4 ms·
Nothing more demoralizing than living in fear and rumorville. I was at a big bank post 2008 and it was months of messages about did you hear so and so got the t
by quaffapint 4y ago
Nothing more demoralizing than living in fear and rumorville. I was at a big bank post 2008 and it was months of messages about did you hear so and so got the tap on the shoulder. You never knew when or why, you just didn't know everyday if it was going to be your last. Not exactly how you want to live your life.
- clusterhacks 4y agoNo better point re: living in fear and rumorville. Same experience for me in 2008. I also saw the same effect post dot-com bubble. Layoffs in our industry are simply part of the long term game, part of a playbook that folks coming into it in the last decade or so probably haven't experienced. My eyes were opened in the dot-com crash - I saw too many extremely smart, hard-working, and accomplished developers get dropped and spend a year or more getting back into programming gigs.
- zhivota 4y agoHah yeah I worked in payments at once of the card processors, this happened every year like clockwork. 1-2 months just down the drain because everyone running around gossiping or sitting at their desk in terror. It was such a joke, but I used to be of the belief that the card processors were so incredibly profitable, that they had to actually waste money to not be targeted by regulators too much (which monitored their profit levels to determine if they wanted to impose lower card fee rates). So these kinds of things were actually healthy for the business, along with insane travel and entertainment budgets - I used to routinely spend >$10,000 on plane flights back to HQ from Asia.