How To Survive Tech Layoffs (5 Actionable Steps)

Ғылым және технология

Getting laid off from a job is a terrible thing.
In 2023 we had a total of 260,000 layoffs in tech. This year we've had about 74,000 workers laid off from 255 companies.
But there are some actionable steps that you can take in the event that you get laid off that will help you recover faster.
In fact, there are steps you can take beforehand to position yourself such that an unexpected layoff doesn't hinder you at all.
In this video, we'll discuss these steps and tools to have on hand.
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Timestamps
00:00 Tech layoffs
01:15 Become un-lay-off-able
01:57 1 - Savings
04:31 2 - Let the world know
06:08 3 - Your network is big
07:44 4 - Stop being a bum
08:57 5 - An opportunity
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Пікірлер: 42

  • @albirtarsha5370
    @albirtarsha537019 күн бұрын

    Job security is the ability to find another job.

  • @TravisMedia

    @TravisMedia

    18 күн бұрын

    That's not at all the definition of that term

  • @albirtarsha5370

    @albirtarsha5370

    18 күн бұрын

    @@TravisMedia You will learn.

  • @abdulmaliqshola7239

    @abdulmaliqshola7239

    18 күн бұрын

    This is so so accurate!

  • @captnoplan3926
    @captnoplan392617 күн бұрын

    Great tips. Esp the one about the willingness to do lower paying jobs. I see so many posts saying they used up all their savings and now they are desperate. Don't let it get to that point and have the willingness to work lower paying jobs.

  • @tonoshiki2527
    @tonoshiki252717 күн бұрын

    I cannot find a job for almost 2 years. I used to be a cpp programer for 14 years. Im chinese live in china all the time.

  • @AqibMughal-xg4jx
    @AqibMughal-xg4jx19 күн бұрын

    that's it for the one's who lost their job. but now please make the video for the ones who got skills but not getting a job even an entry level job

  • @above___

    @above___

    19 күн бұрын

    It's painful getting one for me with no experience other than my internships.

  • @ChadSigma111
    @ChadSigma11119 күн бұрын

    From pre covid levels of interest rates, it took fed 1 year to hike interest rates to current levels. The rates have been stable since the last 1 year. Even if fed starts reducing rates right now, it will take them 2 years to get to pre covid levels, meaning that, there won't be any meaningful upside in the number of jobs for the next 1 year. Another thing is, people are over working due fear of layoffs and poor budgets, hopefully this doesn't become the new normal.

  • @abduljelilali568

    @abduljelilali568

    19 күн бұрын

    Agreed 👍 🤝

  • @Milan____
    @Milan____18 күн бұрын

    Layoffs have nothing to do with covid, working from home, or cloud tech. Mass layoffs (in large companies) exist for one reason only - to increase share price. Traders love companies who do layoffs.

  • @Adnanhasb1
    @Adnanhasb116 күн бұрын

    Thank you so much for the share

  • @yugalkishor557
    @yugalkishor55719 күн бұрын

    how to get a first job without degree , currently working with my father as plumber.

  • @YannMetalhead
    @YannMetalhead4 күн бұрын

    Great information.

  • @saifulalam799
    @saifulalam79911 күн бұрын

    Was laid off 6 months ago. I found your video inspiring. Thanks

  • @focusedonpost
    @focusedonpost13 күн бұрын

    Dude. This hits home big time. Loved the video. I got laid off in sept of 2023. I decided that it was my opportunity to peruse a certificate in post production (film) at UCLA to see if I want to do a career change from the tech industry. I have savings because like you said, I saved , no Starbucks, no Tesla. But was able to take almost a year off (this sept) to rest out the waters. Now I’m realizing filmmaking may not be for me so I’m training myself as a solutions architect in AWS. I would love to chat with you more in person. Not sure where you are located. Keep up the awesome work.

  • @TravisMedia

    @TravisMedia

    12 күн бұрын

    Thanks for sharing, I'm in VA

  • @vincentnnyc
    @vincentnnyc19 күн бұрын

    my best way is to build up that F U money. if my company decides to lay me off. i'm gonna go into early retirement with my F U money.

  • @1200KSA
    @1200KSA17 күн бұрын

    How many years can a programmer work and are there specific years that a programmer cannot exceed?

  • @oscarlagatta
    @oscarlagatta11 күн бұрын

    Thanks Travis the truth is working from home scheme is nice but now anyone can do the job and outsourcing is cheap, we failed not coming back to the office 😢

  • @cloudhobbyist
    @cloudhobbyist19 күн бұрын

    The stop being a bum section is real. Their are way too many proud people who think they're above jobs that pay less. All that needs to go out the window when a family is involved.

  • @AdamFiregate
    @AdamFiregate19 күн бұрын

    "Let the world know" is a bit of handicap advice. They will view the person as needy. Making it in public makes even a bigger problem.

  • @TravisMedia

    @TravisMedia

    18 күн бұрын

    Well, the layoff is not their fault for 1, and for 2, what's the alternative, to stay silent and act like all is normal? I think there exists a tactful, non-needy way to do it.

  • @AdamFiregate

    @AdamFiregate

    16 күн бұрын

    @@TravisMedia Networking is the way to go in private messages or calls. In the meantime, posting professional content on Linkedin can also boost inbound messages and offers.

  • @dogecl
    @dogecl19 күн бұрын

    I wish I had this video a year ago. The company laid off developers, HR, and sales... and now they are hiring again (for less).

  • @witblitsfpv1265
    @witblitsfpv126512 күн бұрын

    Wouldn't posting about your layoff give any potential hiring company the upper hand in salary negotiations?

  • @DevOtionSynthax
    @DevOtionSynthax13 күн бұрын

    Been unemployed since Jan 2024, hundreds of applications submitted and only around 5 intro (recruiter) interviews, it sucks...

  • @ubergeekin
    @ubergeekin18 күн бұрын

    You should be putting your emergency fund into a money market account. All you have to do is open a brokerage account and set a default position. Current money market accounts are earning 4.95%-5.25% and they are not exposed to the market. A bank savings account will never yield this type of interest.

  • @TravisMedia

    @TravisMedia

    18 күн бұрын

    4.25% www.capitalone.com/bank/savings-accounts/online-performance-savings-account/ But yeah MM will get you a little higher (Fidelity at 4.95)

  • @egesa_michael
    @egesa_michael3 күн бұрын

    Software Engineer based in Uganda building a start up looking for people to network with i do X and Linkedin. Hope to hear from you

  • @oscarm.1417
    @oscarm.141710 күн бұрын

    This guy will hold your hand all the way off the cliff.

  • @sm786
    @sm78610 күн бұрын

    Hi travel media need thumbnail designer at cheap rates?

  • @AbdulRahim-cu7y
    @AbdulRahim-cu7y15 күн бұрын

    Hey Travis! are you looking for a video editor for high-quality edits? let me know, if you’re interested.

  • @salman_babar
    @salman_babar18 күн бұрын

    how economy downturn results in record profits? 😂😂😂

  • @adamodimattia
    @adamodimattia19 күн бұрын

    The worst thing to start this kind of video with is splaining people "why did they got laid off", I frikin' know why I was laid off as well as many of my pals. Don't need splanaition for it after 9 months.

  • @TravisMedia

    @TravisMedia

    19 күн бұрын

    So it was AI then?

  • @AqibMughal-xg4jx
    @AqibMughal-xg4jx19 күн бұрын

    Please make a video about how can a student who develop his skills as aa devOps engineer and also got some certifications and wants to persue his career.not getting even response to internships and jobs wants experience. How can Then get hired as a Devops Or cloud engineer. If the aanswer ismaking PRojects then tekll what sort of projects we have to create

  • @tjhsiao06
    @tjhsiao0617 күн бұрын

    You need AT LEAST 9+ months worth of emergency fund saved up

  • @NomadicBrian
    @NomadicBrian17 күн бұрын

    Just don't be an enabler. If you let it happen you'll be invited to the poker game and owe Tony Soprano your store.

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