281–290 of 333 posts
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That's a great advice. Yes I am in the US.I will start that application right now. I panic paid off my car insurance just in case things get worse. I'll shop for a cheaper phone plan. Gym memberships, online streaming and frivolous stuff will go. Capitalism for the win.
Capitalism didn't give people an appetite for bat.
In my country if you have full employment you have a 2 month notice and they need to prove the need or cause for firing.
I woke up today with a nice surprise from HR. I got laid off. It was the most impersonal and robotic email I received. 20 minutes later all my accounts got disabled, not a chance to even say farewell to my nice co-workers. It sucks. I don't have a ton of savings. Luckily my car is paid off, and I only have student loans left. I was very tempted to inflate my lifestyle after I got a big raise. I didn't do it, otherwis…
Goes to show, companies don't give a damn, and people will start realizing this pretty fast. "Company family" my ass dude
Companies backed by finance guys are psychopaths. They only have one goal - to make as much money as possible. They will sacrifice the people on their teams to get there. This goes for VCs, public companies, private equity, debt finance companies etc.
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Goes to show, companies don't give a damn, and people will start realizing this pretty fast. "Company family" my ass dude
Companies are like individuals. Some companies go far above and beyond to take care of their employees. I am the owner of an agency and converted our goals from profit to maintaining our team without layoffs. We are restructuring a bit to make this happen, but have not laid anyone off. We do not anticipate doing so unless we lose 2/3 of our revenue. Companies backed by finance guys are psychopaths. They only have one…
My job of 9 years ended the last day of February. My plan was to take two weeks off and start looking for another job mid-March. I've been ready to change jobs, but I find job searches while I have a job frustrating. Each opportunity is a huge investment in time. Honestly, I find it easier to search for a job when I can give it my full and undivided attention. To make a long story short, I dropped a hint that I was r…
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You sure? I'd be surprised if even 10% of tech companies were hiring right now, regardless of location ...
Obviously but for now I still have many contacts on LinkedIn and former colleagues wanting to refer me to their current company. So yeah it's entirely subjective and I guess it'll heavily depend on how many times the lockdown is extended ...
Follow up ASAP & push for action in days, not weeks.
Lot of employees at companies are in the dark about the extent. I know companies that are putting on a show saying they're hiring but internal management is only hiring the absolute top talent out of layoffs.
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As someone running a company that is trying to keep people employed by cutting salaries: we don't want our employees to be scared about not having healthcare the moment they might need it the most. We talked it with everyone, we are all taking a pay cut (us, founders, were the ones making the least already so I think our employees understand) and we are doing everything possible to extend our runway until at least ne…
us, founders, were the ones making the least already I don't think people realise how common this is.
Sure, but founders also have magnitudes more equity than any employees.
It sucks for a founder of a company that isn’t profitable or has great growth but for a decent run company the equity is far more valuable than the salary.
Like Steve Jobs taking a $1/year salary and still being one of the richest folks on the planet.
As a founder you can still up your salary to a sustainable level and let your employees go. Employees don’t have that option.
This thread is unbelievable for me. In the US everyone is employed as if they are independant contractors? If your boss decides so you lose your job with a 5 seconds notice? In my country if you have full employment you have a 2 month notice and they need to prove the need or cause for firing.
The US doesn’t have much of a safety net. Covid-19 perhaps will take the toll of the most bankruptcies and preventable suicides in a wealthy nation.
We screwed this one up really bad.
My thinking was “economy is mega booming, I can always land a job if things go south”.
I was very wrong, things have gone quite south. Savings I had in stock vanished 30% of their value. A lot of anxiety. I could ride a couple of months but then shit’s gonna really hit the fan.
My heart goes out to all who've lost their job (and those who's health has been impacted by COVID-19). In case you want to get perspective of the huge US impact of unemployment, see this automated visualization. https://t.co/G5k24nxJRS
Original tweets (from a different Twitter account, belonging to Len Kiefer, an economist Freddie Mac): https://twitter.com/lenkiefer/status/1245702858449784832
http://lenkiefer.com/2020/04/03/us-labor-market-update-april...