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
Job security is the ability to find another job.
@TravisMedia
18 күн бұрын
That's not at all the definition of that term
@albirtarsha5370
18 күн бұрын
@@TravisMedia You will learn.
@abdulmaliqshola7239
18 күн бұрын
This is so so accurate!
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.
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.
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___
19 күн бұрын
It's painful getting one for me with no experience other than my internships.
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
19 күн бұрын
Agreed 👍 🤝
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.
Thank you so much for the share
how to get a first job without degree , currently working with my father as plumber.
Great information.
Was laid off 6 months ago. I found your video inspiring. Thanks
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
12 күн бұрын
Thanks for sharing, I'm in VA
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.
How many years can a programmer work and are there specific years that a programmer cannot exceed?
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 😢
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.
"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
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
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.
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).
Wouldn't posting about your layoff give any potential hiring company the upper hand in salary negotiations?
Been unemployed since Jan 2024, hundreds of applications submitted and only around 5 intro (recruiter) interviews, it sucks...
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
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)
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
This guy will hold your hand all the way off the cliff.
Hi travel media need thumbnail designer at cheap rates?
Hey Travis! are you looking for a video editor for high-quality edits? let me know, if you’re interested.
how economy downturn results in record profits? 😂😂😂
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
19 күн бұрын
So it was AI then?
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
You need AT LEAST 9+ months worth of emergency fund saved up
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.