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That's sort of my point. It pretty much takes the entire tech sector collapsing for you to lose your job and (the value of your) shares. Something to think abou
by jon_richards 9y ago
That's sort of my point. It pretty much takes the entire tech sector collapsing for you to lose your job and (the value of your) shares. Something to think about, but not even close to the same league as working for a ~200 person startup or putting money in the investment banking institution you work for.
I'll also admit there's no reason I know of to keep your money in google stock if you work there, but that goes with point #1, not point #2.
- TheCoelacanth 9y agoThe entire tech sector doesn't have to collapse for Google stock to go down and for Google to need to lay people off. Google could easily become the next IBM and fail to keep up with rest of the industry or even worse it might become the next Enron and be completely destroyed by bad leadership. Both IBM and Enron were extremely successful companies in their day.
- mamon 9y agoAre we suddenly living in some alternate universe where former Google engineers have any trouble finding a new job? They are after all top 1% (of the top 1% :) of the talent pool. So what you say might make sense for smaller/less respected companies, but certainly not for FAANG.
- TheCoelacanth 9y agoYou could have said the same thing about IBM or Enron at some point. Things can change.