Surviving Tech Layoffs
Time to take stock of your situation and create a plan
It’s no secret that growth era of tech is coming to an end for now. The last decade-plus has allowed tech companies to run it fast and loose, where revenue, Daily Active Users, and subscriptions are all that mattered. Headcounts exploded to deploy VC capital to show that things were being done, regardless of the actual output of those employees. No one really kept a close eye on the money since it kept pouring it at unprecedented rates.
Now that we are officially in a recession and the money has stopped flowing in, tough times are ahead. It’s time to understand that your employer will start laying off people in order to clean up budgets to survive until we exit this current period. Even name brand companies with massive bankrolls like Microsoft and Google have slowed their hiring down. If your company was aggressive the last few years in employment it is wise to start running the calculus of where your stand at your job and start making plans if the math does not work out in your favor. Not to worry friend, as this article will provide guidance on how to minimize your chances of being laid off.
