When companies layoff people, the newest members are most vulnerable. You may think that layoffs are performance based, but it also has some other factors. When you join a new company, you will not always get the culture and things they optimize for. For instance, at Meta, even solid developers cry on the bottom up / PSC driven culture. At Amazon, its hire to fire. Instead, if you stay in your company, you are already deeply-rooted. Your manager will think ten times before putting your name. Sure, the stock drop is a pain, but that's the situation everyone is facing. It will be fine in 1-2 years with refreshers. So why change jobs now and be the frontline of next cut. The Severance is also the least as it is dependent on your tenure at the company. You may also not get a new job or settle for a job with a lower pay. There are people who took a while to recover from 2008 layoffs. You are also risking going back, your previous company may end up in hiring freeze. Edit - This has blown out of proportion. The common theme among comments are - - Blind is full of YOLO crowd 🥳 - Change job if it's a really good deal (>50% hike) or your current place is hell (impacting your mental health). - Change job if it's a sinking ship, we are all Rats (the first one to jump). This is not the time to be a Hero. Also TC - 600K (after the drop).
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Because sinking ship?
Hear hear
Without a captain in our case!
I feel it’s dumb not to accept a 40-50% hike offer fearing that you would get laid off. If one is switching for more or less equal pay, I am with you. They better stick to their current company
Exactly, I am considering a new role with 50% TC hike and it’s too tempting
One person in my group changed jobs and has overall better comp due to stock tanking. He mentioned 50% more in TC.
I considering a job change because 1) new place is paying way more even in current market 2) no point in stalling your career for a couple years coz a possibility of huge layoffs 3) I work in a niche domain so it’s easy to find another job 4) you can still be laid off from your current job, new job isn’t multiples in risk
I thought “niche domain” means it’s hard to find a job since the demand is pretty low and most positions already occupied…?
Usually it’s the opposite. Niche domain would be like distributed systems, storage and caching, iOS/Android, embedded systems, etc. These engineers are in high demand because there are not a lot of them.
There were people from Oracle who worked with them for years or even decades got dropped because the company wanted to save cash. Nowhere is safe for certain. Always do due diligence and keep options open.
Maybe they’re leaving because they know they are on the bottom in the current company
Yup..does not matter how secure company or org is if you are barely hanging on. You are better quickly ramping up at new job and crushingit there. Not to mention all companies know recession is here so if they are still hiring it means something
Because I'm getting paid Fing peanuts
Microsoft ies love this comment 🤣
Moved to crowd strike?
Why the F not? Unless you’re so insecure about your ability to add value in any environment. Hire to fire is a myth. In my 10 years at Amazon I’ve never seen it happen. However, apparently “interview for performance review” (aka lets waste everyone’s time) is a thing at Meta?
Hire to fire isn't a myth lol. We used to openly talk about which sucker we'd HtF at Amazon because we liked our whole team.
Wow your manager/team is an idiot. Where’s customer obsession and being frugal? How many have you hired to only fire? And what org? If that’s true then I stand corrected but as I said I’ve never heard/seen it in my 10 yr career at Amazon.
Because we don’t work for Meta and we are being paid peanuts.
So many assumptions here that are simply wrong. You must be a Meta manager that’s tired of seeing your reports leave.
Holy shit how do you have this many likes. I mean I agree with your point but still.
Any comment that craps on Facebook and that nutless CEO is to be respected and admired on this app bruh.