Layoffs suck. In the past several weeks, thousands...

Layoffs suck. In the past several weeks, thousands of employees were laid off from tech companies like Twitter, Meta, Stripe, and more, and that is no fun for any of those people." "" "That said, there is a macro picture view that helps explain why this happened and how it might be a good thing overall, long term. During the end of the recent boom cycle, big tech was hiring aggressively -- these layoffs we're seeing are the result of overly aggressive hiring; now that things are tightening up, it's become clear that many companies overdid it." "" "These companies didn't necessarily need all that talent, either, but they had the cash reserves and the long-term vision to try and take talent off the board, so to speak. This correction enables so many roles at smaller companies to be filled! " "" "So for those laid off, most big-tech companies that haven't laid people off (yet) are now in a hiring freeze, so your best bet is to look for smaller companies or finance industry companies (IE CapitalOne, Amex). " "" "On top of that, check out https://www.levels.fyi if you haven't already to view salaries at various companies with engineering teams. Lastly, the first six (6) people to comment on this post will get one of my 6-month LinkedIn premium gifts; I hope that can help you find your next job if you've just been laid off! #bendevtip

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Original post on LinkedIn Shared URL: https://www.levels.fyi