Are layoffs a thing now? Is the time of “The Great Resignation” and employees holding the cards over?

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How do I put this…layoffs have always been a thing and we’ve never held the cards lol

likesmart

Yeah the layoffs have never stopped. While I agree we don't hold the cards, the shift to remote/hybrid work has been an exception and 100% a reflection of employee preference. Just look to what the CEOs/Presidents have been saying and how little the actual workers have responded about going back and the value of in-office work.

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A “recession” has been “on its way” since the start of covid.

Also, the more we talk about this recession, the more likely it becomes. So let’s all shut up.

likefunnysmart

No “manifesting the recession” into the universe

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My company had a 25% reduction in force last week. Anecdotally, my next door neighbor who works in SaaS was also laid off in a 40% RIF at his company. Google, Facebook, and Stitch Fix also had reductions as well in the last few weeks. Seems like the tech sector is weak right now.

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Curious if anyone in this thread was a senior contractor during the last recession. How did it feel—less demand or more?

Great so - another good year to build the buffer? 😂

Yep.

Email me? Will keep your name anonymous. Olivia.Morley@adweek.com

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Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

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Hi Fishes @ PayPal. How’s the job security at PayPal? Are there frequent layoffs till L25?

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So no real layoffs?

Deloitte guys - Serious question.
How is Analytics & Cognitive doing at D? I have an offer and I am not sure if there will be layoffs again. I am on work visa so will be difficult.
Role will be for Google Cloud & Analytics. Current job doesn't suck much though.

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One issue with the work from home revolution will be the offshoring of jobs. I got laid off and my replacement will be from Mexico City. One time zone away and probably half my salary. It is what it is.

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Got laid off. Have savings to hold me until I find a new position but mostly I'm just embarrassed. Has anyone ever gotten laid off and not told their friends/partner about it? I just don't want people in my circle to know I failed basically.

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I am interviewing for a Sr. Program Manager role at Adobe. Glass door says ~252k. What a typical base would be? How does adobe feel in the market right now as far as layoffs and expansions?

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I got offer from IBM in my home location itself, with 18.5LPA fixed for 9 yea in automation testing. Here my manger is confusing me like layoff will after u join in IBM.. but I am in cts as 11.2 only .. but now I got SA promotion with 10 % hike .. and also no retnation for me also not there whether I can choose IBM or stay here .. kindly help guys .

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Hi everyone...

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Hi All,

Is it okay to join Mastercard Project from third party payroll?

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Hello Friends,

Please let me know which company to choose between below options in terms of WLB and also keeping recession in mind :

CitiusTech - 27.5 lpa fixed
Nouveau Labs - 30 lpa fixed and 1L JB

Both are Bangalore location.

Role : Automation Test Lead, YOE : 7.2 years

Thank you in advance!

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