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Are you guys ready? It shouldn’t affect SWEs so I guess the only question is whether or not you’re able to buy the dip.
Why do you think recession will not affect SWEs?
Because SWE are too smart and too valuable, even company goes bankrupt will still need to give them the TC they want
Because it’s a business cycle. If a company is smart they’ll keep their SWEs to innovate for the next boom.
That is quite the bold assumption that SWEs are immune. I think y'all are the first to go 🤷♂️
Idk about first but as vulnerable as other corporate America jobs
Are you kidding? EMs and PMs are pretty much expendable. As SWEs we are fully capable of grass roots innovation, product support and managing our own projects.
Of course it will affect SWEs. There are hundreds of unicorns that will likely go bust. It looks like even FB, NFLX aren’t 100p safe. Plan accordingly and don’t try to time the dip, just keep auto-investing in companies you want to own long term.
Feel like tech may be most impacted due to unicorns and startups etc
FB is extremely safe. Stock price != chance of being pipped. In fact, FB is much much more safe than Amazon right now
No one is immune to recession. They fire half workforce and make remaining half to work twice as much to keep their jobs
This. Why would anyone think they're the exception is beyond me lol.
HEB is the new Albertsons.
HEB is NOT Albertsons, clearly you’ve never set foot in a central market
That’s joke
I remember SWEs going to school to get a Mechanical Engineering degree after 2000 dotcom burst. just saying :p
Don’t waste your time, this generation of SWE can’t understand tech world change all the time
It might be some people tell themselves to keep happy. Like we will be okay. But reality is swe is just another white collar job
Why is it coming ?
Bc the fed reserve created an artificial boom with QE and insanely low rates; now they have to reap the consequences of inflation and will have to pullback to beat it down (which will hurt the economy). Turns out if you fk up the money supply there are consequences
Just came here to say abolish the fed. :)
what's so different about recession from high inflation? you still have less money in the bank
depends on if you own any assets or if you're cash heavy and can buy a dip
Recession = less jobs. Worth it though as the poor class can’t afford necessities when inflation is too hot
It will effect SWE very badly. Software engineers will deliver pizza to get by in the Bay Area. It will be a Great Depression, bay area housing will be destroyed utterly. Silicon Valley as a location may cease to exist and it can become an online community after the dust settles.
How about the pizza place around the corner? I love that one please don’t let it go
Pizza should be ok but population will decline in the Bay Area
Wonder why this post went unnoticed. What is the community take on the current market state?
Who cares about the market? It's the economy that matters.
When stocks crash companies lay off to cut costs