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by ridaj
1653 days ago
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I don't know if you've lived through an industry downturn but that's a risk you might want to hedge against. Software/tech has had so much growth that it hasn't really had a bad year yet. Long term, even the dot com crash or the 2008 recession weren't super impactful. My guess is, you are doing enough and aren't enough of a troublemaker that your boss cares to do anything about it, but you're not fooling anyone either. In a structural downturn, they're getting pressure to downsize and you're at the top of the list. None of your colleagues who move on to better pastures will vouch for you anywhere else because they don't trust you to pull your weight. You find yourself pretty unsupported at that point. At the end of the day, I personally choose to stay sharp at work because it's my personal ethic, but there's also a real risk component that you may want to consider, although as long as the industry is structurally growing you probably don't have to worry too much about it. |
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The OP said they’d been in the industry for 2 decades, so they may have got into the workforce at the end of the dot com bubble. It wasn’t pretty for people who had been in the industry for a 5-10 years. Many forced career changes, big salary cuts, early retirements, depending on the person’s reputation, CV, and skills.
I don’t think the next contraction will be nearly as globalized as the dot com contraction, but it’s worth assessing whether your niche or specialty is prone to that kind of lull in the hype cycle.
In a contraction, the interview charades of big tech are replaced by street cred, because nobody can afford to hire deadwood. It’s brutal to be mid-career with no street cred in a recession, and one should try to avoid it.
I’m not saying one should avoid work in web3, autonomous driving or whatever, but it’s prudent to have an escape hatch just in case.
Be known as a hard worker, smart, and genial, and invest in developing skills that legitimately create value for any company, and you’ll be OK. It can be tempting to coast, but it’s not an effective strategy if your industry i has bearish downturns during your career.