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I work in an industry that has layoffs every few years. I'm contract, and its been great. Each job loss has been a pay increase and me doing even more technical
by hospitalJail 3y ago
I work in an industry that has layoffs every few years. I'm contract, and its been great. Each job loss has been a pay increase and me doing even more technical work.
The people who were employees and didn't get laid off, they worked extra hours.
If you are flexible, layoffs are probably good for the economic reorganization. If you aren't flexible, this is probably an incredibly stressful time.
- willcipriano 3y agoI agree, being in the first round of layoffs is the best option if you play your cards right. You typically get the most generous severance terms, have more opportunities than someone who is the last to be laid off in a bad economy and often get a salary adjustment after your long vacation. The worst is being the team that shuts the lights off behind them, you can expect high expectations paired with salary cuts and getting dumped into the labor pool at the bottom of the market. If things magically do go well those rewards flow to the investors. So far I've only been in the 2nd group and it sucks.