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by nsxwolf 1242 days ago
I don't stay after a big round of layoffs for the same reason I'd rather buy stocks when they look like they're going up, not down.

The company is signaling that it is not doing well - why shouldn't I leave for a company that is doing well?

The only way I'll stay is if you want me to be part of a real plan to turn things around. And my involvement in that has to be rewarded - not just at the successful end of that process, but immediately.

3 comments

The thing is there is no important signal about a specific company here, everyone is doing layoffs, the same as in previous years that everyone was in a hiring spree ignoring the actual company fundamentals. You can't just leave a company which is laying off people because everyone around you is also doing layoffs!
Nearly all major tech companies have announced layoffs in the last few months. Which companies would you say are "doing well" right now?
I’m assuming that with the major tech companies all laying off it becomes difficult to find another gig.
I'm hoping I don't have to find that out any time soon, but I prefer staying in the space of unknown enterprisey, line-of-business backend orgs. FAANG/MAANG and adjacents seem to be allergic to these roles and I never see their resumes.
Mid size companies in the b2b space are still hiring. Companies that consumers will never have heard of.
Are they paying FAANG salaries at $300k+?
No, which is why I'm not yet too worried about them flooding the space and taking all the jobs away. I've never seen it happen before.