[rglover]

Not doomed, but perhaps needing an adjustment of expectations and lifestyle (depending on what you were used to relative to salary in the past).

The "why" is ZIRP (zero-interest rate policy) money. That made it possible for a lot of tech companies to operate in the red for long stretches of time. Now that that cash is drying/dried up, they're having to reduce hits to cash flow and act like real, money-making businesses.

Unfortunately, many companies will get rid of their more-talented (but more expensive) employees to keep costs down short-term. Long-term, this will burn them exactly the way you'd expect. My personal bet is that in 18-24 months, the technical issues will be piling up and companies will panic-hire senior talent at a premium to come clean up the mess.

Until then: lower expectations and humility are likely the best bet. It's also a great time to start your own business/company if that's an option.

[gcj]

Those are good tips and also a good diagnosis

[vasili111]

>Unfortunately, many companies will get rid of their more-talented (but more expensive) employees to keep costs down short-term. Long-term, this will burn them exactly the way you'd expect.

Is this your personal observation or from some other sources?

[rglover]

Anecdotal/inference. I've seen quite a few posts on Twitter of people who were let go from high-paying/high-ranking positions surprised they've had trouble finding their next gig, too.