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1041 points mertbio | 2 comments | | HN request time: 0.506s | source
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asoneth ◴[] No.42842808[source]
As heartbreaking as they are for those affected, layoffs provide incredibly useful information for prospective employees.

For example, was it a small number of people who were laid off with decent severance, or was it a huge mass of people let go unceremoniously with minimum severance? And were the layoffs due to a sustained period of unprofitability or did they occur during periods of profitability? In the former case why wasn't the business doing well and has that fundamentally changed? In the latter case, did they first attempt to reallocate people to more productive areas?

> Everything I’ve shared reflects the current state of the tech industry. It might differ at very small companies, but once you work at a company with more than 100 employees, you’ll likely encounter many of the same patterns I’ve described.

Many tech companies have never needed to resort to layoffs -- not just small companies but medium-sized and/or privately held companies. Personally I consider layoffs of any sort to be a major red flag. It means company management makes poor business or organizational decisions and is willing to tank morale and lose their best people to please shareholders. It means that you're going to be a line in a spreadsheet that can be spun up and down as necessary.

Personally I'd steer clear, but if you choose to enter into a relationship with such a company you should appropriately discount any salary they offer to factor in that risk.

replies(1): >>42850399 #
1. CRConrad ◴[] No.42850399[source]
> layoffs provide incredibly useful information for prospective employees.

> For example, was it a small number of people who were laid off with decent severance, or was it a huge mass of people let go unceremoniously with minimum severance? And were the layoffs due to...

Fine idea in principle, but not implementable in practice: Prospective employees don't know who got laid off, and even if they did, they most likely don't personally know any of those people. So they have no way of finding out any of those useful things.

replies(1): >>42854448 #
2. asoneth ◴[] No.42854448[source]
> Prospective employees don't know who got laid off, and even if they did, they most likely don't personally know any of those people.

True, I've never interviewed somewhere where someone I know personally got laid off. But for large companies there are typically news articles about layoffs, their size, and occasionally even their generosity. For publicly-traded companies you can wait for the annual/quarterly reports, but these days there's usually a press release or blog post[1] if it's more than a handful of people. For private companies that are too small to be newsworthy you can still scour Glassdoor and other forums.

But regardless, it's definitely something a prospective employee should ask about during the interview e.g. "Tell me about the last time your organization had layoffs...". Obviously you get a positive spin from an HR or hiring manager, but when I'm interviewing I find those answers most informative.

[1] e.g. https://blog.google/inside-google/message-ceo/january-update...