I’ve been unhappy with current employer for a while and was planning to find a new job until I started hearing ‘massive layoffs’ and ‘mega-recession’ all over the news. I haven’t built up a sufficient nest egg/financial safety net yet so am very risk averse here. Can’t afford to move and then get laid off. Obviously, anything possible, no guarantees, etc, but does anyone have any insight to share re the job market/outlook? Good idea to stay put or don’t worry about it/good time to make a move …?

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In my personal opinion only ;

The job market is relatively stable currently in the US, UK, Canada, DE, etc., definitely nothing like ‘08 is going to reoccur anytime soon. If it does the alarms would be ringing right now.

I was speaking to a group of senior talent folks from the Big 4 and MBB earlier this month and they conveyed that the talent market was still “hot” and “competitive”. Put in WFH preferences, skill shortages and growing client needs; the power is still in the hands of the employee/candidate.

I would go for it.

likehelpfulfunny

Doesn’t hurt to apply and see what’s out there. Even in recessions companies still hire. Doesn’t cost you anything but time to apply to some

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Moving to a mid-small sized company is a risk at the moment, would suggest you stay put. If moving to a large sized firm, they’re more immune (would have factored economic conditions into HC allocation) so such a move will be a (relatively) safe bet.

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Big 4, MBB and other great companies are still hiring. Big tech slowed down their hiring significantly but they haven’t done any layoffs. Obviously read up on recent company news before applying so u have an idea how the company is doing (I.e Snapchat, Netflix have done many layoffs recently so I wouldn’t even think to apply there)

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Agree

Also interested to hear this. Targeting exits in around 6 months

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