Same situation at a different company, except they kept telling us "we made sure this won't keep happening". Of course few people believed and we lost many good engineers that simply left because they couldn't have a major source of income coming from such unstable place.
I like to believe executives know their workforce will shrink more than the layoff numbers. They must know this. They also must know it will be harder to hire new people. They know this, right? Please someone tell me so.
>They must know this. They also must know it will be harder to hire new people. They know this, right? Please someone tell me so.
What time horizon are you thinking? People will forget '22/'23 layoffs very quickly. This is especially true if you made it through these last years, the market picks up and you want to move.
I have no doubt people will forget in time (<5 years).
But anyone looking for a job ought to do due dilligence when things pick up again and at least set the correct expectations about how long their relationship with the company could last if the market turns bad again.
Why? If anyone frequented this or many other forums they'd know employers can terminate employee any time without any reason whatsoever. Leave the job with as little notice as possible because employers absolutely do not care for you. And when last year it did happen people here are feeling hurt as if forever job promise is broken.
"As little notice as possible" as in send an email 3am Wednesday that you have left the job and as of sending this email you are no longer able to be contacted? I would have a very negative opinion of that person, just as I do of the employer who conducted layoffs that way.
I've got an employer that I've held a grudge against for nearly two decades now and another that friends of mine have held grudges against since at least two corporate rebrandings ago, all just off the top of my head. We'll all happily talk dirt in a LinkedIn DM or over beers and who is to say how many of us all posted some anonymous strongly worded letter to something like Glassdoor.
Labor is still a market, for now, and while it isn't as liquid or as free of a market (in terms of open price [wage/salary] information, in terms of too many near monopsonies and/or trust-like behavior) as it should be in America, and companies should stop treating it like a one-way street. Bad labor relations hurts brands and eventually the market uses that information. It's not always efficient at using that information especially because it isn't liquid/free enough, but it uses that information.
I like to believe executives know their workforce will shrink more than the layoff numbers. They must know this. They also must know it will be harder to hire new people. They know this, right? Please someone tell me so.