What are the best ways to survive a recession / job cuts? Any advice appreciated

likefunny
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1. Don’t Panic
2. Start saving more, cash is king
3. Cut down unnecessary expenses
4. Ensure you’re busy at work. Sometimes it could be working on projects/clients you don’t much like

likehelpful

@C3 because few other assets are as liquid and stable as cash is at the moment. You can find returns in illiquid markets right now, but the equity market’s volatility is turning many investors into cash holders right now

Do the same thing you do everyday

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Work even harder. Observe the Principal on your team, and anticipate any extra work that you can take from their shoulders, e.g. draft emails for them, pay the taxi, arrange their dinner.

funnylikesmart

Pay the taxi and arrange dinner… Who do you think are you P1? Lol

funny

Side hustle! If you are not building your dreams, you are building someone else’s.

likefunny

What?
I’m wondering why you would make your dreams a side part of your life. If they’re truly your dreams, they’d be the main part of your life, and your main hustle, not your side hustle.

Idk wtf your comment is referring too

Join a rx firm and hold onto your hat

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Be billable nonstop. And take on addition business dev or solution building support work.

likehelpful

Daddy increase my utilization

Keep your head down, stay consistent & reliable, and save $.

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MD1 said it

If you’re billable, you’re 99.99% safe. Stay off the bench.

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And also stay off projects that get canceled or have budget cuts.

Put a spoon under your pillow and pray

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Thanks for all your responses everyone! Just trying to see best way to show value since I am quite Junior + on visa

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Goldman layoffs hit quick. 🫡 good luck out there

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