I work remotely as a front-end developer at a VC-funded, series B startup. Funding has dried up as investors with financial exposure to anything retail or entertainment-related are hemorrhaging cash. The company leadership told us that starting immediately, all employees (including the fully-remote workers like myself) are on mandatory unpaid leave.
Job cuts in 2019 were already up a whopping 351% from the previous year[1]. Considering the COVID-19 outbreak, I'm concerned that many other tech workers like me might be updating their resumes and entering a stagnant job market. Alternatively, organizations may view this as a great time to gain additional market share. What do you think?
If you're a tech worker, have you been laid off or do you expect to be laid off soon?
If you are a hiring manager, what is the current hiring status at your company?
[1] https://www.challengergray.com/press/press-releases/2019-year-end-job-cuts-report-fewest-monthly-cuts-july-2018-yoy-10
I accept a job offer, put in my two weeks notice, and my last day at was last Friday. Hardly anyone was seriously concerned about COVID-19 when I gave notice. A week later, business travel was suspended and WFH policies implemented. My last day, schools were closing, and the economy tanked. This week, we're sheltering in place.
I gave myself 3 weeks in between the old and the new job, you know for relaxation and travel. Instead, I'm sequestered to my house for 3 weeks.
Everyday, the news got worse and worse and continues to get worse and worse. Now, I'm in between jobs, and am a little worried my new employer will revoke my job offer. To add insult to injury, one reason I didn't leave my previous job was job security. But in February, there wasn't any sign of an economic downturn. Everyone was enjoying the bull market.