4 ms·

I work at a startup currently and am wondering if it’s time to start job hunting at the big companies because I worry about stability. There will be some flood

I work at a startup currently and am wondering if it’s time to start job hunting at the big companies because I worry about stability. There will be some flood of labor soon I can feel it in the air and I want to get in before that

greymalik 5y ago
Big companies have layoffs.
- no_wizard 5y ago
  Some also insulate really well especially with shorter recessions. Like Apple, or Shopify, or Microsoft. They are very insular in many ways
_3u10 5y ago
It’s always the time to be job hunting. Stay hungry.
- throwaway383jf 5y ago
gunfighthacksaw 5y ago
I’d argue that a startup which just got a major cash infusion is the best to ride out an imminent recession.
toomuchtodo 5y ago
Keep a robust emergency fund on hand, always be networking, just be prepared for the separation call. Low burn rate + emergency fund + unemployment insurance = safety net during a recession. If you have any health issues you’ve been putting off having addressed, do it now while you have insurance.
- nobodyandproud 5y ago
  By unemployment insurance, do you mean state run unemployment? Or are there reputable private insurers?
  - toomuchtodo 5y ago
    Yes, state unemployment systems.
UncleOxidant 5y ago
Build up your emergency fund to at least 6 months of living expenses. > There will be some flood of labor soon I can feel it in the air and I want to get in before that I'm currently still getting several recruiter emails per day. I realize this could change quickly, but so far we're still very much in the talent aquisition and retention phase (in tech, anyway).
- senectus1 5y ago
  >Build up your emergency fund to at least 6 months of living expenses. If you're able to do this, you will not have a problem and shouldn't be concerned. For most of us this is an absurdity. I can't imagine having enough emergency funds to survive on alone for 6 months.
QuarterReptile 5y ago
Without discounting the other good advice, it's unlikely that you'll be the one unable to find a job in a recession; that unpleasant distinction goes to people with low skills or education.

greymalik 5y ago

Big companies have layoffs.

no_wizard 5y ago
Some also insulate really well especially with shorter recessions. Like Apple, or Shopify, or Microsoft. They are very insular in many ways

_3u10 5y ago

It’s always the time to be job hunting. Stay hungry.

throwaway383jf 5y ago

gunfighthacksaw 5y ago

I’d argue that a startup which just got a major cash infusion is the best to ride out an imminent recession.

toomuchtodo 5y ago

Keep a robust emergency fund on hand, always be networking, just be prepared for the separation call. Low burn rate + emergency fund + unemployment insurance = safety net during a recession. If you have any health issues you’ve been putting off having addressed, do it now while you have insurance.

nobodyandproud 5y ago
By unemployment insurance, do you mean state run unemployment? Or are there reputable private insurers?
- toomuchtodo 5y ago
  Yes, state unemployment systems.

UncleOxidant 5y ago

Build up your emergency fund to at least 6 months of living expenses. > There will be some flood of labor soon I can feel it in the air and I want to get in before that I'm currently still getting several recruiter emails per day. I realize this could change quickly, but so far we're still very much in the talent aquisition and retention phase (in tech, anyway).

senectus1 5y ago
>Build up your emergency fund to at least 6 months of living expenses. If you're able to do this, you will not have a problem and shouldn't be concerned. For most of us this is an absurdity. I can't imagine having enough emergency funds to survive on alone for 6 months.

QuarterReptile 5y ago

Without discounting the other good advice, it's unlikely that you'll be the one unable to find a job in a recession; that unpleasant distinction goes to people with low skills or education.