Haven Technologies, a NYC based wholly owned subsidiary of Mass mutual, made me an offer for an engg role. Before my first day, the recruiter called to let me know they are putting freeze on hiring, though they will honor my hiring/compensation commitment. I wonder if this is a red flag for joining this org? Does anyone from Haven know if Haven is heading towards trimming down some of it's task force in the near future? Does Haven technologies maintain good financial reserve or has enough financial backing from MassMutual to survive the impending tough times in 2023?
There’s some uncertainty about how much funding we’ll get this year. We should know more after the April board meeting. We’re honoring signed offers, but letting people know the situation before they join in case they’re not comfortable coming into an uncertain situation. Personally, I think devs will likely be fine. I’m not sure if there will be any layoffs but I think engineering would be last to go. I have no firsthand knowledge of any plans for potential layoffs but I know management is working through various scenarios depending on funding.
from internal rumors found out it is going to be bad and good amount of people are going to be laid-off.
I don’t think its right time to join Haven.
If you have other offers then reconsider those or stay at current position if you can. There is a clearly uncertainty at this point in time and uncertainty brings risk. This risk does not have any rewards in near term. Long term you can try again next year.
World Conflicts
Yesterday
563
Why I Find Free Palestine Inspiring
Today I Learned
Yesterday
1446
White male privilege is real
Personal Finance
Yesterday
591
Biden wants to raise capital gains tax to 40%
2024 Presidential Election
Yesterday
196
Canceling debt isn’t inflationary or costing tax payers
Personal Finance
Yesterday
1736
Thank you AAPL and NVDA
Know friends there and they seem to like it a lot. Very good future outlook and they’re fiscally conservative. You should be fine.
Aged like milk