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Ask HN: How is the job search coming along for people who got laid off?

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Re: Ask HN: How is the job search coming along for people who got laid off?

#521

Earlier quoted context omitted.

Ageism is often conflated with higher compensation expectations.

I'm in my late 50s. When I hear about the salaries that much younger folks are pulling down in the FAANG companies I'm generally pretty shocked - I've never made anything close to that and don't have any expectations to. My expenses are way lower than most of the younger folks in tech because my house is paid off (will be in about a month), we drive 20 year old cars and we're quite frugal. For most of the past decade…

If you're interested in connecting with a fellow 50-something, check my profile. Not sure if you're an engineer or other -- I'm a PM if it matters.

Re: Ask HN: How is the job search coming along for people who got laid off?

#522
post #476

Earlier quoted context omitted.

I'm in my late 50s. When I hear about the salaries that much younger folks are pulling down in the FAANG companies I'm generally pretty shocked - I've never made anything close to that and don't have any expectations to. My expenses are way lower than most of the younger folks in tech because my house is paid off (will be in about a month), we drive 20 year old cars and we're quite frugal. For most of the past decade…

Compensation in the SF Bay Area is another level but so is cost of housing in the SF Bay Area. So it's kind of a wash. Although if you're willing to rent and live frugally in the Bay Area you can save a lot.

One of the paths to financial success in the Bay Area is dual income households - the high pay for those families make it financially a no brainer to live in the area.

The compensation though makes take home pay far better than anywhere else even omitting that if you’re at a well compensating place (i.e. FAANG), even for just single individuals.

Re: Ask HN: How is the job search coming along for people who got laid off?

#523
post #210

Earlier quoted context omitted.

I'm not looking for anything right now but just out of curiosity you'd care to share a name? Even privately?

Company I'm referring to would fit the profile of a small/mid-cap publicly traded company. Compensation in any company of this size or larger is based on industry information. In essence, companies share their compensation via surveys and can then subscribe to a database which lists ranges for certain levels and roles and regions. Companies tend to have a ladder and different paths/comp levels for managers and indivi…

Sure I understand, but I was specifically asking about an example name since I know quite w bit of people around Hague/Amsterdam/Rotterdam and noone besides freelancers really goes above 70-90k eur/y from my experience. Hence my interest in who actually offers rates this high.

Re: Ask HN: How is the job search coming along for people who got laid off?

#524
post #26

Earlier quoted context omitted.

I would say not that bad if you take it from a different angle: what if you managed to get there and then laying off started?

Wouldn't that be better? They'd get a severance pay?

Highly unlikely you will get a severance pay as most company will only offer barely minimum required by law, which is is not much and definitely not worth the hassle. Also probation period makes things even worse for new starters as it can easily abused to dismiss a new employee for no good reason.

Re: Ask HN: How is the job search coming along for people who got laid off?

#525
post #275

Earlier quoted context omitted.

You can get way more than 100k if you’re applying to tier 1 and tier 2 companies in Berlin. I’m at around 160k (6 yoe); but I agree with you, we are getting paid less for the same work as our American coworkers

I’m having a hard time believing it, so pardon my skepticism but which company pays €160K for a 6YoE in Berlin?

I don’t want to say something that might dox me, but there’s quite a few, check levels.fyi

Re: Ask HN: How is the job search coming along for people who got laid off?

#526

Interviewed with about 28 companies for almost 3 months, without a single offer! I was starting to get really worried about money and burned out from interviewing. In the past I've never interviewed with more than 2 or 3 before getting an offer I now this is incredibly privileged. I'm not humble-bragging, just observing the change in the market. As things usually turn out, during the last week of the 3-month search I…

I had the exact same experience about 5 months ago. > 40 applications, ~30 responses from recruiter, did at least 1 phone screen at 20 of them and around 10 full interviews (4-6 modules each). It was brutal and I don't recommend it. Almost 20 years of experience at great large & small companies in the SF Bay Area. I like to think that I'm relatively intelligent and competent, but man, some of the interviews were tort…

I always ponder, after the years of experience - wouldn't you just leave the interview if it feels like torture?

I never ended up in a good place when it felt this way...

Re: Ask HN: How is the job search coming along for people who got laid off?

#527

Interviewed with about 28 companies for almost 3 months, without a single offer! I was starting to get really worried about money and burned out from interviewing. In the past I've never interviewed with more than 2 or 3 before getting an offer I now this is incredibly privileged. I'm not humble-bragging, just observing the change in the market. As things usually turn out, during the last week of the 3-month search I…

Well I don't know what exactly is wrong with me but I typically have to interview for months with several companies before I even land one offer. I have more years of experience than you (for perspective).

Re: Ask HN: How is the job search coming along for people who got laid off?

#530
post #168

Earlier quoted context omitted.

I keep hearing this trope but this is very naive. A manager simply cannot keep hiring into bottom 6% role. All candidates are subject to the same type of interviews. Every interviewer has to give a "hire" decision for the new candidate. Then there is a bar-raiser interview in Amazon where the interviewer belongs to an unrelated team. They need to give a "hire" decision too. Unless all of this happens, a manager canno…

I saw this happen personally. I was in the interview loop along with the hiring manager, HM was not inclined but the bar raiser and other people on the loop, myself included, were inclined but as a downlevel (L7 -> L6). Candidate is hired, I start mentoring him, he gets dev-listed (aka Focus) within two months, is pushed out by month six. I can only assume the HM had an axe to grind against this candidate, and saw a…

“I can only assume” is I think the key to this comment, however let’s explore some hypotheticals.

You are a Director; you have a 350 person organization; you’re leading a rapidly growing business (let’s say >40% YoY growth in revenue, not uncommon in parts of AWS); during the OP1 you secured incremental investment of 20% meaning you’ll grow to 420, which is +70 hires to make.

You’re goaled against a 6% URA meaning 21 people exit voluntarily after being entered to Focus, during Pivot, or involuntarily at the unsuccessful end of a Pivot.

If I spoke from experiences, I’d say the (vast) majority of your URA will likely come from the tenure group with Let’s take the extreme of this and say all URA comes from just the +70 growth, 21 people would be a 30% failure rate.

In a less extreme and more likely scenario: it’s more like some fast failures occur from the +70, others are slightly slower and show up after 12-18 months (that would be the prior years growth). Tenured people with e.g. >4 years sometimes start to struggle for whatever reason.

That’s not all that unexpected, in my opinion! Even with a structured well-used interviewing mechanism you’re getting perhaps 6 hours of signal and during this time the applicants are naturally very focused on “putting the best foot forward”. After a hire decision you work with someone for 6 months or more and ask “Is this what I expected?”, and “If I could make the decision again based on the signal I now possess, would I still be strongly convicted and proceed to hire this person?”. When the answers to these questions are “No”, that’s often what commences the performance management processes.

Now, this explanation works for growth businesses, it’s less apparent how 6% URA makes sense in a flat growth organization, since you’d be finding those cuts from a mostly tenured and presumably mostly proven set of people.

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