Are company layoffs good or bad for business for the people who's jobs are staying? My company of about 200 people just let 15 people go. Is this a good sign or bad sign? I'm 27F with about 5 years experience at this company. Does this lead to more room for growth at this stage of my career or is this a red flag?

like
Posting as :
works at
You are currently posting as works at

It really depends on the nature of the 15 layoffs. Underperformers, bad team, team covering deprecated product. Chaos can be an opportunity on either side.

like

No, that's great advice! I'm definitely on the right side of the changes. I'm running the projects that are implementing the new technology. And that's great news, congrats to you on your recent promotion!

Layoffs could mean a number of things, including the company needs to make cutbacks. This could be a bad sign in that this is the beginning of more layoffs, but with your company being on the smaller end, that might indicate that the company is in financial trouble. However, it could be a good sign for you, as you could be promoted more easily, but I would hold out and see what happens next.

Thank you for the advice! I will stick it out for sure and see where this takes me.

It really depends on who was let go. There could be more room for growth if you are able to take on some of their work. These people could be recruiters or HR which would not leave room for growth, or could be some underperformers/people that do not go above/beyond, which could leave some new positions open. Its good to look at the type of role being let go and why to answer this question fully.

Seems like a you already know the answer then.
It would have been a bad sign if they’d been kept on.

So long as the area you are in is healthy then you should be fine.

Bad for the people getting laid off.....could be bad for you later but it really just depends.

Do you have any idea on the reasoning behind their layoffs? It could just be for reorganization in which they let go of those whose work is not considered relevant anymire to the goals that the company is trying to achieve. In which case, you're safe. If it was for lack of funds, then that would be a bigger issue.

Yes, they called it a reorg. I think you're right, there's nothing to worry about. Only jobs that have been replaced by new tech have been cut.

It's not necessarily a bad sign. Most of the time this happens because of unsatisfactory performances.

Chaos is a ladder

Related Posts

Can someone work at Bizops position at tech company share about your recruiting journey and how you prepared yourself to get the role? Looking to switch in the near future and would appreciate some advice🥰

like

Hi Fishies, I have got offer from Salesforce for Success engineer role. But I am working as a Salesforce developer. I do have a offer of Salesforce developer role from Deloitte. Can anyone please help me about the role and responsibilities of support role? Will it be good idea to switch from developer to support role? My YOE is 2.6.

like

Morning! Being laid off sux, I been down this road 5x in my career it never bets easier.

Dust off contacts and make your rounds
* if you’re in a good position to take time off do some, seems we all need a mental break anyway

likeuplifting

I already am a CFP, now thinking about getting the RICP. Who has it? What's the study time required?

like

How to be a data scientist and is there any good certification courses? I am a android developer with java and dart , also has knowledge on javascript. So will it be easy for me to adapt to new technology? Please share your valuable thoughts.

like

It’s Wednesday! How we feeling? Any tea? Heard stealth layoff are happening but not 100% sure if it actually happening.

like

What does a M1 Consultant grade mean? How far away from being Senior Consultant?

like

I feel like this whole S&O thing hasn't really changed my life within EY on a daily basis. Is that because the switch isn't clicked until July or? I figured they would begin soft transition now..

Hi fishes,
I am currently working as an UAT tester (both manual & automation) with overall experience of approx 3years. I want to switch to a business analyst role.
Is it possible to get a job for a business analyst position??
I am willing to learn the necessary skills required too but cannot afford MBA

Please suggest..

like

Privacy fish - Anyone taken the CIPM and can share what the exam is like?

Content outline seems like application of standard consulting approach, so how do they test it on an exam?

Big 4 alum - was looking at SAP on Aws opportunity in AWS - do I need to do AWS cert to qualify ? Also, for program manager do I need a specific certificate too? Have 10 yrs of sol arch exp in data and analytics as well as PN experience in Big 4.. please help

like

We have a big project going on and I am the only point person(initiate it, did lot of work, and knows the deets well), seems like my mgr wants to get a headcount. But I want to use this opportunity to get promoted, how can I get this across? Mgr is new(they fired my old mgr), mgr’s mgr is new too(re-org). So not sure if I should/can make a case, or how.

like

Anyone prepping for the SHRM-CP test? I’m taking a prep course this fall and would love tips or to know if there are any study groups out there!

like

Year 1: Should I be applying for analyst roles and studying for CFA if I know I don't want to stay in audit or work on getting my CPA and wait another busy season before I apply/request for transfer?

like

Looking for advice. I have a few offers in negotiations for Senior IT audit role. My main motive is to get out of toxic work culture in B4 consulting and public accounting. Looking for better wlb, better work culture and decent compensation to make good living. Currently in TX making around 110K TC.

1. Children’s Place: Base-110K . Probable bonus of 3-5%. No relocation assistance or sign on bonus. Based in NJ. Location is closer to all my friends and family
(Continued)

like

Does anyone work/has worked as an AM in the field of Architecture or in store planning? I’m currently in eCommerce/advertising but am speaking with a recruiter for an architecture which would be totally new for me.

Overall I’d like to know how you like the field, the pros and cons etc.

like

How difficult would a move from Southern Europe strategy tier 2 to London strategy tier 2 be?

like

Can I join in Nokia R&D unit for java, spring boot backend developer role considering current situation of layoffs in product based companies ?

Exp - 4 years
Tech stack - Java, Spring Boot, Microservices

EPAM Systems Cisco Nokia Dell Deloitte Deloitte USI Deloitte India Infosys Cognizant KPMG EY PwC Verizon Verizon Media Ericsson Huawei Technologies

like

Anyone got or knows someone who got laid off during a leave of absence?

like

More Posts

F this, I need some normalcy back in my life.

I'm going to wear a suit while I'm WFH.

likefunnyuplifting

Wake up on a Sunday and the first thing I see on Twitter trending is"Civil War" along with more violent clashes in Portland, a death, people online screaming the other side is plunging us towards the point of no return.

What a great start to the day...

likehelpful

How is Karmarama these days? Good work + nice people? Can’t access the campaign school reports…

like

Have you guys heard of IVY, The Social university ? I keep getting ads but not sure if it’s a good community to make connections. Any one joined from Boston?

like

Hot take - nuclear > wind/solar. It’s the only renewable energy source with enough potential to meet the energy needs. Uses less land, makes energy more efficiently, and the technology is already there and proven. Nuclear wastes are no fun but wind and solar have their own waste problems too. Thoughts?

like

Hi Fishes,

Need suggestion plz

YOE - 17.6,
Present CTC is 24.5 LPA.
Role - Scrum Master (SM) / Agile Coach (AC)

Not receiving calls for SM or AC even profile is good and have posted in LinkedIn, Naukri, Glasdoor. Known circles are stating that Service based companies in india won't pay more than 30LPA for SM / AC profiles as a reason for not getting calls. Is it true? Any inputs please ?

like

What is the most useful tool/ equipment in your art room?

IT Project Manager
Job Location : Dubai
Resource should be locally available in UAE
Should be bilingual (Arabic and English)
Please inbox relevant and interested profiles to "mano@mindpool-tech.com"
Should have atleast 4-5 years experience as a project manager and from Software Development, Enterprise Content Management background

like

Dear Nappily Ever After,
No one has an office, much less an assistant. Creative and account are different jobs with their own dress codes. But dumb, off brief ideas by white creatives do win.

like

What are some talents/hidden hobbies most of your coworkers don't know about?

like

Openings at VMware interested please DM

Post Photo
like

I’m starting a new job tomorrow and really doubting myself right now... Help for overcoming first day jitters?

like

Do you guys reward yourself when you see progress? And no, I'm not talking about food 😭

I went from 167 at my highest down to 142ish and got an LV purse to reward myself 🥳 went to the mail room after the gym today and I was stoked haha. Next goal is 130!

Post Photo
likeuplifting

Are home remedies any effective or are they just 🤡

What title for this job description?
I want to switch roles from a creative director who oversees all aspects of the company’s creative (marketing campaigns and brand building mostly; also production, performance marketing ads, product design, managing design team) to focusing 100% on building our brand, educating both customers and employees about our value prop. I hate managing people or logistics and scheduling. What would this role be called? Do you see it as demotion from CD?

like

Copywriters, what are your main responsibilities on a shoot? I haven’t worked on many and am never sure if I’m being helpful enough. I’m always ready to do rewrites on the spot if need be, but don’t know if there’s anything else I should be helping the team with on set.

like

CAIA vs CFA?

like

Question: what is an “Audit Senior”?

like

I’m a first-year MBB analyst. My dream role is helping energy / climate tech companies grow (more interested in ops/strategic work than in cutting checks). Are there funds that might be a good fit?

like

Hi All,

I joined
Tech Mahindra for 5 days only and didn't find suitable timing for my project and emailed resignation mail to manager and HR. After that HR asked me to resign over portal but at the same time blocked my portal. After requesting many times they didn't unblock my portal and pretended like they want to unblock but there is some issue going on and marked my profile absconded. I have cleared fnf but they are not providing reliving letter but added pf amount also. What to do?

like

Additional Posts in Finance

Does anyone know what the base salary increase is going from Analyst to AVP at Barclays in the UK is? Front office trading role

like

Working at a private equity firm as an associate/analyst is similar to that of investment banking.

like

Which firm hires the dumbest people?

like

Who here actually owns a car and what kind of car is it?

like

What can I do during downtime throughout my day to prepare me for investment banking? I have a while until I am eligible to move internally but I want to be prepared when the time comes

like

What movie title would you use to describe your current job?

like

We have a big project going on and I am the only point person(initiate it, did lot of work, and knows the deets well), seems like my mgr wants to get a headcount. But I want to use this opportunity to get promoted, how can I get this across? Mgr is new(they fired my old mgr), mgr’s mgr is new too(re-org). So not sure if I should/can make a case, or how.

like

Best gadgets, accesorios, etc. for traveling? What are the things you always take with you when you travel?

like

How long do Citi background checks take? Do they send you an application once you sign the offer?

like

Any CAIA holders out there? How have you generally been viewed?

like

How thorough are background checks? If I disclose a non-securities related misdemeanor from a year and half ago in advance, will I run into problems? Lateral hire

like

Blackrock. Got a informal offer but no follow-up with a contract. Noted they are working on it, but does it really take this long or red flags? How much longer would you wait?

like

How often do y'all pull all-nighters?

like

North Korea - the boy (country) who cried wolf?

like

Khaleesi is coming to Westeros!!!

like

Anyone else feel cautious about the JP wellness screening? Is this something they can use for drug testing? Even still it is weird giving my blood to my employer

like
like

Has anyone done the GARP Financial Risk and Regulation course? Was it educational? Did you do the FRM after?

Anyone know what other fishbowls are like?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal