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I was laid off in early December. I applied to a couple hundred positions, interviewed with around 10%, and received two offers at the beginning of this month.
by sosodev 4y ago
I was laid off in early December. I applied to a couple hundred positions, interviewed with around 10%, and received two offers at the beginning of this month.
The market is pretty rough. I had a lot of good interviews fizzle out into rejections after the final round. I assume this is because I was competing with several other recently laid off engineers. My new salary is 33% less than my previous and I’m getting much less equity. It sucks but I’m happy to be employed.
- ryandrake 4y agoI think the rough 100:10:1 ratio was the standard for a long time. That certainly describes my job hunting experience prior to say 2012. The whole 5:4:3 ratio was an aberration during our recent, unprecedented bull market.
- blindhippo 4y agoWill be interesting to see what happens when the market starts lifting again and all these companies who are scoring people at a discount suddenly are struggling to keep them. 33% drop is significant in an economy that is squeezing the rank and file with higher interest rates. (this is all presuming the profession isn't in the process of downgrading to a trade level as a result of constant pressure to remove humans from high value work)
- renewiltord 4y agoIn practice, that 33% salary drop is bumped up by the fact that you're employed while receiving severance, right? Or is that not how it is structured? (I've never laid off anyone or been laid off)
- sosodev 4y agoMy severance was only 2 months of normal pay. So it’s not contributing anything at this point.