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So several times I've had the opportunity to join fast growing startups that offered quite a bit more compensation, and equity as well. One of the things that I

So several times I've had the opportunity to join fast growing startups that offered quite a bit more compensation, and equity as well. One of the things that I always took consideration of was the stability of the company vs where I was at. Many of these people made a bet that working for Robinhood would pay off, it didn't that is part of the risk that came with the SV salaries, and the stock. I get that it sucks, but it seems like it is part of the parcel that comes with joining a VC backed startup. Do people really not consider company stability and long term projections when choosing where to work?

slickrick216 4y ago
Oracle is also doing layoffs today and would somewhat be in the stable class. It’s just like nature it just is. Think the thing to do is just take Larry Ellisons advice and GTFM.
- moneywoes 4y ago
  Guide to financial management?
  - metadat 4y ago
    "Get The Fucking Money" An [invented] Larry Ellison quote from "The Dropout", the Elizabeth Holmes Theranos TV mini-series funded by Hulu. https://youtube.com/watch?v=sgd40T05KaQ&t=65 https://youtube.com/watch?v=sgd40T05KaQ&t=65
  - slickrick216 4y ago
    Solid effort
mavelikara 4y ago
Public companies have shareholders to please quarter-after-quarter. If the markets remain bearish for long, public companies will have to do multiple layoffs as they restructure their operations. Private startups, especially well-capitalized ones, have only their Boards (mostly, founders) to answer to. They can be, counterintuitively, more stable job-wise than many public companies.
lmm 4y ago
Name one company where you could be confident there's no risk of being laid off. Big companies definitely go through downturns and cut significant chunks of their staff, and you're even less likely to be able to do anything about it there than at a small company.
- endtime 4y ago
  This isn't based on any insider knowledge, but I will be very surprised if my current employer, Roblox, has layoffs in the next couple years.
  - slut 4y ago
    Pretty sure they laid off at least recruiting and ops staff today
    - endtime 4y ago
      Why do you think that? I didn't hear anything about it.
- adrianN 4y ago
  Sufficiently big companies have a union and more financial buffer to weather downturns.
- avisser 4y ago
  > confident there's no risk of being laid off Companies are ruthless, but that's a straw man. Risk is not all or nothing. The company I work for is profitable. That fact alone lets me sleep at night.
vineyardmike 4y ago
I’ve heard a lot of tech people not consider stability because it’s so easy to just get a new tech job. Everyone was hiring. Everyone was throwing money everywhere. Why be stable when you can find an employer easier than calling a taxi. Obviously that’s over now.
- aiisjustanif 4y ago
  > Obviously that’s over now. Not even close.
- zeven7 4y ago
  For SWEs, I don't think it's over
eschneider 4y ago
Stability is a bit of an illusion, as even profitable companies will do layoffs from time-to-time for a variety of reasons. When choosing where to work, I tend to look more at: Is this a reasonable business? Does management have a plan that makes sense? Do these people seem to have their priorities in order? Do I trust these people? Those questions hardly guarantee stability, but the right answers leave me comfortable that they've got a fair shot at it.

slickrick216 4y ago

Oracle is also doing layoffs today and would somewhat be in the stable class. It’s just like nature it just is. Think the thing to do is just take Larry Ellisons advice and GTFM.

moneywoes 4y ago
Guide to financial management?
- metadat 4y ago
  "Get The Fucking Money" An [invented] Larry Ellison quote from "The Dropout", the Elizabeth Holmes Theranos TV mini-series funded by Hulu. https://youtube.com/watch?v=sgd40T05KaQ&t=65 https://youtube.com/watch?v=sgd40T05KaQ&t=65
- slickrick216 4y ago
  Solid effort

mavelikara 4y ago

Public companies have shareholders to please quarter-after-quarter. If the markets remain bearish for long, public companies will have to do multiple layoffs as they restructure their operations. Private startups, especially well-capitalized ones, have only their Boards (mostly, founders) to answer to. They can be, counterintuitively, more stable job-wise than many public companies.

lmm 4y ago

Name one company where you could be confident there's no risk of being laid off. Big companies definitely go through downturns and cut significant chunks of their staff, and you're even less likely to be able to do anything about it there than at a small company.

endtime 4y ago
This isn't based on any insider knowledge, but I will be very surprised if my current employer, Roblox, has layoffs in the next couple years.
- slut 4y ago
  Pretty sure they laid off at least recruiting and ops staff today
  - endtime 4y ago
    Why do you think that? I didn't hear anything about it.
adrianN 4y ago
Sufficiently big companies have a union and more financial buffer to weather downturns.
avisser 4y ago
> confident there's no risk of being laid off Companies are ruthless, but that's a straw man. Risk is not all or nothing. The company I work for is profitable. That fact alone lets me sleep at night.

vineyardmike 4y ago

I’ve heard a lot of tech people not consider stability because it’s so easy to just get a new tech job. Everyone was hiring. Everyone was throwing money everywhere. Why be stable when you can find an employer easier than calling a taxi. Obviously that’s over now.

aiisjustanif 4y ago
> Obviously that’s over now. Not even close.
zeven7 4y ago
For SWEs, I don't think it's over

eschneider 4y ago

Stability is a bit of an illusion, as even profitable companies will do layoffs from time-to-time for a variety of reasons. When choosing where to work, I tend to look more at: Is this a reasonable business? Does management have a plan that makes sense? Do these people seem to have their priorities in order? Do I trust these people? Those questions hardly guarantee stability, but the right answers leave me comfortable that they've got a fair shot at it.