Goldman Sachs to laid-off tech workers: take time, earnings loss to find new job(finance.yahoo.com)
5 pointsby pseudolus6 hours ago1 comment
  • xvxvx6 hours ago
    3% pay reduction is laughably optimistic. I had to take a 25% pay cut after 3 months of unemployment. My manger did the same after 6 months of unemployment. We both have pretty impressive resumes.

    We ‘joke’ that we’re one layoff away from exiting the IT field altogether. I’d happily leave it all behind but it would mean further salary cuts while the price of everything increases. And I’m considered one of the ones in a good position. There are entire generations of workers who will be fighting over Walmart jobs just to get insurance.

    Welcome to Hellworld.

    • 6Az4Mj4D5 hours ago
      I am in 40s and going to be made redundant this June. In future only people who can afford to keep things like Claude, OpenAI and most importantly create value using them more than what others can do be able to survive. Otherwise, game is more or less over, and I question what's next for my own future while I learn to use Claude in FOMO.
    • ATMLOTTOBEER4 hours ago
      Got laid off last year, took about 6 weeks to find something. Similar comp, slightly better WLB actually. Might have just gotten lucky but 3% sounds about right for most people I know
    • guzfip5 hours ago
      > We ‘joke’ that we’re one layoff away from exiting the IT field altogether. I’d happily leave it all behind but it would mean further salary cuts while the price of everything increases. And I’m considered one of the ones in a good position. There are entire generations of workers who will be fighting over Walmart jobs just to get insurance.

      Indeed, a few years ago I considered making a leap to elsewhere, but damn near anything I’ve ever considered as a career is basically a dead end now. All that’s left is a direct downgrade.

      But he’ll, maybe I can get a nice gig as Sam Altman butler if I invest in sycophantry skills enough.

    • rvz5 hours ago
      > There are entire generations of workers who will be fighting over Walmart jobs just to get insurance. Welcome to Hellworld.

      That is their actual definition of "AGI".