3 ms·
Anecdotally, I knew a lot of angry engineers in February who found out about their 2% raise and vowed to switch jobs due to this (most likely to another company
by shmatt 4y ago
Anecdotally, I knew a lot of angry engineers in February who found out about their 2% raise and vowed to switch jobs due to this (most likely to another company who just gave 2% raises)
Now, not switching jobs, they don't care much if their next raise will be 2% or 8%, but more if they're considered the 20% of their company that might get fired in the next couple of months
This article is a bit late to the game. When most companies announced 2021 raises and bonuses we were at the very end of 'The Great Resignation' where employees felt the world is their oyster. Looking towards the end of 2022, the reality is very different
- advisedwang 4y agoI'm usually hate to talk about "narratives" and so forth, but I'm going to make an exception. I do wonder whether layoffs and the threat of layoffs are being over-reported deliberately to create a sense of fear in order to quell resignations, requests for pay raises and unionization. A quick look at data [1] doesn't seen to show resignations (as of Apr data). [1] https://fred.stlouisfed.org/series/JTSLDL https://fred.stlouisfed.org/series/JTSLDL
- mariojv 4y agoThe quits rate (resignation and quitting) is extremely high historically: https://fred.stlouisfed.org/series/JTSQUR https://fred.stlouisfed.org/series/JTSQUR The graph you were showing is about layoffs, involuntarily losing your job. I am not sure what the numbers would be like for typical HN visitors/tech workers though.