. Instead, their pressure comes from cash burn and cash on hand - whether their operation can sustain.
Googles customers are companies that buy advertising. Marketing is one of the first places to get cut.
Interest rate goes down during recession due to FED setting it low. So it will be great time for Netflix to invest in new content.
Microsoft is the only one that actually have a record of layoffs
Entertainment pharma and alcohol are considered recension proof business. So Netflix.
Profitable companies > non profitable companies. No such thing as job safety though outside of maybe goverment jobs.