News for hackers. Stuff that matters.

A comment on Google Cuts Jobs in Engineering and Other Divisions. Parent comment

Re:Google Cuts Jobs in Engineering and Other Divisions by whiplash451 on Thursday January 11, 2024 @05:40AM (#38950417)
> Take their fucking money, build a big emergency fund, save, invest.

Very sane advice, but unfortunately not always an option.

The likelihood of making real (not paper) life-changing money in a few years has considerably decreased in 5-10 years.

It will only come back with a good pace of IPOs and investor-positive acquisitions.

[ Parent | on HN ]
Re:Google Cuts Jobs in Engineering and Other Divisions by pyrale on Thursday January 11, 2024 @07:50AM (#38951539)
> The likelihood of making real (not paper) life-changing money

There is a difference between "save, build an emergency fund" and "get into some get-rich-quick scheme".

The goal of emergency funds and saving, for most people, is to prevent life-changing events, not create them. You don't need a ludicrous paycheck to have a rainy days fund, and to put money aside, and you shouldn't count on IPOs and acquisitions to build it.

[ Parent | on HN ]
Re:Google Cuts Jobs in Engineering and Other Divisions by bluescrn on Thursday January 11, 2024 @07:22AM (#38951270)
Push for IPOs -> 'growth is all that matters' -> future redundancies.

The world needs sustainable businesses, not IPO jackpots for a few and looming redundancies for the rest.

[ Parent | on HN ]
Re:Google Cuts Jobs in Engineering and Other Divisions by _heimdall on Thursday January 11, 2024 @07:23AM (#38951279)
That really depends quite a bit on how frugally a person is able and willing to live.
[ Parent | on HN ]