11–20 of 68 posts
It's funny to write "IBM (IBM)" and "SAP (SAP)".
It's because in the original text, the text in (parentheses) was the stock ticker symbol that linked to its chart performance:
https://www.cnn.com/2023/01/26/tech/ibm-layoffs-intl-hnk/ind...
The copy&paste removed the hyperlinks which makes the extra text look redundant.
I can well imagine there are lots of upset people having lost their jobs. However it never seems to be a priority or even on radar for jobseekers to consider how a a company handles layoffs or handled layoffs in the past as a proxy for their own treatment should that time come again. I wonder if this is partially because jobs seekers have over optimized for salary or total comp relative to other things like job secur…
Personally I'd focus more on making a layoff less of a traumatic event than playing ultra safe with a low salary in a low risk company. For most software engineers it's not hard to build up a significant emergency fund. I'd advocate for 6 figures. Feel free to invest 80% of that as well in something liquid. Keep at least 3 months in cash.
Earlier quoted context omitted.
Personally I'd focus more on making a layoff less of a traumatic event than playing ultra safe with a low salary in a low risk company. For most software engineers it's not hard to build up a significant emergency fund. I'd advocate for 6 figures. Feel free to invest 80% of that as well in something liquid. Keep at least 3 months in cash.
Any recommendations on what type of accounts to use or what might be decent investments? I certainly wouldn’t put anything I’d call an “emergency fund” in stocks right now
Following the trend :-( Time to get rid of people they don’t want, without them look bad since everybody is doing it, and also they’ll have an excuse if financial results aren’t very good. IMHO it’s the retaliation of big companies to what remote working brought to all of us (freedom, better wages, quality time, escape from bad environments…).
COVID had many enlightening observations about the economy, one of which is that there was a lot of inelasticity in consumer demand versus compensation. Companies have realized that there is a lot more value to extract from employees.
Following the trend :-( Time to get rid of people they don’t want, without them look bad since everybody is doing it, and also they’ll have an excuse if financial results aren’t very good. IMHO it’s the retaliation of big companies to what remote working brought to all of us (freedom, better wages, quality time, escape from bad environments…).
The truth is that companies could afford a lot more less ROI positive resource investments, and yes that even extended to hiring. Now that companies are in a situation far rougher than anything we've seen in the past 15 years (end of zero interest rate policy and cheap funding), companies are scrambling to cut costs and maximize ROI on their existing costs, so that they don't die. They have to, now.
I can well imagine there are lots of upset people having lost their jobs. However it never seems to be a priority or even on radar for jobseekers to consider how a a company handles layoffs or handled layoffs in the past as a proxy for their own treatment should that time come again. I wonder if this is partially because jobs seekers have over optimized for salary or total comp relative to other things like job secur…
Personally I'd focus more on making a layoff less of a traumatic event than playing ultra safe with a low salary in a low risk company. For most software engineers it's not hard to build up a significant emergency fund. I'd advocate for 6 figures. Feel free to invest 80% of that as well in something liquid. Keep at least 3 months in cash.
Earlier quoted context omitted.
Personally I'd focus more on making a layoff less of a traumatic event than playing ultra safe with a low salary in a low risk company. For most software engineers it's not hard to build up a significant emergency fund. I'd advocate for 6 figures. Feel free to invest 80% of that as well in something liquid. Keep at least 3 months in cash.
Any recommendations on what type of accounts to use or what might be decent investments? I certainly wouldn’t put anything I’d call an “emergency fund” in stocks right now
I can well imagine there are lots of upset people having lost their jobs. However it never seems to be a priority or even on radar for jobseekers to consider how a a company handles layoffs or handled layoffs in the past as a proxy for their own treatment should that time come again. I wonder if this is partially because jobs seekers have over optimized for salary or total comp relative to other things like job secur…
Earlier quoted context omitted.
Personally I'd focus more on making a layoff less of a traumatic event than playing ultra safe with a low salary in a low risk company. For most software engineers it's not hard to build up a significant emergency fund. I'd advocate for 6 figures. Feel free to invest 80% of that as well in something liquid. Keep at least 3 months in cash.
It’s not just the money. Losing health insurance is pretty bad, especially if there are others on one’s insurance.