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Old 05-23-2024, 04:11 PM  
DaFace DaFace is offline
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Laid off
Well, new life experience for me. I took a job at a startup in the ed tech field around 3 years ago. Yesterday, I found out that that time was coming to an end. Around 25% of employees were laid off (300ish out of 1200ish) including me and my entire team.

They're venture-capital funded, and while I wasn't entirely surprised that layoffs were coming given some pretty rough financial headwinds this year, I wasn't at all expecting them to just cut my entire function. Kind of surreal.

I knew that startups were notoriously shaky when it comes to stability, and though it sucks to see it come to an end so abruptly, I suppose it's nice to have made a lot of money off of a bunch of investors. The severance package is, honestly, kind of crazy (4 months pay + 6 months paid health insurance + my laptop + free online classes + a plethora of job placement services). Thanks, VC funds!

In the end, I don't regret anything, but it's a very weird feeling to be out of a job for the first time since I was probably 14. It's hard to know what to do with myself, though I figure my "job" becomes job hunting...next week.

No need for sympathy - I'm actually kind of excited to look for something new. I'll at least have plenty of time to try and fail to fix my shit over the summer.
Last edited by DaFace; 05-23-2024 at 05:59 PM..
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Old 05-23-2024, 04:15 PM   #2
ToxSocks ToxSocks is offline
Needs more middle fingers
 
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More time to fix yo shit!
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Old 05-23-2024, 04:16 PM   #3
ToxSocks ToxSocks is offline
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Just kidding, sorry to hear that dude. Glad to see you get a good severance package though to help keep you on your feet till you find something new.
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Old 05-23-2024, 04:17 PM   #4
Bowser Bowser is offline
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Very sorry to hear this, but congrats!
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Old 05-23-2024, 04:22 PM   #5
DaFace DaFace is offline
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Quote:
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Very sorry to hear this, but congrats!
I'll feel better about it once I figure out what's next, but in a way, I actually do feel like contrats are in order here. I look at it this way - everyone who's left DIDN'T get a 4-month bonus, and now they all have to do 33% more work while I get to relax at home.

via GIPHY
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Old 05-23-2024, 04:24 PM   #6
displacedinMN displacedinMN is offline
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wow

Hope things fall in line for you.
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Old 05-23-2024, 04:26 PM   #7
MeaTy The Pimp MeaTy The Pimp is offline
Who's the masta???
 
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Sorry to hear. From everything I have read from you, you sounds like a pretty stand up, and intelligent dude. I am sure you won't be unemployed for long. That being said, enjoy the small break.


I am in a similar situation. Back in January, I learned that my entire department was being let go effective 2nd week of March. About 15 of us automated ourselves out of a job. Got a fat severance, and a ton of free time. Caught up on some fishing, and goofing off and annoying my wife. I start my new job on the 1st of June. Different field, but will transfer back into my field when the position opens back up. My wife is happy I won't be bugging her as much now...
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Old 05-23-2024, 04:29 PM   #8
Otter Otter is offline
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I was laid off from Harley Davidson with a similar package and I'll give you one head of warning: if you have any vices now is the time to be aware of those.


"Coke and strippers". You will not be the first nor the last. Free time with lots of money is the devil's playground.
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If the Chiefs manage to grab Mahomes I officially claim him as my "adopt a Chief".
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Old 05-23-2024, 04:31 PM   #9
Hammock Parties Hammock Parties is offline
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Old 05-23-2024, 04:34 PM   #10
Bearcat Bearcat is offline
Would an idiot do that?
 
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Damn, I want to take a job with them just so I can get laid off.

jk, that sucks and good luck with the job search.
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Old 05-23-2024, 04:37 PM   #11
BryanBusby BryanBusby is offline
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Look at this smug son of a bitch bragging about getting lai.......oh. Look at this smug son of a bitch bragging about getting paid to be a freeloader.
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Old 05-23-2024, 04:37 PM   #12
Scooter LaCanforno Scooter LaCanforno is offline
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Sorry to hear about the job. Now you might have time to see a launch and landing at the Cape. Falcon Heavy end of June.
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Old 05-23-2024, 04:37 PM   #13
seamonster seamonster is offline
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Quote:
Originally Posted by DaFace View Post
I'll feel better about it once I figure out what's next, but in a way, I actually do feel like contrats are in order here. I look at it this way - everyone who's left DIDN'T get a 4-month bonus, and now they all have to do 33% more work while I get to relax at home.

via GIPHY
Sounds like you're smart so you can land on your feet, but I've heard that the job market in tech is in bad shape. A tech-hostile congress passed legislation in 2023 that now includes R&D (software development, it) as just part of profits. So it' can't be written off. So companies have had to lay off armies of tech workers. I'd be hitting the pavement pretty hard. China does the opposite (100% of R&D is tax free) and their tech scene is growing without bounds.
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Old 05-23-2024, 04:42 PM   #14
louie aguiar louie aguiar is offline
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Old 05-23-2024, 04:45 PM   #15
Bump Bump is offline
YOU take YOUR seat
 
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best of luck finding something new! You'll be fine
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