3 ms·
The industry is full of bust and boom. People see high tech as a gold rush and are often in it to make as much money as quickly as possible. Layoffs are inevi
by mikekchar 7y ago
The industry is full of bust and boom. People see high tech as a gold rush and are often in it to make as much money as quickly as possible. Layoffs are inevitable in that situation. I've been through a few layoff rounds myself (though not always chosen to be the one laid off). One thing I did really helped me, though. The last time I got laid off, I intentionally took 6 months off. I got a job offer within weeks, but I decided to turn it down and just spend some time for me (well, I spent it writing free software ;-) ).
It's a bit risky because the first question you get when doing subsequent interviews is "Why have you been out of work so long?" I'd tell them I took time off and showed them the code I was working on. There would be some raised eyebrows, but to be honest, I think this actually helped filter out some companies that I really didn't want to work for. Indeed, had I took the initial job offer I received, I would have been out on the street again in 18 months (they laid everyone off...)
For me, anyway, this gave me a better sense of control at the expense of using up some of my retirement savings. Subsequently, I have had some management try to put the screws to me. It is freeing to be able to remind them (and myself!) that I'm only there because I choose to be.
I don't know if any of that will be useful to you, but I hope so.
- rebeccaskinner 7y agoI've never been in a position where I could financially justify being out of work for 6 months. Even if I theoretically have the savings to do it, growing up poor and intermittently homeless I just can't fathom the idea of spending that savings to live on when I could otherwise be working. When I've been laid off I treat getting my next job as my full time job, and I will spend 8-10 hours a day, seven days a week, either interviewing, networking, or researching companies I might like to work for. Most recently I took about 6 weeks off between accepting my new job and actually starting it, and even that was extremely stressful on me. I spent most of it being certain that something bad was going to happen and I'd show up on my first day to find out that the job had evaporated. Ultimately, I think people have different risk tolerances and dispositions for how they handle being out of work- but for everyone who's not independently wealthy it's going to be stressful. When your ability to survive is fully dependent on working, the knowledge of how capriciously it can be removed can be terrifying.