Engineering Advice You Didn't Ask For S02E01 - Layoffs layoffs everywhere
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Nov 6, 2024 Season 2 kicks off by diving into the wave of tech layoffs, discussing the shifting landscape of job security. The hosts explore why even high performers are being let go and how layoffs can be handled with empathy. Listeners learn actionable steps for managers, the importance of skill diversification, and how to navigate rerouting their careers post-layoff. Tips for leveraging side projects and focusing on impactful roles shine as vital takeaways. The conversation emphasizes resilience and adaptability in uncertain times.
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The Myth Of Tech Job Security Is Broken
- Big tech layoffs have affected high performers and shattered the myth of lifetime job security in tech.
- The industry over-hired by celebrating headcount, creating a correction when market conditions changed.
Hiring For Headcount, Not Jobs, Fueled The Problem
- Many companies hired to meet headcount targets instead of specific jobs-to-be-done, inflating teams without clear value.
- That hiring mindset magnified the fallout when companies trimmed staff to rebalance costs.
Business Rebalancing And Legal Risk Drive Cuts
- Companies rebalance workforce allocation across product portfolios and sometimes use layoffs to shift headcount between stable and bet bets.
- Legal risk and optics influence which roles get cut, not just performance.