I was looking at posts of layoffs and a certain trend emerged. I see lot of SWEs are more surprised/blindsided or ill prepared in terms of layoffs. Usually the signs are up there for falling businesses and bottomline. Is it possible that because they are not involved in business side as much, they have little clue as to what is happening to the company? Or do they know equally well as business reviewers?
Most of them were too young to have any real knowledge of 2008. They thought the party would go on forever and that comp will go up and up and that finding a job was just a matter of applying.
Hit the nail of the head. Well they gon’ learn today!
As long as the Fed is printing trillions, it's gotta go somewhere. The way they do this is by artificially lowering risk. That's why you've seen an explosion in obviously horrible startup businesses with multibillion dollar valuations. If anything, this will likely promote more of that, and make the startup bubble even worse.
I think you should spread a little more complexity in the scenario you describe rather than just labeling everybody who isn't a software engineer as 'business reviewers'. (not sure what that is). For example, it's one thing if you're trying to compare to a chief of staff or someone working on a team getting pulled into emergency efforts on HRIS systems. - they'd probably hear first. The greatest exposure to 'hearing first' may be your seniority or how many people you know since you worked there that have moved around the company and still keep in contact with former colleagues. That's the #1 way.
It's funny when people on this platform write "even engineers were let go???" Like as if developers are some sort of Gods. They are an expense like anything else. If that expense isn't going to be generating income in the near term, bye bye 👋
Turn to the accounts/finance to know when they are coming up. It will be clear in the books. Engineers are always told things are great. Work harder and you will be rewarded,
As others have said you won’t have access to the cold hard figures before Wall Street do - but you can look for warning signs and plan accordingly. Perks and snacks being downgraded or cut, limiting business travel ... these are all red flags That you should get your ducks in a row.
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Engineers, that is individual contributors are basically at the bottom of the totem pole. Middle managers even do not have access to this information. Only higher level execs have access to the data to even make these decisions.
You can still glean a lot from investor relations sites and general market sentiment to your company. If the stock has been on a continual downward trend start looking for cost savings - downgrading snacks, limiting travel and get out.