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Ask HN: Have you been laid off?

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Re: Ask HN: Have you been laid off?

#121
post #82

Earlier quoted context omitted.

I have over 30 years of dev experience, full-stack with a focus on backend and preference for Go, and am currently in the progress of wrapping up a project with nothing in the pipeline. But I'm unfortunately stuck in Sweden.

Yeah, unfortunate for us that you're stuck in Sweden, but I hope you're able to find a good next project!

Curious why you can't hire world-wide for remote workers.

Re: Ask HN: Have you been laid off?

#122
post #98

>mandatory unpaid leave What does this mean, precisely? How is it different from firing staff?

When you have a layoff, the former employee can file for unemployment. Which is money that comes from the company (through a circuitous route). So it's cheaper to go "mandatory unpaid leave".

Re: Ask HN: Have you been laid off?

#123

I'm the founder of Key Values, which helps software engineers find teams that share their values. Not only do I live in the Bay Area and have many founder friends, but it is also my full-time job to connect tech startups that are hiring w/ devs looking for new roles, so I think I have a good view on this. I'm still gathering information on how coronavirus is impacting the job market, but what I know now is that many…

Chiming in here with a bit of data on the hiring side of things. I'm the cofounder of SharpestMinds, an ISA-powered mentorship marketplace for data scientists. For all the obvious reasons, we track the hiring rates for our grads very closely and have been keeping close tabs on the pandemic's effects on the tech job market. Our observations so far: 1. Hiring in tech has definitely not gone to zero, even for the junior…

60-70% drop meaning if it was 100 roles last month it's 30-40 this month?

Re: Ask HN: Have you been laid off?

#125
post #44

At the beginning of the year, I decided it was time to find a new job after 10 years with my employer. I spent February doing interview prep and conducting interviews. Back then, the COVID-19 was mostly limited to China, markets and governments weren't terribly concerned about COVID-19. I accept a job offer, put in my two weeks notice, and my last day at was last Friday. Hardly anyone was seriously concerned about CO…

> But in February, there wasn't any sign of an economic downturn. Everyone was enjoying the bull market.

First: I’m super sorry about what you’re going through and I hope things work out with your new employer.

Second: I worry that “nobody could have known” will be the narrative. A very large portion of my circles was aware that COVID was about to explode and that the prevention measures would either drastically slow the economy or not be taken and the impact would be worse. Super uncontroversial. And like, I’m just a guy.

On an individual level, that excuse is unfortunate, but the individual level doesn’t matter much (except for the individual, of course). On an institutional and a governance level, we’re likely to excuse the failures of our leaders because we ourselves weren’t paying attention.

Re: Ask HN: Have you been laid off?

#126

Our leadership announced the possibility of paycuts in the near future. The company I work for had some pretty aggressive hiring targets for Q1 and I'm one of those hired, so naturally I expect that, should things get worse, they will follow a FILO staff-reduction strategy.

Probably FIFO :(

Re: Ask HN: Have you been laid off?

#127
Just found yesterday out that I'm being laid off at the end of the month.

Sadly, I wholeheartedly believe that the owners are using the coronavirus as an excuse to close their already-failing company. The company has been in slow-motion dissolution for the better part of a year, and now they're blaming the entire thing on the virus outbreak so that they have a narrative to tell that covers up some of the mismanagement that makes the closure of their company look bad. Now they have an effective smokescreen that shows that the closure was "outside of their control".

I have no doubt that many other companies will take advantage of this opportunity to close without the shame or stigma of having closed a failing company. There is almost no downside to using this as a guilt-free chance to rapidly shut down at a time where employees need stability more than ever.

All of that said, the company was conscientious enough to give us all two weeks' notice, pay out our PTO plans (that might just be required by law, though), and additionally pay out any pending bonuses to employees that had been agreed upon. They certainly didn't have to do all of that (even if some parts are just them following the law), and I appreciate them for taking those particular steps to help all of us transition to new positions.

Luckily, I started looking for jobs nearly a month ago and had begun preparing my resume and materials back in December, so I've already had a good number of interviews and am waiting to hear back about two positions in particular.

I'm keeping my fingers crossed and doing a lot of email refreshing, but if I'm being really honest it seems grim. I've already heard that many other companies are implementing a hiring freeze with the virus outbreak, etc. I can't help but shake the feeling that I should have started applying about a month earlier.

Re: Ask HN: Have you been laid off?

#128

I'm the founder of Key Values, which helps software engineers find teams that share their values. Not only do I live in the Bay Area and have many founder friends, but it is also my full-time job to connect tech startups that are hiring w/ devs looking for new roles, so I think I have a good view on this. I'm still gathering information on how coronavirus is impacting the job market, but what I know now is that many…

Chiming in here with a bit of data on the hiring side of things. I'm the cofounder of SharpestMinds, an ISA-powered mentorship marketplace for data scientists. For all the obvious reasons, we track the hiring rates for our grads very closely and have been keeping close tabs on the pandemic's effects on the tech job market. Our observations so far: 1. Hiring in tech has definitely not gone to zero, even for the junior…

> SaaS businesses with predictable revenue streams and some degree of economic insulation from the "meatspace" economy

Those are most likely lagging by a few weeks or a month. Monthly subscriptions are arguably the easiest to cut and companies are looking to cut non-essential services.

Re: Ask HN: Have you been laid off?

#129
post #98

>mandatory unpaid leave What does this mean, precisely? How is it different from firing staff?

Well, that depends. On the one hand, maybe it means that they are expecting to be able to survive long enough to bring everyone back and are wanting to cover insurance benefits a bit longer. Or perhaps it means that they are trying to use the current bank account balance (presumably a few months worth) to stay solvent a bit longer, hanging on to the point where they have absolutely no money left-- when of course everyone's unused PTO would disappear.

Re: Ask HN: Have you been laid off?

#130

Does anyone have advice from 2000/2008 about what happens to immigrants on visas? When the work dries up do we all just have to leave and go home?

If you are on H1 then once you lose your job you'll be immediately out of status. Now being out of status is not a very big deal, but it does mean you'll need to find a new employer willing to sponsor you as soon as possible. USCIS is generally forgiving if your out of status period is not too long (they might require you to leave and then re-enter the country to get back to status though). Also living out of status is not fun - in addition to loss of income you'll have difficulty with things like renewing driver license or traveling out of country.
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