Re:Shopify to lay off 10% of workers in broad shake-up
by toomuchtodo on Tuesday July 26, 2022 @10:10AM
(#32238494)
I had lost a job at the time (company dissolved) and had been unemployed for six months by the time the offer was extended, so the choice was easy. If you currently have a high income job and a robust emergency fund, you can make other choices.
Re:Shopify to lay off 10% of workers in broad shake-up
by pastor_bob on Tuesday July 26, 2022 @10:27AM
(#32238730)
Well, these people are getting at least 16 weeks severance. 4 months paid to grind at interviews. Then unemployment after.
I wouldn't worry too much if I were at a similar company.
Getting laid off during Covid was a boon for many people
Re:Shopify to lay off 10% of workers in broad shake-up
by ghaff on Tuesday July 26, 2022 @10:41AM
(#32238933)
It's certainly a nice severance package for this day and age. That said, hiring is pretty broadly more selective right now and may well become more so.
During dot-bomb, I got lucky and landed another (lower paying) job with someone I knew at a small company. But there were a lot of people who were out of work or underemployed for a long time. And some I knew on the older side never really recovered I think.
That's really the calculation people need to make.
At a large tech employer? How are they doing? Is what you're working on strategic? Do you seem to be valued or are you maybe a bit on the bubble?
Depending on the answers, it may make sense to stay put or it may make sense to find a life raft even if it isn't as cushy in some ways as where you are. And, as someone else noted, industries aren't homogeneous. Individual employers matter.