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by no_wizard 1516 days ago
I work at a startup currently and am wondering if it’s time to start job hunting at the big companies because I worry about stability. There will be some flood of labor soon I can feel it in the air and I want to get in before that
6 comments

Build up your emergency fund to at least 6 months of living expenses.

> There will be some flood of labor soon I can feel it in the air and I want to get in before that

I'm currently still getting several recruiter emails per day. I realize this could change quickly, but so far we're still very much in the talent aquisition and retention phase (in tech, anyway).

>Build up your emergency fund to at least 6 months of living expenses.

If you're able to do this, you will not have a problem and shouldn't be concerned.

For most of us this is an absurdity. I can't imagine having enough emergency funds to survive on alone for 6 months.

Keep a robust emergency fund on hand, always be networking, just be prepared for the separation call. Low burn rate + emergency fund + unemployment insurance = safety net during a recession. If you have any health issues you’ve been putting off having addressed, do it now while you have insurance.
By unemployment insurance, do you mean state run unemployment?

Or are there reputable private insurers?

Yes, state unemployment systems.
Big companies have layoffs.
Some also insulate really well especially with shorter recessions. Like Apple, or Shopify, or Microsoft. They are very insular in many ways
Without discounting the other good advice, it's unlikely that you'll be the one unable to find a job in a recession; that unpleasant distinction goes to people with low skills or education.
I’d argue that a startup which just got a major cash infusion is the best to ride out an imminent recession.
It’s always the time to be job hunting. Stay hungry.