31–40 of 184 posts
I work at a startup currently and am wondering if it’s time to start job hunting at the big companies because I worry about stability. There will be some flood of labor soon I can feel it in the air and I want to get in before that
Big companies have layoffs.
I work at a startup currently and am wondering if it’s time to start job hunting at the big companies because I worry about stability. There will be some flood of labor soon I can feel it in the air and I want to get in before that
In this case _my_ assessment is that we're facing a prolonged period of high inflation partially fueled by factors which can't be mitigated by Fed actions (COVID lockdowns in China, global transportation backlogs, European conflict, food shortages) and perpetuated by high household savings levels. I don't think we're going to face significant slowdown of consumer spending this year.
In that economic environment, consumer staples which do their own production and have the ability to quickly respond to inflation are favoured. I'm in a sector ETF for this.
I also believe profitable tech which is ad-funded is at an advantage - anything where prices are set by auction and ROI is demonstrable/visible is golden, as are industries like cloud computing which have natural deflationary economics. This implies Meta/Goog/MSFT (and in this I'm betting on specific tactics and am choosing specific companies).
Those are my bets, you should form your own hypothesis and extrapolate appropriately.
Also note that these are systemic factors, but will always be dominated by idiosyncratic realities. Individual stocks are only loosely correlated with sector movement, if you think you have a winner or asymmetric knowledge about a specific company don't let larger trends dissuade you (or vice versa).
Finally, a corollary to the above: when you invest on macro/sector trends, do so through sector/strategy ETFs. If you're investing on asymmetric knowledge or insight, invest in specific equities. Combine the two strategies at your peril.
Earlier quoted context omitted.
> Companies that cater mostly to luxury clients Nah - look at what happened to the Boating industry in 2009. The values of jetskis, sailboats, etc took a major hit as demand dried up. Boats are considered luxury items
You have a valid point, I was thinking luxury retail.
Yes, even Microsoft had some layoffs back in 2008-2009, and Google had some 'stealth' closures. Also they did a hire freeze as well back then. Just right now they laid off the GCP customer support team. We know all the others (Uber, Airbnb, Lyft, etc, had all layoffs as well).
It really depends on the CEO's mentality. Some companies, even if their balance sheet is fine, they will use as an excuse to cut some fat.
So far only Apple and Meta are the exceptions.
We're arguably in a recession right now: https://en.wikipedia.org/wiki/COVID-19_recession Companies offering free services or cheap ownership of things should do well I think, but any company that relies on subscriptions or upgrades would be hit hard.
Fingers crossed that this would reduce the obnoxious trend of pay a sub for locally run SW. I recently looked in to apps that would help my workflow out on MacOS and all the ones that might have helped were leachware.
I work at a startup currently and am wondering if it’s time to start job hunting at the big companies because I worry about stability. There will be some flood of labor soon I can feel it in the air and I want to get in before that
> There will be some flood of labor soon I can feel it in the air and I want to get in before that
I'm currently still getting several recruiter emails per day. I realize this could change quickly, but so far we're still very much in the talent aquisition and retention phase (in tech, anyway).