Re:Silicon Valley braces for the good times to end
by kodah on Saturday June 11, 2022 @10:43AM
(#31704784)
I went through 2009 as a young programmer. The whole rest of my life has been built around surviving the next recession. I started interviewing when I saw home and rent prices surge half way above average salaries. A couple things I learned from the last one:
- Government adjacent jobs that are needed are good, especially if part of a requirement contract with a publicly traded company
- Geography ultimately determines impact; recessions move like earthquakes. Cities can bounce back quick.
- Cash is king, but be ready to switch back to stock based comp
- You won't get a home deal right away, it takes a bit for people to give up and sell their home. Bankruptcy takes longer.
- Every 5% of unemployment results in 40k suicides, be nice to folks. Everyone's hurting.
- Government adjacent jobs that are needed are good, especially if part of a requirement contract with a publicly traded company
- Geography ultimately determines impact; recessions move like earthquakes. Cities can bounce back quick.
- Cash is king, but be ready to switch back to stock based comp
- You won't get a home deal right away, it takes a bit for people to give up and sell their home. Bankruptcy takes longer.
- Every 5% of unemployment results in 40k suicides, be nice to folks. Everyone's hurting.