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How do you view layoffs?

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Mid-Level Software Engineer at Seeda month ago

I have 3+ years in the industry and have been privy to layoffs since 2023. I wish to understand how you view/process these layoffs and is the current situation unprecedented or just a sine wave occurrence in the industry.

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    Tech Lead @ Robinhood, Meta, Course Hero
    a month ago

    It's not unprecedented, 2000 and 2008 were far worse (source: My dad is also a software engineer and he went through both of those).

    While the tech market sort of lies outside of the rest of the economy, it follows the general cycle of boom-bust. We had a massive boom during covid with 0% interest rates and free government money via stimulus checks, and now everything is coming back down to Earth hard.

    The good news is that the tech industry innovates fast and tends to recover faster than other fields. We can already see this recovery in motion with the AI boom. While it will take a while before we go back to the pre-2022 market, I can confidently say that 2024 is already better than 2023 from my experience helping hundreds of Taro community members with their job search. In 2024, I've already mentored so many folks to new jobs but 2023 was pretty much a brutal desert, devoid of any opportunity.

    To dig deeper into layoffs, check this out: [Taro Top 10] Navigating Tech Industry Layoffs

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      Mid-Level Software Engineer [OP]
      Seed
      a month ago

      Thanks Alex

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