With the end of January the new fiscal year started for a lot of Tech companies and with it came the layoff announcements.
Layoffs are not always bad in themselves, but often it is simply bad financial planning, or very good deliberate financial planning at the expense of the employees.
You could also try to grow more organically and retrain employees if a division is not producing the desired results.
The big tech companies have played this game through and therefore have up to 50% temporary workers with 18-month contracts, which they can let expire flexibly.
In my opinion, all these practices often do not fit in with the values that these companies want to represent.
Every company I’ve worked for in tech sales has had layoffs while I was there, or just before. Of course, that makes me wonder whether it’s the right industry to start a family.
But after thinking about it for a while, I think it’s the right industry. There are hardly any comparable industries that have the same earning potential.
If you earn double what you would otherwise earn outside of tech sales, you also have the opportunity to set aside a safety buffer. Ideally, this should be 6 monthly salaries for singles and I would even go so far as to recommend 12 for families.
The whole thing needs to be seen as nothing different then a business agreement. It is important that we make sure we have enough upside for ourselves under these circumstances. It is also important to prioritize our health and stand in for our interests.
What do you think about this?