Is it the state of the economy or is it me? Fourth time being laid off, it's making me consider moving out of the industry.

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Its Bidenomics. As long as he keeps squandering money on foreign wars and handouts to buy votes, inflation and interest rates will stay high, causing companies to focus on cost cutting instead of investing in growth.

likesmart

Companies shifting focus from top line growth to bottom line profit is not the cause of inflation, its the result of high interest rates.

If you think that “corporate greed” is responsible, then ask yourself why so many companies made the same shift at the same time, and not before. Haven’t they always been greedy?

It has to do with the stock market. Companies in mega growth cycles can maintain high P/E ratios. But when interest rates are high, they can’t use leverage to fund growth initiatives, so to maintain their stock price, they have to get profits up to get their P/E ratios down.

It’s total gaslighting to accuse companies of price gouging and claim that the job market is good, when in reality they are generating their record profits by cost cutting and layoffs.

Try for a government job. They seem to pay well, have stability and great benefits. I started working in 1972 and have been laid off 10 times . I just wish I would have been smarter and tried for a government job.

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Nice! Do you work for a government job currently?

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41 and been laid off 3 times

helpful

It’s not you. I’m 36 and have been laid off three times already in my career.

Related Posts

6 months pregnant and just laid off. And 40% of my severance was just taken in taxes .. I just spoke with paid family leave and I no longer qualify even though I had been paying into the program (thanks NY).. I already applied for unemployment but doctors are telling me I’ve got 10-14 weeks left in this pregnancy.. so stressed having twins and being unemployed, no maternity leave, no paychecks coming in, and I’ve been applying but not a single interview.. just ugh. 😭

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I heard from my head that there is a lot of slowdown in VW Germany... There is Hiring freeze, level freeze and all ... And soon that will spillover to india. So be prepared for very less hikes in coming cycle :( Also automotive sector in general is struggling with tesla laying off 10% workforce recently. Maybe time to make a move? What do you say fishes?

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Are there any agencies in NY hiring a strategist during the pandemic? I heard many are getting laid off :(

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Was there any affect on your project due to Melbourne shutdown..........I see another potential lay-offs wave coming for Deloitte😬

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Is there a single collection of which agencies are hiring right now, which are laying off, furloughing, etc?

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I recently cleared all rounds of interview for Mindtree and waiting for the offer letter. However, since Mindtree has been recently acquired by LTI, is there any layoff expected to happen in Mindtree?
Kindly pls give me an idea about how the situation is now in both companies.

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The severance package at Meta for laid off employees almost makes it nice to be laid off depending on what your personal situation is….. personally wouldn’t mind getting 4+ months of full pay to reset and think about what’s next 😬

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Is this layoff?Amdocs

Post Photo
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How is everyone feeling amidst these layoffs? Hope everyone is taking care of themselves!

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Losing two key accounts. Layoffs look pretty much inevitable. Any agencies hiring a Project Manager in the LA/OC area?

any telltale signs of layoffs in tiger?

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Interested in a San Francisco/Bay Area networking/support group for consultants that have been laid off?
See comments for more details

likeupliftinghelpful

So, lay off until the pandemic blows over.

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Is anyone working somewhere with a hiring freeze right now? I started this job about 6 months ago and I'm worried I'll be the first one out now that they're officially pausing. Should I be looking for another job, and how much will this affect my resume if I get laid off?

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Does anybody work for Evolent / New Century Health? How is the culture? Any known layoffs?

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I’m a Junior accountant, recent MBA grad in Finance, located in NYC, just got laid off due to a merger. Anybody hiring or know any opening positions?

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How is the job security at Delta Air Lines ?
Do they layoff frequently?

HR had mentioned there were no layoffs at tech during the pandemic.

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Hey everyone, I was recently laid off from Meta. I am a senior technical recruiter, who also served 20 years in the military. I am looking for new positions working in San Diego or remotely. Any help would be much appreciated. Thank you so much.

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More Posts

Hello Fishes, Looking for referral for MERN stack dev position , I have total 8.5 years of experience currently serving notice period and can join within 20days , Thanks in advance

I see only people with huge lpa of 15lpa+with yoe 2 to 3 here. Anyone with yoe between 3 to 5 but is having an median salary of 5 to 9 lpa here? Just wondering!!!!!

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Hi fishes,
Looking for referrals in automation testing.
Tech stack - Java, selenium, TestNG, Cucumber, Postman API.
YOE - 4

Notice period 30 days. Chennai location preferred

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How good are PwC and EY around advanced analytics compared to K Lighthouse and Deloitte A&C? General feeling at the latter two is they only compete with themselves and PwC and EY are a few yrs behind.

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What’s DDB like these days?

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Setting up ConEdison for first time. How much should I expect to pay in monthly utilities for a studio (heat, gas, water incl)?

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What are the best agencies ( travel) for RN with one year of CVICU experience? Thank you

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Hi folks 👋🏻👋🏻

Anyone has blue points to exchange? I have 80 bluepoints. If interested then please let me know.

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So the National Consumer Helpline really works.
I had filed a complaint against Goibibo, who delayed my flight cancellation request until 1 day before departure hence the airline charged a higher cancellation amount.

A friend of mine introduced me to the portal when I filed a complaint explaining the matter in detail, uploading Twitter DM screenshots, where the company was clearly denying responsibilities on the above.

Took 2 months but today my refund was initiated by Goibibo.

likesmart

How do you get used to someone looking over your shoulder and watch you design? It makes me so nervous

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Where do you find nice typefaces? Adobe TypeKit isn’t looking too hot right now.

likefunny

What are some good online communities (on Discord, Slack, etc) to join as a designer? Want to connect with fellow designers, possibly work on hobby projects together, etc... There seem to be quite a few for newbies in the space but looking for ones that aren't predominantly students/designers in training

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MBA background check: do they do detailed reviews of your essays? Like check anecdotes? Some of my verb choices likely give myself a bit more strict than I deserve. Do they call other managers?

funny

What are thoughts on Rotman with $$? Debating between that and just wait another year for T15. International student looking for jobs in Canada, 720 GMAT, 3 yoe at big 4

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Learned through my program I am selected as a Forte Fellow. Anybody know what this means or if it provides scholarship?

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Hot take. Is FAANG even a thing? Or was Cramer just worried about the acronym if he took out Netflix?

likefunnysmart

Joining ACN as an SM, what should I expect? 12YOE in tech consulting

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Hi everyone. Is it typical for the attorney to take credit for the work a paralegal does? An example: I gave some ideas about deposition questions and some observations I made (I was asked about giving suggestions) regarding a witness and the attorney mentioned that he’s the one that had these great questions/observations. Zero credit or thank you for the work I did.

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Additional Posts in Laid Off in Tech Support Group

6 months pregnant and just laid off. And 40% of my severance was just taken in taxes .. I just spoke with paid family leave and I no longer qualify even though I had been paying into the program (thanks NY).. I already applied for unemployment but doctors are telling me I’ve got 10-14 weeks left in this pregnancy.. so stressed having twins and being unemployed, no maternity leave, no paychecks coming in, and I’ve been applying but not a single interview.. just ugh. 😭

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Should I be reaching out to recruiters and hiring managers after applying to jobs? I've mostly been applying through LinkedIn, so finding the right person isn't hard. I'm just afraid of coming across as obnoxious!

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Any advice on networking to find a new role? I've worked in the same place for so long and I'm not sure how to get started.

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Hi everyone. I was a solution engineer at Oracle. I graduated from college in May and this was my first job out of college so the lay offs were pretty rough. I majored in Supply chain management and I have 2 internships under my belt. Do you guys have any advice or tips on what to do moving forward? I would like to stay in tech and I’m giving it a few weeks before I start pivoting to more traditional supply chain roles. Thanks.

likesmart

The severance package at Meta for laid off employees almost makes it nice to be laid off depending on what your personal situation is….. personally wouldn’t mind getting 4+ months of full pay to reset and think about what’s next 😬

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What do I say if my employer asks me if I’m looking for other work, or want to know if I plan on leaving at a certain date?

some context - I am a temp to hire, and the company wants to bring me on full time now that my contract with the agency expires this week.

Ps. I am looking for other work, but this job is holding me over.

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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

Hey team! So I was laid off from my SDR position about a week ago. A couple months back, I had an offer for a BDR position that I ended up turning down but I really liked and connected with the manager. Is it worth it to reach out? I applied to other positions in the same company. What about reaching out to previous co workers at a different company? Not sure how to navigate this… please help. Also I’m sorry if this is the wrong bowl to post in.

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Hey all!!
Hope you all are doing good.
Can someone share your thought of how to deal with this situation. I am completely lost in terms of my mental health. Not able to overcome and accept this situation. I think this is right place to ask, as we all are going through the same.

likehelpful

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