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No don’t worry recession doesn’t start till July so you’re good
Don’t worry too much. No one can predict the future. Just focus on the present
Easy for everyone to say “not to worry” when they’re not in your situation. I would make sure you don’t give your notice until after background check completes, don’t take time off between roles, and time your start for the day after your notice ends.
The above is the only correct answer thus far
First, if you're currently employed, you shouldn't worry about anything. If the offer is rescinded, you still have your current job. If the offer is still available, take it (and as the above says, never EVER give notice until all ducks are in a row and completed. Background checks, visa transfers, etc. Do not resign on the assumption everything will complete and pass)
Second, an offer can absolutely be rescinded during the initial phases of a recession. I was actively interviewing Dec 2019 and received 2 offers around Feb 2020. I accepted the better offer (but hadn't yet rejected the second) only to have BOTH offers rescinded a few weeks later. The reason I didn't (and you shouldn't) worry? See (1). I followed the same approach
“A life lived in fear is a life half lived”
There’s a reason you interviewed and accepted the offer outside of your current firm, don’t put your life on hold for a recession that may not happen in the near future.
In response to VPs comment below I wanted to confirm that I’m in the same boat as you OP!
Left my old firm in March after getting an offer and haven’t started yet so what I wrote above was the thought process I personally had.
Literally in the same boat! Signed the offer March 31 and still going through the BC. I haven’t put my two weeks in and nervous since the job is at a bank
Mentor
You should be safe. Banks are the safest bet job wise
I just got my login info last week. Starting date is first week of June. Less worry now :)
Glad to hear that! Enjoy the time before the new grind
Doubt it, Depends on what company it is.
If it’s a large company, they have a standard budget headcount is already set for the next few quarters. First they would freeze giving out further offers. They are unlikely to rescind offers unless it’s something unexpected etc.
If it’s like a series A/B start up, depends on their next round of funding. More stable if they just raised money.
Facebook has rescinded offers
Why do people worry so much about background checks. You know if you have something on your record or not. If you didn’t lie about anything and don’t have anything on your record, there is absolutely nothing to worry about. As faras timing, whether you leave a 4 week gap between jobs or 0 days. It doesn’t matter. Employment is at will in the US. Unless you explicitly signed a contract, they could rescind your offer before you start or fire you 2 days after you start. But you’re probably more likely to die in a car accident on your first day of work…
Where is this recession?
With 3% unemployment and strong consumer balance sheets, honestly only in people's heads at this point. Not that there cannot be a correction, but unless there is a black swan I cannot see a 2008 repeat. Seems to me everyone is a little panicky in this bowl lately.
Same boat, signed in March and waiting until June start date with Microsoft lol. Hoping there’s no issues..
Wow that’s amazing, did you negotiate a later start date or they did?
It definitely can happen. I'd suggest you continue interviewing and just don't put in your notice until it really is 2wks. Continue saving just in case there's a small gap.
Good luck!
My start date with ACN was delayed 3 months due to the pandemic. I know others outside of ACN had offers rescinded at the start of COVID, so I feel lucky. And Meta just layer people off. So it is possible, yes. But honestly, don’t have any advice since reaching out to a recruiter would do nothing, and there is no way to predict what will happen
Same OP - signed with Salesforce to start in June and I’m worried like sh*t
What company did you sign your offer letter at??
Salesforce
Think it highly depends on the company
Which firm
Just got my EY offer rescinded ain't no way this recession that bad lol