> After last year's layoffs they told us they were "done" and it was "all behind us". Last year then turned out to a better year financially than 2022 (we have access to the top line numbers)
I've seen a manager at a large company make "once in 10 year cuts", then the next year make similar cuts. This was maybe 5/10 years ago and they still cut like this today - how on earth they are still operating I don't know.
One of the tricks they pulled was to sack a senior role and simply add the entire senior role to a junior role, but keep pay, etc, the same. The sell the idea to the junior employee they told them that it would help with promotions. 5 years of no promotions and insane stress they were out.
They are also legally required to have some positions filled with qualified people, but they have unqualified people working those positions with "on the job training".
The company itself has declared internally it will be bankrupt as early as next year without some form of financial assistance. COVID just about killed them with excessive borrowing to make up for missed revenue, to survive and come back into a poor economy.
I know two people working for this company, one is looking for another job, the other is stuck in the company as they did a deal with University support in return for being retained for some years.
> Never get invested emotionally. SWEs in particularly no longer live in a world where you can expect to have a rewarding career working for >=5 years at any given firm.
How many people work for a company now that they believe will be around in 10, 20, 50, 100 years time? There's an extremely high chance you will far outlive the company you work for.
> Take their fucking money, build a big emergency fund, save, invest, and focus on the rest of your life outside of work.
Given how things are going, I would suggest tangible assets that can be easily liquefied, even if in a poor economy.