Layoffs.fyi
layoffs.fyi
layoffs.fyi
The whole process took 9 months.
The front door of companies is always locked due to the unintended consequences of trying to scale up HR and recruiting. Hang out by the side door, and an insider will let you in. (Remember that "bad recruiting" is a problem insiders are trying to solve, just as you are.)
The good ideas will continue to be funded, so keeping a keen eye out and being in a position to jump makes sense.
The pay is so meh that it is not worth it
The key is patience, persistence, keeping multiple options open, flexibility, and understanding the needs of your future colleagues. When it works it looks lucky, but you can't rush "luck" of this type. :)
It depends on whether you want /a/ position, or /the/ position. My past few jobs have been perfect fits for my background and interests, and I genuinely enjoyed work.
A random SWE position is petty fungible. Perfect fits are rare. Markets are pretty inefficient too, so you can command better salary or benefits, if you want.
Put yourself into a situation where you can take your time, then take it. You are responsible for making your own reality.
Absolute desire to leave but not for some rubbish compromise out of desperation. It can be frustrating but I believe it will be worthwhile to get the right role. And, importantly, I'm in no despeate rush.
I was looking for remote work, could be related?
pay is 2x average + bonuses/stock options
still nowhere near US though
When I click on a column header to sort the data, a "sorted by 1 field" dropdown opens and covers the top rows of the newly sorted data. Then if I click the x in the corner of said dropdown, it removes the filter (and doesn't close the dropdown). Clicking outside of the table doesn't close it either, since the table is embedded.
Also, this is great but it'd be helpful to add "employees hired" (not necessarily by the same companies that are laying off) since March 2020 too to calculate the net impact instead of having a linear metric that just grows.
https://en.m.wikipedia.org/wiki/Fucked_Company
Ahead of his time, my man Pud was.
Some of the more recent names I recognise on the layoffs.fyi list are Zillow, Peloton and Robinhood. These have all had unique, headline-making difficulties so perhaps they don't reflect the market as a whole.
It's hard to believe the good times will continue to roll even in the tech sector though. The boost that some parts of the industry received from profound lifestyle changes on a societal scale caused by COVID is history and the boom in tech stocks is long past with widespread and sometimes very large corrections since.
Now the entire global economy is surely going to take a big hit. Some sort of normal life returns but the costs of the economic damage from the virus itself and the huge support schemes many governments put in place come due. The actions of certain belligerent leaders aren't helping. All of this will surely dampen investment so say goodbye to the kind of crazy startup that gets way more funding than it really needs and goes on a huge hiring campaign because it doesn't know what else to do with the money.
I'm afraid some relatively young people in the software industry who think it's normal to job-hop every few months for a double-digit salary raise and to double-or-more their base through stock and bonuses may be about to learn a brutal lesson just as some of us older devs did in the GFC or dot-bomb eras before.
I guess that's not your point though?
If that's not currently the situation try to cut back expenses where you can to reach that state (to a reason), and imo even on the expense of 401k contributions (but please remember to start again once you have enough cash).
My advice:
- hoard cash, i.e. don't spend it on things you don't need right now, you might need it a lot more in 6-12 months just to pay the mortgage
-do anything and everything you can to have a nest egg that will give you 18-24 months of living expenses; 6 months won't be enough for a lot of people. Not easy for everyone I know, but if the SRHTF, it might take you that long to find a new job - and that new job might not pay as well as your old one.
-get out of debt if you can. Again, not easy, but owning a house and car free-and-clear is an awesome feeling when the economy goes into a bad recession and you don't risk losing your house as long as you can pay taxes and insurance.
-get a side-gig or two on top of your job if you can, having a few irons in the fire is never a bad idea if you can handle the extra work.
-not a good time to switch jobs to a risky small tech company (or even a big tech company) if they never, or rarely make money - sooner or later VC's will stop writing checks to companies that don't have a prospect of becoming profitable - in a severe downturn, VC's will cut their losses and move on; these types of companies will be hit the hardest.
-if you are working at mega-corp, try to get on - or stay on a team that supports or develops projects that are really important to the core company functions and/or makes them money. Not a good time to be part of a 'special group' exploring some new technology pr product that might not ever pan out - when big corps tighten belts, look for those types of projects to get shut down.
Would the OP or someone else familiar with the site be able to provide more insight on the data? The site also allows users to submit layoffs so the data is crowdsourced too:
Where are people moving their money to?