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Companies that are wasting their capital will do layoffs. That includes people working at profitable companies who happen to be working on projects that either don’t make sense or are not financially viable.

Most of my friends who got laid off said they were working on these types of projects, so obviously anecdotal. I was curious so I asked them.

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Yep, as much as everyone wants to assume that everyone in the C-Suite is an idiot - I am quite certain they also know that a lot of the work that is being done in big companies, doesn't actually need to be done - but when times are good, those projects get funded anyway.

Advice to younger folks, try to get on a project in your company that is critical to its success if you are worried about job stability - still not a guarantee, but better than being on some VP's vanity project that doesn't move the needle for the company at all and is likely to get shutdown on a whim.

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