The current layoffs trend seems to fall into one of 2 categories: 1) Private overvalued companies 2) Public companies with stock plummet Do you guys think tech companies that don't belong to these 2 categories are safe? TC - 175k
There is no trend just a few companies that got damaged by uncertainty. Is still hard to find good talent
I think any large company with cash reserves is safe. They still have or may have hiring freezes though. What’s scary is companies rescinding offers where candidates already notified existing employer. That could destroy someone’s life if hiring freezes continue.
This.
Yeah times are scary!
There will be broad layoffs when Great Depression hits. We are not there yet.
When will we be there? Next year
Last time FED started to increase rates in late 2004. More than a year they increased to 2006. 2007 was market top. This time they are increasing faster. So maybe in a year or two crash intensifies. Separately, the peeling away of growth stocks looks like 1928, 1999 when the same happened before the crash. So we may be close to a peak. Then the crash would take years, say 2,3… if so in 4-5 years we will be seeing the worst of it?
Gradually, then suddenly
What's the scene at DB? Will there be another private fundraise this year you think?
idk, I just want to sell my RSU…
Is Amazon laying off people or rescinding offers after making them?
No!!! We have 6% pip quota which balances out the layoffs
@bashduck please what does the 6% pip quota mean and how does it relate to layoffs? 😳
You're in the tech scene are there any companies that don't fall in those 2 currently?
Well, Alphabet and Microsoft have barely gone down in the stock market . Safest place to be in the current market not just for job safety but for preserving or growing TC .
@Qualtrics Google fell from $3k to $2.1k. That’s a 30% fall. MSFT fell from $343 to $252. That’s a 26.5% fall. What cool aid have you been drinking gimme some of that bro I really need it!
Recessions or slowdowns are good excuses for profitable companies to optimise on cost , do reorgs and let people go
The FED told companies to do this in order to slow down economic activity. The more you educate yourself about “economics”, the more you see it’s all bullshit. It’s just a bunch of CEO’s and government schmucks on a conference call using WebEx or Skype making decisions - Keeping Up Konfidence in the Dollar.
Ok Infowars 😂
No one is safe
I saw a post on Blind where OP was suggesting not to make a switch now. I had been prepping since some time and have got an offer in a PE trading firm. Too scared to switch.
Used to be a hot market but not anymore.
Yeah🙁
still hot, less demand but less people willing to move