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Rising Star
Fear mongering
Chief
Trying to scare you out of job hopping
Ooga booga
Chief
Scare me? Or I’m trying to scare others.
Seems to have started or at least hiring frozen. Saw multiple articles this week.
https://www.google.com/amp/s/fortune.com/2022/05/05/meta-netflix-robinhood-tech-budget-costs-layoffs-hiring-freeze/amp/#scso=_T-l1YrHMGYmKwbkP-rKjmA823:446.18182373046875
https://techcrunch.com/2022/05/06/startup-tech-layoffs-in-may/
https://www.businessinsider.com/layoffs-sweeping-the-us-these-are-the-companies-making-cuts-2022-5?amp
I know a campus hire at Meta who got their offer rescinded. It was a technical role
Pro
Saw a recruiter on LinkedIn who was laid off from meta days before her start date.
Rising Star
I’ve just accepted an industry role that I start soon… these posts make me worried ha…. It’ll be fine, right? Right?
Rising Star
I’m on a 13 week notice period! Accepted back at the start of March… just counting down the days.
A lot of startups have the exit strategy to either go public or get bought out. They have a limited period to reach the target and use multiple rounds of fundings. None of the exit strategy is lucrative or practical now with current market sentiments, the findings are drying up and revenues are not enough to keep them going with the high head count. So it’s obvious - trim the fat.