3 ms·
Was working professionally through the last one and I'd say: a) don't retire b) if big corps are your thing, B2B big corps fare way better than consumer orien
by decebalus1 7y ago
Was working professionally through the last one and I'd say:
a) don't retire
b) if big corps are your thing, B2B big corps fare way better than consumer oriented ones so if you need to decide between two job offers, pick the one with the least chance of layoffs. There are no guarantees.
c) have cash standby. You should have this regardless of the state of the market. If you need cash and a recession is coming, it becomes a self-fulfilling prophecy. I learned to have at least one year of expenses in my checking account after witnessing the layoffs in 2008-2009 and then the trigger happy RIFs which followed well through the 2010's.
d) learn or be willing to learn or pivot your skills
- ianbicking 7y agoI wonder if there's a good way to distinguish different B2B businesses that are more or less effected. For instance, my dad used to be a mechanical engineer designing large construction equipment. Maybe 10% of equipment was replaced a year, so if there was a demand for 10% more equipment one year then they'd have 2x sales. But if there was a 10% decline in demand, then they'd have 0 sales, the broken equipment was acceptable attrition. So... that industry really sucked. But if the businesses have to pay for your services just to keep running, then it won't be too bad. So server sales might go up and down a lot, but AWS demand will be much smoother.