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Layoffs Q&A and Videos

About Layoffs

Layoffs are the temporary suspension or permanent termination of a group of employees for business reasons, such as personnel management or downsizing an organization.

Wary of current situation in terms of layoffs, need some advice wrt international relocation

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Anonymous User at Taro Community

I have been doing good at my current company, been here for 3+ years working initially as an Entry Level, then promoted after an year to a MidLevel Software Engineer. I have been receiving "Exceeds Expectations i.e. 4/5" rating since the beginning and "Superb i.e. 5/5" rating once.

I applied for international relocation to Singapore back in July. The manager and skip mentioned that while cost cutting is going on, they are making an exception for me and it should be processed completely by initial weeks of January 2023. In times of layoffs, and especially with my company's stocks not doing that good, I am afraid if it could lead to getting laid off. This is causing me a bit of anxiety.

Although it is being mentioned by leadership that no layoffs are happening, we are seeing projects getting cut off, rigorous re-orgs happening, and entire focus of the organisation is on cost saving, which I feel is great especially in current times.

I started the conversations for relocation when times were going good in terms of offers being posted in the market. The teams were thriving as well in terms of work. But by the time entire process got over, it seems the situations have changed. What should I do?

To add on, another thing I did sometime back was to share with my manager on how I am performing several roles of the next level and how it can be used to further the cause of promotion in the upcoming performance reviews. I tried to break down the career ladder doc into key umbrellas of behaviours needed, and assigned the initiatives I delivered under those. Now afraid if this was another way I shot myself in the foot by asking for more in times of cost-saving and probably being conservative. Please assist with your advice.

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With layoffs all around, it seems a bit overwhelming. What should one do?

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Anonymous User at Taro Community

This is somewhat of a rant as well, but please bear with me.

My current level is equivalent to that of an E4 at Meta. A Senior Level in my organisation is almost equivalent of E4 in Meta, while the next level is around E5. I have been trying to work towards a promotion since the last 2 years, working on RFCs, cross team projects, a lot of glue work, upskilling the team, writing a lot of documentation, reviewing outages and RFCs, mentoring junior engineers, delivering common libraries that can be used across the organisation, driving process improvements and writing tons of code. The last few projects were shipped without a single issue in production, despite being full blown revamps for services.

With layoffs happening in a lot of organisations (Twitter/Meta/Lyft/Stripe etc.), I am feeling a bit overwhelmed that it may happen to us as well, especially given the state of market. I am trying to keep my head low and improve myself. Brushing up the fundamentals right now. I am hoping that it would help me to improve in general as an engineer as well as in interviews, if need be.

My company required me to portray the next level behaviour for some time (close to 1-1.5 years) consistently to be considered for an up-levelling. Now with everything going around, Thinking that I may have to do the same for another 2 years in the next organisation hits me a bit. Overtime, there were some feedbacks I tried to fix - went through courses on communication and now it seems a bit unfair, even if out of control. I feel I could be overthinking but just feeling this way.

  1. How should one act in such weather?
  2. What is the best way to not feel overwhelmed and be sure to do what is best for one's career?
  3. Also, are there any advices for the above career context?
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Learn About Layoffs

Layoffs in the tech industry are a common occurrence and can be a source of anxiety. They are a result of unforeseen adverse macroeconomic conditions or overambitious hiring. Layoffs are distinct from being fired, as they are generally not the employee’s fault and are part of a cost-cutting measure to restore the company’s economics. Layoff packages in the tech industry tend to be extremely generous and competitive, as tech companies are known for offering competitive perks, benefits, and pay.
There are many different reasons why layoffs can happen. Layoffs can be a cost cutting measure to ensure that the organization has enough cash to survive. Companies can undergo restructuring when they shift their strategic focus. This could be caused by mergers and acquisitions or shifts in business priorities. The rapid evolution of technology can render certain skills obsolete. Companies may have to reevaluate their technological needs and realign their workforce based on emerging trends.
It’s important to maintain a positive mindset in the face of layoffs. it’s best not to dwell on self-doubt or feelings of inadequacy. Layoffs are often done with incomplete information and can be random. Remember that being laid off is not a reflecting of one’s abilities or worth. It’s advisable to view the layoff as an opportunity for introspection and finding the next career move. The severance package that comes with layoffs can provide financial freedom and should be treated as a valuable resource.
Taking care of physical, mental, and emotional well-being is crucial after a layoff. It’s normal to feel stressed and anxious, so taking time off to examine your well-being and relationships is recommended.
When reflecting on the next move after being laid off, it’s important to think about career goals and where one sees themselves in the future. This self-introspection can take a few days or even a few weeks. Seeking support and talking to people during this time can be beneficial.
In the current climate, being out of work for more than 6 months after a layoff may or may not hurt chances of getting work. It’s important to emphasize the value one can bring to a company and be transparent about the job search and the time spent focusing on your career during the interview process.
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