How To Find A Tech Company That's Less Likely To Do Layoffs

In a bull market like the one from 2014 - 2021, everyone's a genius. While you could work more or less anywhere before and get a couple solid years of career growth, that's not the case anymore. This video covers how you can choose a company that's less likely to do a mass layoff.

Here are the core points:

• Prioritize profitable companies - If the company is publicly traded, this is shared in every earnings reports and is easily Googled (i.e. "Is company X profitable?"). A good business needs more money coming in than going out, and companies with fundamentals like these will always be rewarded.
• Make sure the company is hiring carefully - The easiest way for a tech company to take on too many costs is by hiring people it doesn't need. If the interview process is too easy or the company is trying to 10x its headcount every year, that's generally a bad sign.
• Leverage your network - We all have people who are much smarter than we are within our network, and this is very prevalent in the tech industry. If the best and brightest in your network (i.e. those who really do their homework before accepting an offer) are going to specific companies, there's a good chance those companies have real legs.

Related resources:

• "Insensitive to talk about applying to a company which has suffered from layoffs?"
• "Staying motivated among lay-offs?"