Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Where have all the laid-off tech workers gone?

economist.com

Post reply on HN
Print view View original

71–80 of 451 posts

Re: Where have all the laid-off tech workers gone?

#71

Post by red-iron-pine »

robin_reala wrote: post #28
nubela wrote: post #18

We actually tracked every laid off individual from Google to understand the story behind the layoffs. Here's the summary: - 747 out of the 2,762 laid-off Googlers have since updated their profiles to indicate a change of employment status in the last 4 months since November 2022. - Only 56.7% of these people joined a tech company. - 1/3 of these ex-Googlers joined startups. See the full blog post here: https://nubela…

“every laid off individual” should be “every laid off individual with a LinkedIn account”.

I wouldn't be surprised if most FAANG and similar tier companies require a linkedin account; mine did.

HR sent policies, and would help you with a headshot, with the idea you'd use that w/ your email, Teams, etc. as well.

Re: Where have all the laid-off tech workers gone?

#72

Post by 300bps »

red-iron-pine wrote: post #71
robin_reala wrote: post #28

Earlier quoted context omitted.

“every laid off individual” should be “every laid off individual with a LinkedIn account”.

I wouldn't be surprised if most FAANG and similar tier companies require a linkedin account; mine did. HR sent policies, and would help you with a headshot, with the idea you'd use that w/ your email, Teams, etc. as well.

Is that requirement to aid in the prevention of double-working?

That is, people who accept two full time jobs and do a half-assed job at both of them.

Re: Where have all the laid-off tech workers gone?

#73

Post by saalweachter »

rcarmo wrote: post #69
saalweachter wrote: post #55

Earlier quoted context omitted.

What, if you were laid off with 10+ years of savings from a bigtech salary and 30-40 weeks of severance and continuing benefits, you wouldn't (after a few weeks to process and recover) begin hammering out a prototype to that idea that's been in the back of your head for the last 5-10 years? You could burn half a year and still have ten weeks to do a job search.

You assume too much regarding parting terms, and I don't see any mention of family responsibilities in that rosy scenario of yours.

Those are the terms from Google's announcement: https://www.google.com/amp/s/blog.google/inside-google/messa...

10 years gives you 36 weeks of severance, plus 6 months of healthcare.

If you have a family, you're never going to have a better opportunity to spend several months working on your side project without measurably impacting your family's stability.

Plus, when you do need to resume your job search, your resume is now "I spent ten years doing these things at BigCo using their proprietary tooling, plus here's the demo of the thing I tried to startup the last six months using off the shelf frameworks, which I am now already proficient in."

Re: Where have all the laid-off tech workers gone?

#74

Post by robin_reala »

red-iron-pine wrote: post #71
robin_reala wrote: post #28

Earlier quoted context omitted.

“every laid off individual” should be “every laid off individual with a LinkedIn account”.

I wouldn't be surprised if most FAANG and similar tier companies require a linkedin account; mine did. HR sent policies, and would help you with a headshot, with the idea you'd use that w/ your email, Teams, etc. as well.

That sounds spicily illegal to my (admittedly EU-based) eyes, unless it’s literally written into the contract.

Re: Where have all the laid-off tech workers gone?

#76

Post by colonelpopcorn »

Eisenstein wrote: post #75

> John Deere, an American tractor-maker, has been snapping up fired tech workers to help it make smarter farm machinery. Oh yay. Who wants to work for a company that is actively antagonistic against its own customer base?

The same people that wanted to work for Meta and Amazon?

Re: Where have all the laid-off tech workers gone?

#77

Post by bee_rider »

esskay wrote: post #23
Beaver117 wrote: post #13

I can't find another job even with a FAANG background. The market is brutal. Maybe my only choice is to start a startup.

Are you expecting a salary similar to the one you were getting at a FAANG though? Because that seems to be the main issue - FAANG people thinking they're worth way more than they actually are.

I imagine most places wouldn’t turn their nose up at, like, and ex-Apple or ex-Google person. Facebook might not be as impressive.

Re: Where have all the laid-off tech workers gone?

#78

Post by hgsgm »

nubela wrote: post #18

We actually tracked every laid off individual from Google to understand the story behind the layoffs. Here's the summary: - 747 out of the 2,762 laid-off Googlers have since updated their profiles to indicate a change of employment status in the last 4 months since November 2022. - Only 56.7% of these people joined a tech company. - 1/3 of these ex-Googlers joined startups. See the full blog post here: https://nubela…

> 56.7%

Do you know what a sigfig is?

Re: Where have all the laid-off tech workers gone?

#79

Post by hgsgm »

rcarmo wrote: post #69
saalweachter wrote: post #55

Earlier quoted context omitted.

What, if you were laid off with 10+ years of savings from a bigtech salary and 30-40 weeks of severance and continuing benefits, you wouldn't (after a few weeks to process and recover) begin hammering out a prototype to that idea that's been in the back of your head for the last 5-10 years? You could burn half a year and still have ten weeks to do a job search.

You assume too much regarding parting terms, and I don't see any mention of family responsibilities in that rosy scenario of yours.

Most startup founders are over 40.

Re: Where have all the laid-off tech workers gone?

#80

Post by hgsgm »

em500 wrote: post #37
esskay wrote: post #23

Earlier quoted context omitted.

Are you expecting a salary similar to the one you were getting at a FAANG though? Because that seems to be the main issue - FAANG people thinking they're worth way more than they actually are.

“Moving down” can be more difficult than it looks. Anecdotally, employers can be reluctant to hire “overqualified” people (indicated by a high previous salary), because they believe these people will jump ship at the earliest higher paying opportunity elsewhere.

New employer has no reason to know previous pay.
Post reply on HN