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by pwinnski
1242 days ago
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Recruiters have reached out to you from two different companies. Company A and Company B are both offering compensation greater than you're currently making (which is almost always true for most workers), and you ask questions about the viability of the company (hugely profitable) and the job (very much needed). On what basis are you to know that despite being hugely profitable, Company A is going to get rid of 28,000 employees, while Company B is instead going to cut CEO compensation by 40%? How can you be sure whether you're joining Alphabet or Apple? There is nobody to blame for any of this but the leadership making poor decisions for which they won't face any consequences. |
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As a recently ex-alphabet employee: apple never went on a hiring spree.
They had restraint the last few years, with a significantly smaller workforce, and the result is (hopefully) no layoffs.
Fast money moves quickly and it might move away from you.
We should also be talking about Yelp at the start of the pandemic, who was predictably in a precarious situation. They offered to employ people part time (and still do) instead of mass layoffs. You can work as an SDE at 80% time instead, which gives you a stable (but smaller) income in a scary time, and it gives the employer a discount to save without layoffs.
Personally, I would take 80% or maybe even 60% time at my old Google job over a layoff. Everyone comments about “rest and vest” anyways, so 75% may be perceived as appropriate anyways.