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Just be good at what you do. Goldman is going through layoffs, and other banks too. But they are going through layoffs all the time, you just don't read about

Just be good at what you do. Goldman is going through layoffs, and other banks too. But they are going through layoffs all the time, you just don't read about that. Some of the people who will be laid off will be out of a job for a long time, but some will find a job quite quickly. The better you are at your job, the lower the likelihood that you'll lose your job, and if you do, the shorter the period until you find another job. I know, job safety looks nice, and at first sight a society where everyone's job is on the line at any point in time looks scary. But the flip side is that this is what makes business dynamic. A society where it's impossible to lay people off is not going to be able to compete with one where businesses hire and fire at will. PS: I came to terms with the idea that I'll lose my job at least once before I retire long time ago. So far I didn't, but if I do tomorrow, I won't think it's the end of the world. I'll just celebrate the day I get my first new paycheck like the day I celebrated my first one years ago. I like to think I'll feel decades younger.

acdha 4y ago
> The better you are at your job, the lower the likelihood that you'll lose your job, and if you do, the shorter the period until you find another job. This is true to some extent but should come with the warning that you want to keep in mind what the market is looking for. If you’re a Rust/Linux expert and you live somewhere where most of the local IT demand is C#/Windows, or where most of the businesses are small/stable and just don’t hire all that often, you might have a hard time regardless of your skill level. Remote work helps but you’re also competing with everyone else who was just laid off, too. Good generic advice is to have reserves proportional to things like that and also your difficulty of moving (e.g. people with kids in school might want to be comfortable not moving for at least 6 months).

acdha 4y ago

> The better you are at your job, the lower the likelihood that you'll lose your job, and if you do, the shorter the period until you find another job. This is true to some extent but should come with the warning that you want to keep in mind what the market is looking for. If you’re a Rust/Linux expert and you live somewhere where most of the local IT demand is C#/Windows, or where most of the businesses are small/stable and just don’t hire all that often, you might have a hard time regardless of your skill level. Remote work helps but you’re also competing with everyone else who was just laid off, too. Good generic advice is to have reserves proportional to things like that and also your difficulty of moving (e.g. people with kids in school might want to be comfortable not moving for at least 6 months).