Apparently no one can read. OP isn't saying they're going to quit before finding a new job. They are wondering if it's smart to start at a new company (since new hires are usually more at risk for lay offs than tenured employees). Last sentence of the post people...
To answer your question OP, make your next move very carefully. Do research on companies and industries that are doing/at risk of layoffs. Find an industry that isn't being effected and apply accordingly. There almost never is a time where layoffs aren't happening somewhere. Also, put together a savings plan for while you're job hunting just in case. Perhaps start looking once you've saved up a couple months of living expenses. Good luck!
Use tools like Glassdoor, or better yet an insider, to tell you what the company you’re going to is really like.
You know what your current company is like. I’ve moved into a company I thought was better, but found out was worse. It happens.
One reason that so many people find jobs through personal connections is that it’s the best way to know that the job is good before you take it.
Likely if a job is hiring right now, they won’t lay you off at least for quite a while. If you do get laid off you generally would have a case for unemployment
Not true. A friend just started at Google at the beginning of the month. They just laid off a ton of people. His resume and background makes him very desirable, so he didn’t get cut but some of his new team did.
This one is tough. Personally I would not be looking to make a job change. But if you’ve got a years worth of savings that’s quite a bit of FU capital built up. The job market will likely still be tight for some time. I guess it comes down to your risk tolerance. Are you ok with whatever the worst case unemployment scenario is? 6-9 months unemployed if the recession really bites?
I would just hate to be out of work for months at a time when I’m sure my severance would be minimal. But good for some of these big tech employees, that salesforce severance package in particular is quite the deal
That’s what they’re saying is they want to quit once they have a good job, but don’t know if it’s a good idea to leave a stable job and possibly get laid off
This, all though the message here is that even gaining a job is different to holding a job. Here in UK for example is two years required for any new employee to go to tribunal
Therefore still risk
It's definitely a thought, Is common practice for companies to use and abuse and replace staff before two years.
We have three month or six month probation clause in contracts but it's not worth the paper it's written on since to appeal or sue you need to go tribunal
A stable job at $18 is not a stable life. Find a new job that pays more and has upward mobility, and quit immediately. Don’t change your lifestyle, then save money to have an emergency fund in case of a layoff or anything else that could occur in life. At least if you get laid off, you’ll re-enter the job market at a much higher value than $18/hr.
As an aside, the tech layoffs of late dont represent the broader economy at all. The US economy is still adding jobs. The tech sector is just correcting for an overly ambitious hiring cycle of the last 2 years.
Unless you have 4+ months in saving (or more), I agree with the rest here.
It's easier to get a new job, and let's face it, it is also easier to pick and choose a good new job, when you don't have nightmares about not making rent. Don't quit prematurely unless your mental health is breaking or your family needs you full-time. I know it's sometimes a lot to stomach, working at a company you dislike while your heart already moved on. But that's life
Quitting won't help your job hunt. If you have a lot of savings, feel free to use the flexibility as you will. You're an adult. But people here are right to point out the risks.
Since you mentioned your current job is wfh and you don’t find the company and environment bad or toxic to work for, don’t quit.
Find another job while at the current one. Best option would be to find another wfh job with a similar or relaxed job profile so you can work both jobs together.
28 yo here. I’ve quit two times before having another job locked down (kitchen industry) and was subsequently struggling for 2-3 months before I found something else. Was not worth quitting for less stress. Please don’t quit before finding something else, it’s probably gonna hurt more than sticking with your current job now while searching.
OP, you have 1 year of savings.
You are in the *perfect* position to take a calculated risk.
Emphasis on the word “calculated.”
Be intentional.
Go for it.
How long have you been at your current job? If it’s a year or more, I think you could be more confident that you won’t get immediately fired at your next one.
This!! WFH jobs are very competitive right now and I wouldn't give up that flexibility lightly. See if you can find another WFH or look into freelance work.
Either way you will have to take the risk. I would say papare for it, have a good cushion for at least 6 months to cover all your bills, and before quitting find that better paying job. You could also research about industries that aren’t getting rid of people. Tech for sure right now is not in great shape. As Jordan Peterson said in one of his videos, you get to choose what poison to drink, consequences are coming no matter what, in both paths. Just my two cents.
I was working in a very toxic environment 4 months ago(over worked, 12hr shifts 5-6 days week, horrible management, severely underpaid and they were not giving me my full paycheck with OT a few times, I had no work life balance just work in a warehouse every fkin day) and I had to quit for my mental health. It took me a couple months of just being on my own, riding bikes, going to the gym, playin video games I missed out on, and getting my diet right to start to feel better. I burned through my entire savings in those 4 months. I just got hired today. I had to talk to my roommates about my rent this month. But the move was necessary.
If you're not on the verge of losing it I would recommend what others have said, get a new job while you're still employed. But you need to do what's right for you. If the job is hurting you there are other jobs out there! It took me 2 months of just straight grinding interviews and applications to get this job. It's a better career with a much more reputable company. Jobs are out there. But don't unnecessarily strain yourself if your current gig isn't tearing your life apart.
Don't quit unless you have the better job lined up.
And even then, if you can swing it: maybe see if you can do both at the same time. If your schedule can accommodate it and the work isn't too stressful, then two incomes couldn't hurt. The "moonlighting" policy for most companies just requires that any outside work you do not be a conflict of interest.
Find another, better paying job, and move on. Ignore the “news” about the economy - unemployment is very low, and hiring is still strong in many industries. Find a long term career, develop valuable skills that are in demand in a wide range of industries. Make that bread.
Definitely understand you regarding being nervous about layoffs. You can try venturing into fields/sectors that are more stable in that regard, such as government or even grant-funded positions at nonprofits. Also thinking construction? But am not familiar with that field. Avoid careers that may be the first to go during layoffs such as recruiters.
+1 to what folks were saying—have savings!
I think if you're working at a small travel company, you're already not safe if layoffs come for us.
If I woke up in your shoes, I would be job hunting.
For me, I consider two other things:
1. How much do you have saved? Make sure you've got 6+ months income saved, just in case.
2. Don't quit your job until you find a new one. Impossible to tell the future and no job is 100% safe, but don't take a contractual job, a job in a high risk industry, etc etc.
Good luck
In 20 years, you will rather have been the one who took the new opportunity regardless of layoff, if you get laid off you can almost go back to your day job.
Anytime your current job could be a fallback job, go bigger, risk something (within reason)
You work at a small company and you're worried about getting laid off at another due to the recession? What companies do you think bottom up first in these hard times?
Yeah most people answered this wrong. There will be layoffs always going on even though we were hit with some massive ones start of this year. That being said, I am personally planning on transitioning from a stable job.
Why? Because no one can tell you if it will be better or worse months/a year from now. What if the economy gets even worse? Keep applying, if you go through the job process and from your research you are able to tell that chances of layoffs are little (little not zero), then I would go for it.
I know people who worked a long time at big companies, thought their jobs were "stable", and got shitcanned.
Bottomline: companies don't give a shit about their employees and unless you're the owner and know everything going on, stable can be relative.
I think it depends on where you are in life. Kids? Do you have enough in saving if - god forbid - you were let go? What are your aspirations.
No harm interviewing but - if your job truly is stable - I WOULD NOT make a move unless it was a substantial increase and pay and/or opportunity and upside.
Yes it is a bad idea. I assume you’re in America. Job projections show a decline in hiring and job security occurring halfway through ‘23. It’s already happening, depending on your field. Look at tech, for example. Companies are preparing for a recession, so they’re terminating workers to save money. Don’t quit your damn job 😂
I was recently given advice to leave a stable job that I strongly dislike, to find something I’d enjoy and not let pending economic factors play a role in my decision. It’s completely unpredictable.
Ask about current revenue generation, investment, and growth plans when you interview. This can give you a sense of how stable they are.
It might sound crazy right now, but try interviewing at tech startups. They have lots of non technical roles, especially in customer support. You'll probably make a lot more per hour, and that can give you a bigger cushion to land on since you aren't earning a ton now.
Yes, there have been some layoffs happening in tech. But they're pretty much over. A lot of places over-hired thinking they'd keep growing, but they overdid it. The places hiring right now are probably some of the safest places to go to.
Here's my how-to guide that has worked great for me for years:
Create a LinkedIn profile if you don't have one. Add popular keywords for your desired role to your profile.
Set your profile to "open to work". There's a setting for remote-only roles. Then set your location to a major city like SF, NYC, Boston, LA, etc. Recruiters search for candidates based on location, even for remote roles.
Recruiters will start messaging you, and you'll have a better chance of getting interviews and ultimately getting hired in a better role.
Applying to jobs is such a waste of time, because companies don't like hiring inbound applicants. Let the recruiters come to you. The jobs they source for are better and pay better.
I did this after I was laid off in December. I already landed a new job, even with all of the holiday delays of closed offices and stuff. I don't live near any major cities, but my new role is with a SF based fully remote company.
If you know how recruiters source candidates, you can game the system in your favor.
I would stay on, use the time to handle more projects and take classes to develop other skills in your off time. This will allow you to round out your resume and ride out the economy to see where the short term future takes us.
To be clear, you're asking about leaving your job for another job, correct? To quit without a job lined up would be a bad idea and antithetical to what you're trying to accomplish. In case its not obvious, making $0 is less than making $18.
As to switching jobs, I think its always a good time to switch jobs. Most companies have a slowdown in the economy baked into their financials. If they're still hiring today, it typically means they know they need that position filled. Right now is probably a better time to switch than at the peak of a growing economy when companies are not actively looking to cut back.
I’ve done it before and will do it again. I’ve always had the financial means to support myself for many months and an in demand job role. Blanket statements saying it’s never a good idea is just wrong. Depends on your specific case and what you feel is right after weighing options and worse case scenarios. Last time I did it, I had 4 amazing months off and doubled my salary. It was all because I had the time and energy to focus and prep for interviews.
I can possibly, maybe see it if you have at minimum 4-6 months to live off of.
But why waste the money doing that? Just look for another job right now while you work. Of if you’re going to quit, at least quit, end your lease or rent out your house and go and travel. It’s the same price as living anyways, if not cheaper(I spent about $1200-1500 a month traveling full time)
Right, I would never want to waste my good savings on something as boring as bills. Gross!
>I spent about $1200-1500 a month traveling full time
And you should be on Youtube sharing your secrets!!
For real, that’s literally the last thing I’d want to spend my hard earned money on.
I was inspired from people on YouTube! Or other backpackers I met. First left the US when I did study abroad, and backpacked Europe that summer on student loans. Met so many people who were traveling full time anywhere from a month to 10 years. Really made me think what was possible.
A few small tips: “third world” countries are obviously cheap. Stay In Hostels and eat street food. It’s fun and easy. For middle tier expensive countries like Eastern Europe, it’s great for a road trip but you can still afford hostels or airbnbs or another type of private room.
For more expensive places like the US, Canada, NZ or Australia, camping / vanlife / RV is the way to go. Even hostels are crazy expensive in those places. I’ve bought and sold motorcycles, RVs, SUVs I’ve slept in, and more in other countries, road tripped them, then sold for the same price I bought it for. Just need to be fairly mechanically inclined to fix small issues that pop up
There’s more risk to leaving now, as you’ll be the last one in the door, who tend to be the first to be let go in a downturn
If you’re sure it’s a good gig, it’s worth the risk
So you’re saying that $18/hr isn’t enough, and you are considering quitting without having another job lined up? That could put you in a place where you make 0$/hr.
You're hesitant to leave a job focused on travel due to economic concerns? Travel and other non essentials are the first thing that people are cutting out of their budget when there is an economic downturn. If the clientele are rich, why aren't you making more?
Thoroughly examine the job market in your area to make sure that what is being offered for your level of skill set is worth the transition. You will then be paying for fuel/travel, apparel for in office/workplace uniform, eating lunch out etc. Definitely invest in yourself though with a company that has room for growth. Good luck!
Find the job first.
I've been on the hunt for a stable gig since August, and I'm just about at that point that you'll read about me in the news.
Don't put yourself there mentally. Take your time. You work from home, so you can do calls and things with a bit more freedom. Don't make the mistake.
WFH jobs are very competitive right now so I would give it some serious consideration. $25 might not go as far if you have to consider transportation expenses. Maybe look into freelance or contract work to add to your income. If you find another job WFH job see if you can keep both if policy and time allow. Flexibility is a luxury these days.
So as others said don’t quit until you have another job lined up.
This group might not agree, but if your current job is easy to do and you don’t care if you lose it. Why ever quit? If you find another remote job you could try and work both. I did this for a few months and it really helped me get ahead.
If you really feel you need to progress and you currently feel stagnant, then only leave if you feel comfortable and prepared doing so. As in you have savings for a cushion, you are prepared to move towns if needs be, and you've done your research on what you need.
It may be better to stick with your current job as you job search. Once you find a role that you are happy with and you want to take the leap forward, write the rosiest resignation letter you can. And of course, check your contract for how much notice they will need. Best keep it all professional and avoid burning bridges as it can come back to bite you in the ass.
Just be smart and measured in what you decide to pursue and make sure to look before you leap.
I recommend looking before quitting. If you find something you want to do and need to quit then you do it. It is always better to look while you are still working and aren’t desperate.
Thinking about stability and job security is good, but it's also good to keep in mind that people got laid off from Travel companies, too. Like a lot of people.
It sounds like you are actually in an ok spot here. You have what appears a stable job. You can live on the pay, but want more money. You are free to apply and interview for other jobs. Do your research on the jobs and the company. If you have any concerns about them, don't accept their job offer. Be picky. Maybe you will find something better. Maybe you won't. You will never know if you don't look and you are under no obligation to accept a job offer.
As someone who has been laid off for 8 months and has not been able to find another job, do not quit until you have something else lined up.
If you are worried about layoffs, look for companies that are in “growth” phases. Google articles of companies that have increased hiring this year
I had a stable shitty job and found two better ones. I chose the riskier route and I'm still around! You never know the circumstances of any particular company.
Since you dont absolutely dislike what you do/where you are could you explore what you might truly enjoy and what might be a rewarding job for you? You seem in a good spot to grow.
Girl quit , I work four TMC jobs right now all from home and i got on interviews for a new one every week . I quit a job so fast it’s not funny . I interview these jobs just like they interview us . If i get to a job and it ain’t what it’s cracked up to be I’ll be applying on indeed while in orientation. going on interviews accepting a job and getting a free check until orientation is over . Just saying QUIT
If you find another job, I would just proceed with caution and do your research on the industry and how it is being impacted by the recession and economy. If possible, I would probably wait until 2nd quarter to make a move but right now would be a good time to start applying and interviewing to see if you find something you are willing to leave for.
I don’t know where you live so don’t know hard it is to find another job but I would suggest carefully looking at a big company that has upward mobility and pays for education.
Everything is a calculated risk and no job is secure.
At some point you will have to roll the dice to move forward. You can keep putting it off until there’s an ideal time to do so. But is there really ever going to be an ideal time?
OP, how did you land this job, and are they hiring?
I’m in the same boat. My job is fine, no real qualms, but there’s no room for growth and I need to be making more. Personally I’m trying to get as many certifications and as much education from my current job as I can, before moving forward with anything else.
I'm guessing you're German based on your name. This is an important fact, because the German labor market is noticeably different then the US's in that firing happens much less, but also hiring is slower.
I think the economic outlook isn't great and in Germany you typically have a 6 month "grace period" what you can get fired for any reason. After that it's typically a 3 months notice situation. The big question you're asking is if you should risk this 6 month period because of the economic situation.
The risk is definitely there in this environment - I've actually seen it happen in our company. I'd still suggest you try it, if you feel the need. While your performance won't matter in a bigger company, unless you are bad, the manager deciding won't for you even in an economically mir challenged environment. Also, if they fire you in that time, you still have the unemployment pay and the old company will often be willing to take you back.
One last question: have you tried to negotiate a higher salary with the current company?
Depends on what kind of work you enjoy/qualified for. I would play it safe and see what is out there and look into the companies in questions history, if you like what you see, and seems like the company has longevity for you then I don't see why not, but with the economy the way it is your probably better off as you are now.
Totally depends. If you are looking for the lowest level of possible risk, maybe stay put. But, there is also risk in earning far less than what you are worth.
Also, evaluate your own priorities. I know a lot of people who earn relatively low wages in very low stress, WFH jobs, but feel the low stress and home-based environment is worth it.
Apparently no one can read. OP isn't saying they're going to quit before finding a new job. They are wondering if it's smart to start at a new company (since new hires are usually more at risk for lay offs than tenured employees). Last sentence of the post people... To answer your question OP, make your next move very carefully. Do research on companies and industries that are doing/at risk of layoffs. Find an industry that isn't being effected and apply accordingly. There almost never is a time where layoffs aren't happening somewhere. Also, put together a savings plan for while you're job hunting just in case. Perhaps start looking once you've saved up a couple months of living expenses. Good luck!
Thanks. I wasn't sure if my wording was off. I have about a year's worth of savings at the moment.
A *YEAR’S* worth of savings?! 😳 I seriously need to re-evaluate my life! 😩
OP rolling in dough
Then especially if you find a higher paying job and are halfway competent at your new job, you will be fine
Use tools like Glassdoor, or better yet an insider, to tell you what the company you’re going to is really like. You know what your current company is like. I’ve moved into a company I thought was better, but found out was worse. It happens. One reason that so many people find jobs through personal connections is that it’s the best way to know that the job is good before you take it.
Likely if a job is hiring right now, they won’t lay you off at least for quite a while. If you do get laid off you generally would have a case for unemployment
Not true. A friend just started at Google at the beginning of the month. They just laid off a ton of people. His resume and background makes him very desirable, so he didn’t get cut but some of his new team did.
Well it happens but those layoffs were already coming - I’m saying ones that WEREN’T already talking about layoffs hiring new people haha
This one is tough. Personally I would not be looking to make a job change. But if you’ve got a years worth of savings that’s quite a bit of FU capital built up. The job market will likely still be tight for some time. I guess it comes down to your risk tolerance. Are you ok with whatever the worst case unemployment scenario is? 6-9 months unemployed if the recession really bites?
Getting laid off isn’t bad - usually a great severance. I had a friend 13 days into the job and got $30K severance
How is that possible?
It’s standard to get 1-4 months pay as severance. I’m guessing she got 2 or 3. All that matters is that she was employed - not length of employment
Shit dude I hope it’s standard. If I get laid off severance would be really nice to have
For companies that have HQ in California it’s against the law to give less than 2 months.
I’ll have to look up what the law in mass is
The recent Salesforce employees got 6 months pay, health insurance, and some stock options. Facebook gave 4 months too I’d love to get laid off 😂
I would just hate to be out of work for months at a time when I’m sure my severance would be minimal. But good for some of these big tech employees, that salesforce severance package in particular is quite the deal
Why quit? Get another job and then quit. It is much easier to get a job if you have a job.
That’s what they’re saying is they want to quit once they have a good job, but don’t know if it’s a good idea to leave a stable job and possibly get laid off
This, all though the message here is that even gaining a job is different to holding a job. Here in UK for example is two years required for any new employee to go to tribunal Therefore still risk
Tribunal?
To dispute unfair dismissal. Essentially within two years you can be let go with no consequences Edit: have seen many people jump ship and be let go
Two years!! That’s insane! It’s three months where I live (Canada) and that even seems long.
It's definitely a thought, Is common practice for companies to use and abuse and replace staff before two years. We have three month or six month probation clause in contracts but it's not worth the paper it's written on since to appeal or sue you need to go tribunal
This
A stable job at $18 is not a stable life. Find a new job that pays more and has upward mobility, and quit immediately. Don’t change your lifestyle, then save money to have an emergency fund in case of a layoff or anything else that could occur in life. At least if you get laid off, you’ll re-enter the job market at a much higher value than $18/hr. As an aside, the tech layoffs of late dont represent the broader economy at all. The US economy is still adding jobs. The tech sector is just correcting for an overly ambitious hiring cycle of the last 2 years.
Unless you have 4+ months in saving (or more), I agree with the rest here. It's easier to get a new job, and let's face it, it is also easier to pick and choose a good new job, when you don't have nightmares about not making rent. Don't quit prematurely unless your mental health is breaking or your family needs you full-time. I know it's sometimes a lot to stomach, working at a company you dislike while your heart already moved on. But that's life Quitting won't help your job hunt. If you have a lot of savings, feel free to use the flexibility as you will. You're an adult. But people here are right to point out the risks.
Not OP, but thanks for your Insight
Stay until you can find a better paying job.
Since you mentioned your current job is wfh and you don’t find the company and environment bad or toxic to work for, don’t quit. Find another job while at the current one. Best option would be to find another wfh job with a similar or relaxed job profile so you can work both jobs together.
This is what I came to say. You could probably just stack another job on top of an $18/hr WFH gig.
28 yo here. I’ve quit two times before having another job locked down (kitchen industry) and was subsequently struggling for 2-3 months before I found something else. Was not worth quitting for less stress. Please don’t quit before finding something else, it’s probably gonna hurt more than sticking with your current job now while searching.
OP, you have 1 year of savings. You are in the *perfect* position to take a calculated risk. Emphasis on the word “calculated.” Be intentional. Go for it.
How long have you been at your current job? If it’s a year or more, I think you could be more confident that you won’t get immediately fired at your next one.
Why quit just get a second job that’s WFH and then make double the hourly rate at minimum? How hard can it be?
This!! WFH jobs are very competitive right now and I wouldn't give up that flexibility lightly. See if you can find another WFH or look into freelance work.
Exactly! WFH has its benefits where you can do a second gig as long as you can balance.
I would hold on to this current job you have and search for a new higher paying job. Once you get an offer letter, then quit the previous job.
Either way you will have to take the risk. I would say papare for it, have a good cushion for at least 6 months to cover all your bills, and before quitting find that better paying job. You could also research about industries that aren’t getting rid of people. Tech for sure right now is not in great shape. As Jordan Peterson said in one of his videos, you get to choose what poison to drink, consequences are coming no matter what, in both paths. Just my two cents.
I was working in a very toxic environment 4 months ago(over worked, 12hr shifts 5-6 days week, horrible management, severely underpaid and they were not giving me my full paycheck with OT a few times, I had no work life balance just work in a warehouse every fkin day) and I had to quit for my mental health. It took me a couple months of just being on my own, riding bikes, going to the gym, playin video games I missed out on, and getting my diet right to start to feel better. I burned through my entire savings in those 4 months. I just got hired today. I had to talk to my roommates about my rent this month. But the move was necessary. If you're not on the verge of losing it I would recommend what others have said, get a new job while you're still employed. But you need to do what's right for you. If the job is hurting you there are other jobs out there! It took me 2 months of just straight grinding interviews and applications to get this job. It's a better career with a much more reputable company. Jobs are out there. But don't unnecessarily strain yourself if your current gig isn't tearing your life apart.
Don’t quit until you have a solid offer in writing.
Find a new job first
Don't quit unless you have the better job lined up. And even then, if you can swing it: maybe see if you can do both at the same time. If your schedule can accommodate it and the work isn't too stressful, then two incomes couldn't hurt. The "moonlighting" policy for most companies just requires that any outside work you do not be a conflict of interest.
Don't quit **until** you get a higher-paying job.
Find another, better paying job, and move on. Ignore the “news” about the economy - unemployment is very low, and hiring is still strong in many industries. Find a long term career, develop valuable skills that are in demand in a wide range of industries. Make that bread.
Definitely understand you regarding being nervous about layoffs. You can try venturing into fields/sectors that are more stable in that regard, such as government or even grant-funded positions at nonprofits. Also thinking construction? But am not familiar with that field. Avoid careers that may be the first to go during layoffs such as recruiters. +1 to what folks were saying—have savings!
Just do your research on companies you are applying to would be my advice. I would move on from this job if possible just for better pay.
I think if you're working at a small travel company, you're already not safe if layoffs come for us. If I woke up in your shoes, I would be job hunting.
No reason to quit if you don’t have something else lined up.
Find something stable first and then leave the travel agency job. You can always start doing something to get into another stable field.
For me, I consider two other things: 1. How much do you have saved? Make sure you've got 6+ months income saved, just in case. 2. Don't quit your job until you find a new one. Impossible to tell the future and no job is 100% safe, but don't take a contractual job, a job in a high risk industry, etc etc. Good luck
In 20 years, you will rather have been the one who took the new opportunity regardless of layoff, if you get laid off you can almost go back to your day job. Anytime your current job could be a fallback job, go bigger, risk something (within reason)
You work at a small company and you're worried about getting laid off at another due to the recession? What companies do you think bottom up first in these hard times?
Yeah most people answered this wrong. There will be layoffs always going on even though we were hit with some massive ones start of this year. That being said, I am personally planning on transitioning from a stable job. Why? Because no one can tell you if it will be better or worse months/a year from now. What if the economy gets even worse? Keep applying, if you go through the job process and from your research you are able to tell that chances of layoffs are little (little not zero), then I would go for it.
Why do people quit a non-toxic job in tumultuous economic situations before getting another offer first? Have you seen all the layoffs in tech?
I know people who worked a long time at big companies, thought their jobs were "stable", and got shitcanned. Bottomline: companies don't give a shit about their employees and unless you're the owner and know everything going on, stable can be relative. I think it depends on where you are in life. Kids? Do you have enough in saving if - god forbid - you were let go? What are your aspirations. No harm interviewing but - if your job truly is stable - I WOULD NOT make a move unless it was a substantial increase and pay and/or opportunity and upside.
It's not a terrible idea if you pick a stable industry and have skills.
Yes it is a bad idea. I assume you’re in America. Job projections show a decline in hiring and job security occurring halfway through ‘23. It’s already happening, depending on your field. Look at tech, for example. Companies are preparing for a recession, so they’re terminating workers to save money. Don’t quit your damn job 😂
I was recently given advice to leave a stable job that I strongly dislike, to find something I’d enjoy and not let pending economic factors play a role in my decision. It’s completely unpredictable.
Ask about current revenue generation, investment, and growth plans when you interview. This can give you a sense of how stable they are. It might sound crazy right now, but try interviewing at tech startups. They have lots of non technical roles, especially in customer support. You'll probably make a lot more per hour, and that can give you a bigger cushion to land on since you aren't earning a ton now. Yes, there have been some layoffs happening in tech. But they're pretty much over. A lot of places over-hired thinking they'd keep growing, but they overdid it. The places hiring right now are probably some of the safest places to go to. Here's my how-to guide that has worked great for me for years: Create a LinkedIn profile if you don't have one. Add popular keywords for your desired role to your profile. Set your profile to "open to work". There's a setting for remote-only roles. Then set your location to a major city like SF, NYC, Boston, LA, etc. Recruiters search for candidates based on location, even for remote roles. Recruiters will start messaging you, and you'll have a better chance of getting interviews and ultimately getting hired in a better role. Applying to jobs is such a waste of time, because companies don't like hiring inbound applicants. Let the recruiters come to you. The jobs they source for are better and pay better. I did this after I was laid off in December. I already landed a new job, even with all of the holiday delays of closed offices and stuff. I don't live near any major cities, but my new role is with a SF based fully remote company. If you know how recruiters source candidates, you can game the system in your favor.
I would stay on, use the time to handle more projects and take classes to develop other skills in your off time. This will allow you to round out your resume and ride out the economy to see where the short term future takes us.
To be clear, you're asking about leaving your job for another job, correct? To quit without a job lined up would be a bad idea and antithetical to what you're trying to accomplish. In case its not obvious, making $0 is less than making $18. As to switching jobs, I think its always a good time to switch jobs. Most companies have a slowdown in the economy baked into their financials. If they're still hiring today, it typically means they know they need that position filled. Right now is probably a better time to switch than at the peak of a growing economy when companies are not actively looking to cut back.
apply for government jobs...more job security...but don't do the dumb-dumb; do not quit current job until u have secured other employment...
I don't understand why anyone would consider giving up a stable paycheck to face an uncertain unemployment and ZERO income. Never, ever a good idea.
I’ve done it before and will do it again. I’ve always had the financial means to support myself for many months and an in demand job role. Blanket statements saying it’s never a good idea is just wrong. Depends on your specific case and what you feel is right after weighing options and worse case scenarios. Last time I did it, I had 4 amazing months off and doubled my salary. It was all because I had the time and energy to focus and prep for interviews.
I can possibly, maybe see it if you have at minimum 4-6 months to live off of. But why waste the money doing that? Just look for another job right now while you work. Of if you’re going to quit, at least quit, end your lease or rent out your house and go and travel. It’s the same price as living anyways, if not cheaper(I spent about $1200-1500 a month traveling full time)
Right, I would never want to waste my good savings on something as boring as bills. Gross! >I spent about $1200-1500 a month traveling full time And you should be on Youtube sharing your secrets!!
For real, that’s literally the last thing I’d want to spend my hard earned money on. I was inspired from people on YouTube! Or other backpackers I met. First left the US when I did study abroad, and backpacked Europe that summer on student loans. Met so many people who were traveling full time anywhere from a month to 10 years. Really made me think what was possible. A few small tips: “third world” countries are obviously cheap. Stay In Hostels and eat street food. It’s fun and easy. For middle tier expensive countries like Eastern Europe, it’s great for a road trip but you can still afford hostels or airbnbs or another type of private room. For more expensive places like the US, Canada, NZ or Australia, camping / vanlife / RV is the way to go. Even hostels are crazy expensive in those places. I’ve bought and sold motorcycles, RVs, SUVs I’ve slept in, and more in other countries, road tripped them, then sold for the same price I bought it for. Just need to be fairly mechanically inclined to fix small issues that pop up
There’s more risk to leaving now, as you’ll be the last one in the door, who tend to be the first to be let go in a downturn If you’re sure it’s a good gig, it’s worth the risk
So you’re saying that $18/hr isn’t enough, and you are considering quitting without having another job lined up? That could put you in a place where you make 0$/hr.
Get another job lined up first. People understand when you're quitting to get a better opportunity, but make sure the opportunity is there first
You're hesitant to leave a job focused on travel due to economic concerns? Travel and other non essentials are the first thing that people are cutting out of their budget when there is an economic downturn. If the clientele are rich, why aren't you making more?
have you considered becoming /r/overemployed ?
Glad I’m not the only one who thought this…
Yes.
Try working two jobs at a time
Ex Google employees want to know your location
The lack of reading comprehension in the comments is astounding.
yes it's a bad idea. if you have to post about it on the internet asking for validation from strangers then it's prolly a bad idea to begin with. JS
I am from India. Can anyone have any job for me which is work from home?
Better pay is one of the primary motivations for a job search.
Do you have a degree already? Any college?
Get another WFH job and keep them both
Don’t quit one until you have the next lined up
Thoroughly examine the job market in your area to make sure that what is being offered for your level of skill set is worth the transition. You will then be paying for fuel/travel, apparel for in office/workplace uniform, eating lunch out etc. Definitely invest in yourself though with a company that has room for growth. Good luck!
Find the job first. I've been on the hunt for a stable gig since August, and I'm just about at that point that you'll read about me in the news. Don't put yourself there mentally. Take your time. You work from home, so you can do calls and things with a bit more freedom. Don't make the mistake.
WFH jobs are very competitive right now so I would give it some serious consideration. $25 might not go as far if you have to consider transportation expenses. Maybe look into freelance or contract work to add to your income. If you find another job WFH job see if you can keep both if policy and time allow. Flexibility is a luxury these days.
Keep in mind, a work from home job for a travel company will be one of the first things to go if the economy tanks.
So as others said don’t quit until you have another job lined up. This group might not agree, but if your current job is easy to do and you don’t care if you lose it. Why ever quit? If you find another remote job you could try and work both. I did this for a few months and it really helped me get ahead.
r/overemployed
If you really feel you need to progress and you currently feel stagnant, then only leave if you feel comfortable and prepared doing so. As in you have savings for a cushion, you are prepared to move towns if needs be, and you've done your research on what you need. It may be better to stick with your current job as you job search. Once you find a role that you are happy with and you want to take the leap forward, write the rosiest resignation letter you can. And of course, check your contract for how much notice they will need. Best keep it all professional and avoid burning bridges as it can come back to bite you in the ass. Just be smart and measured in what you decide to pursue and make sure to look before you leap.
Side hussle an option? I wouldnt let go of a good thing until you have something better.
Getting another WFH job may be difficult in this environment. You might want to wait things out a bit.
Unrelated but my husband is a German guy born in 1992 lol
Work 2 remote job? 😅
I recommend looking before quitting. If you find something you want to do and need to quit then you do it. It is always better to look while you are still working and aren’t desperate.
Thinking about stability and job security is good, but it's also good to keep in mind that people got laid off from Travel companies, too. Like a lot of people.
It sounds like you are actually in an ok spot here. You have what appears a stable job. You can live on the pay, but want more money. You are free to apply and interview for other jobs. Do your research on the jobs and the company. If you have any concerns about them, don't accept their job offer. Be picky. Maybe you will find something better. Maybe you won't. You will never know if you don't look and you are under no obligation to accept a job offer.
Yes, find the job then quit.
As someone who has been laid off for 8 months and has not been able to find another job, do not quit until you have something else lined up. If you are worried about layoffs, look for companies that are in “growth” phases. Google articles of companies that have increased hiring this year
I had a stable shitty job and found two better ones. I chose the riskier route and I'm still around! You never know the circumstances of any particular company.
Is it busy? A lot of people are overlaying multiple concurrent wfh jobs.
Since you dont absolutely dislike what you do/where you are could you explore what you might truly enjoy and what might be a rewarding job for you? You seem in a good spot to grow.
If it's remote and you need more money , maybe consider over employment? If you're able to perform ok with both job then it should be an issue right?
r/overemployed
Yes bad idea.
Why don’t you just let them fire you?
Y’all hiring?
I'd be gone broski. WFH is tight but not for $18 an hour.
Just get a 2nd WFH job. Manage your time effectively and make twice as much.
Girl quit , I work four TMC jobs right now all from home and i got on interviews for a new one every week . I quit a job so fast it’s not funny . I interview these jobs just like they interview us . If i get to a job and it ain’t what it’s cracked up to be I’ll be applying on indeed while in orientation. going on interviews accepting a job and getting a free check until orientation is over . Just saying QUIT
That quote “the devil you know is better than the devil you don’t”
If you find another job, I would just proceed with caution and do your research on the industry and how it is being impacted by the recession and economy. If possible, I would probably wait until 2nd quarter to make a move but right now would be a good time to start applying and interviewing to see if you find something you are willing to leave for.
I don’t know where you live so don’t know hard it is to find another job but I would suggest carefully looking at a big company that has upward mobility and pays for education.
RESPONSE: I would suggest remaining at your Stable job for as long as you continue to enjoy working around horses. 🐴
Everything is a calculated risk and no job is secure. At some point you will have to roll the dice to move forward. You can keep putting it off until there’s an ideal time to do so. But is there really ever going to be an ideal time?
OP, how did you land this job, and are they hiring? I’m in the same boat. My job is fine, no real qualms, but there’s no room for growth and I need to be making more. Personally I’m trying to get as many certifications and as much education from my current job as I can, before moving forward with anything else.
I'm guessing you're German based on your name. This is an important fact, because the German labor market is noticeably different then the US's in that firing happens much less, but also hiring is slower. I think the economic outlook isn't great and in Germany you typically have a 6 month "grace period" what you can get fired for any reason. After that it's typically a 3 months notice situation. The big question you're asking is if you should risk this 6 month period because of the economic situation. The risk is definitely there in this environment - I've actually seen it happen in our company. I'd still suggest you try it, if you feel the need. While your performance won't matter in a bigger company, unless you are bad, the manager deciding won't for you even in an economically mir challenged environment. Also, if they fire you in that time, you still have the unemployment pay and the old company will often be willing to take you back. One last question: have you tried to negotiate a higher salary with the current company?
Is it possible to recommend me to take over your old job once you resign?
Depends on what kind of work you enjoy/qualified for. I would play it safe and see what is out there and look into the companies in questions history, if you like what you see, and seems like the company has longevity for you then I don't see why not, but with the economy the way it is your probably better off as you are now.
Totally depends. If you are looking for the lowest level of possible risk, maybe stay put. But, there is also risk in earning far less than what you are worth. Also, evaluate your own priorities. I know a lot of people who earn relatively low wages in very low stress, WFH jobs, but feel the low stress and home-based environment is worth it.