Re:Where have all the laid-off tech workers gone?
by rcarmo on Friday March 31, 2023 @06:40AM
(#35384994)
I seriously doubt that. Might be true for younger people who were laid off by the "LIFO rule" (i.e., cheaper severance), but anyone with a 10y+ career would at least think twice before joining a startup... Especially in Europe, but these kinds of stories are never about Europe.
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Re:Where have all the laid-off tech workers gone?
by saalweachter on Friday March 31, 2023 @06:52AM
(#35385110)
What, if you were laid off with 10+ years of savings from a bigtech salary and 30-40 weeks of severance and continuing benefits, you wouldn't (after a few weeks to process and recover) begin hammering out a prototype to that idea that's been in the back of your head for the last 5-10 years? You could burn half a year and still have ten weeks to do a job search.
Re:Where have all the laid-off tech workers gone?
by rcarmo on Friday March 31, 2023 @08:34AM
(#35386132)
You assume too much regarding parting terms, and I don't see any mention of family responsibilities in that rosy scenario of yours.
Re:Where have all the laid-off tech workers gone?
by saalweachter on Friday March 31, 2023 @09:08AM
(#35386581)
Those are the terms from Google's announcement: https://www.google.com/amp/s/blog.google/inside-google/messa...
10 years gives you 36 weeks of severance, plus 6 months of healthcare.
If you have a family, you're never going to have a better opportunity to spend several months working on your side project without measurably impacting your family's stability.
Plus, when you do need to resume your job search, your resume is now "I spent ten years doing these things at BigCo using their proprietary tooling, plus here's the demo of the thing I tried to startup the last six months using off the shelf frameworks, which I am now already proficient in."
Re:Where have all the laid-off tech workers gone?
by rcarmo on Friday March 31, 2023 @03:00PM
(#35391702)
Those are the US terms. There is an entire planet beyond, you know.
Re:Where have all the laid-off tech workers gone?
by hgsgm on Friday March 31, 2023 @09:30AM
(#35386867)
Most startup founders are over 40.
Re:Where have all the laid-off tech workers gone?
by rcarmo on Friday March 31, 2023 @02:59PM
(#35391688)
And independently wealthy to a degree.
Re:Where have all the laid-off tech workers gone?
by red-iron-pine on Friday March 31, 2023 @09:47AM
(#35387101)
> Especially in Europe, but these kinds of stories are never about Europe
I think SV is a joke compared to what it was, but it's still easier to do a startup thing there than anywhere.
Re:Where have all the laid-off tech workers gone?
by tnel77 on Friday March 31, 2023 @11:30AM
(#35388607)
I saw a quote (I think from HackerNews) talking about how during good times, there’s lots of startups getting money. In tough times, there’s lots of money going to a handful of good startups. Just work hard to find yourself a promising startup!
Re:Where have all the laid-off tech workers gone?
by rcarmo on Friday March 31, 2023 @02:58PM
(#35391674)
One word: Europe.
Re:Where have all the laid-off tech workers gone?
by varjag on Friday March 31, 2023 @03:41PM
(#35392374)
Little money to any startup.
Re:Where have all the laid-off tech workers gone?
by tnel77 on Friday March 31, 2023 @09:56PM
(#35396253)
That’s fair. While there’s obviously a limited number of positions, how hard is it to get a remote job with an American company? My American company currently employs one guy from Europe, but I’m not sure how common that actually is.