3 ms·

> After last year's layoffs they told us they were "done" and it was "all behind us". Last year then turned out to a better year financially than 2022 (we have

by bArray 3y ago

> After last year's layoffs they told us they were "done" and it was "all behind us". Last year then turned out to a better year financially than 2022 (we have access to the top line numbers) I've seen a manager at a large company make "once in 10 year cuts", then the next year make similar cuts. This was maybe 5/10 years ago and they still cut like this today - how on earth they are still operating I don't know. One of the tricks they pulled was to sack a senior role and simply add the entire senior role to a junior role, but keep pay, etc, the same. The sell the idea to the junior employee they told them that it would help with promotions. 5 years of no promotions and insane stress they were out. They are also legally required to have some positions filled with qualified people, but they have unqualified people working those positions with "on the job training". The company itself has declared internally it will be bankrupt as early as next year without some form of financial assistance. COVID just about killed them with excessive borrowing to make up for missed revenue, to survive and come back into a poor economy. I know two people working for this company, one is looking for another job, the other is stuck in the company as they did a deal with University support in return for being retained for some years. > Never get invested emotionally. SWEs in particularly no longer live in a world where you can expect to have a rewarding career working for >=5 years at any given firm. How many people work for a company now that they believe will be around in 10, 20, 50, 100 years time? There's an extremely high chance you will far outlive the company you work for. > Take their fucking money, build a big emergency fund, save, invest, and focus on the rest of your life outside of work. Given how things are going, I would suggest tangible assets that can be easily liquefied, even if in a poor economy.

cebert 3y ago
> How many people work for a company now that they believe will be around in 10, 20, 50, 100 years time? There's an extremely high chance you will far outlive the company you work for. I’ve worked at the same company now for 14 years. If I chose to, I feel like there’s a good chance I could work another 15-25 years at the same firm. My company sells software to local, state, and federal government customers. There are competitors in this space, but no company dominates any particular sector. There’s ample room for growth. Our software is critical to government operations and is necessary even during economic downtimes. Working with employees who have been at the company for 30-40 years isn’t uncommon. I work on 911 systems and find the domain interesting, rewarding, and important. We can help save lives and help government work more effectively.
- bArray 3y ago
  The company I'm speaking for is one of these government customers - and they are absolutely necessary with no competitors. I still think that given all that, they may be allowed to go bust simply because it is run so poorly and it might actually be better to start again.

by bArray 3y ago

cebert 3y ago

> How many people work for a company now that they believe will be around in 10, 20, 50, 100 years time? There's an extremely high chance you will far outlive the company you work for. I’ve worked at the same company now for 14 years. If I chose to, I feel like there’s a good chance I could work another 15-25 years at the same firm. My company sells software to local, state, and federal government customers. There are competitors in this space, but no company dominates any particular sector. There’s ample room for growth. Our software is critical to government operations and is necessary even during economic downtimes. Working with employees who have been at the company for 30-40 years isn’t uncommon. I work on 911 systems and find the domain interesting, rewarding, and important. We can help save lives and help government work more effectively.

bArray 3y ago
The company I'm speaking for is one of these government customers - and they are absolutely necessary with no competitors. I still think that given all that, they may be allowed to go bust simply because it is run so poorly and it might actually be better to start again.