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Pretty strong words here. Do you have any data to back this up or is it just opinion. I’ve from the EU and it’s been a long time since I’ve seen this actually h

Pretty strong words here. Do you have any data to back this up or is it just opinion. I’ve from the EU and it’s been a long time since I’ve seen this actually happen. And even then it’s usually in banking but I presume a HN post is about tech.

ChuckNorris89 4y ago
Klarna in Sweden laid off a lot if its recent hires recently. So did Bitpanda in Austria. LIFO is usually the way to go when mass layoffs happen.
- intellectronica 4y ago
  Two companies. Out of thousands.
  - ChuckNorris89 4y ago
    Those are the only two that came on top of my head which I knew the HN crowd would also be familiar with. Did you expect me to list dozens of other companies?
    - intellectronica 4y ago
      Not quite. I'd expect you to list hundreds or thousands of companies, or credible statistics. Of course some companies are making redundncies, but to make the argument that accepting an offer for a new job is especially risky you need more than that.
  - alkonaut 4y ago
    It’s basically law in some countries. It’s negotiable but firing LIFO is cheap and firing someone with longer tenure is expensive (e.g severance could be 12 months pay or more). So all else being equal, if you are a recent hire you are at much higher risk.
vladvasiliu 4y ago
I'd say it depends on the time horizon for the "crisis" to show up. Here in France, there's an up to six months "trial" period during which either party can terminate the employment for any reason and without notice. In case of a downturn, it's convenient to lay these people off. Had this happen to me once, when I joined a company that, as it turned out, had to undergo some "restructuring" [0]. Three months in, my boss told me they weren't going to keep me, nor anyone else on their trial period. They were cool about it though, and told me I could stay until I found a replacement (or the full six months) and they even introduced me to a recruiter who did a pretty good job. In the end, I moved on to a much better position two weeks later, so all in all, and to GP's point, it was a good thing. --- [0] Things did get quite bad. As I found out later from an ex-colleague, many people had left; so this wasn't just a disguised way of kicking me out.
Yoric 4y ago
It's pretty much law in France. I seem to remember that this is also the case in Germany, Spain and Italy, but I haven't checked.

ChuckNorris89 4y ago

Klarna in Sweden laid off a lot if its recent hires recently. So did Bitpanda in Austria. LIFO is usually the way to go when mass layoffs happen.

intellectronica 4y ago
Two companies. Out of thousands.
- ChuckNorris89 4y ago
  Those are the only two that came on top of my head which I knew the HN crowd would also be familiar with. Did you expect me to list dozens of other companies?
  - intellectronica 4y ago
    Not quite. I'd expect you to list hundreds or thousands of companies, or credible statistics. Of course some companies are making redundncies, but to make the argument that accepting an offer for a new job is especially risky you need more than that.
- alkonaut 4y ago
  It’s basically law in some countries. It’s negotiable but firing LIFO is cheap and firing someone with longer tenure is expensive (e.g severance could be 12 months pay or more). So all else being equal, if you are a recent hire you are at much higher risk.

vladvasiliu 4y ago

I'd say it depends on the time horizon for the "crisis" to show up. Here in France, there's an up to six months "trial" period during which either party can terminate the employment for any reason and without notice. In case of a downturn, it's convenient to lay these people off. Had this happen to me once, when I joined a company that, as it turned out, had to undergo some "restructuring" [0]. Three months in, my boss told me they weren't going to keep me, nor anyone else on their trial period. They were cool about it though, and told me I could stay until I found a replacement (or the full six months) and they even introduced me to a recruiter who did a pretty good job. In the end, I moved on to a much better position two weeks later, so all in all, and to GP's point, it was a good thing. --- [0] Things did get quite bad. As I found out later from an ex-colleague, many people had left; so this wasn't just a disguised way of kicking me out.

Yoric 4y ago

It's pretty much law in France. I seem to remember that this is also the case in Germany, Spain and Italy, but I haven't checked.