Layoff and bouncing back

To all the people who have been laid off recently, don’t get disheartened. I have been laid off thrice and every time, I got a better offer and higher salary. If you have given your 100% and still end up getting laid off the fault is not on you. I now have started believing it happens for a greater good. Things to remember is always have a emergency fund, minimum 6 months of survival money, whichever city you are working/living on. This includes everything car emi if any, home loan emi if any, children education expenses if any, sum total of each and every expenses that you incur per month. This will give you financial cushion, you will not join the first company which rolls out an offer, you will have the leverage. If you have skills you will always find the next opportunity. Note: If you fall in the category of ppl who were working in deeply funded companies with exorbitantly insane salaries defying gravity, accept the reality of the market correction settle for less and cut down on lifestyle inflation. 4-5 years experience getting 80-90L in fixed was anyways not sustainable, it would have corrected sooner or later

FunnyBones

Plivo

a year ago

That 80-90L fixed is hyperbole. Correction is less here as compared to US. Anyway, I stand behind increased salaries for all unless it adds inflation 😅

RealOldmonk

Stealth

a year ago

I didn’t understand what you were trying to imply, as far my economic understanding is unless you are working for a foreign company and getting paid in dollars, 80-90 in India is not going to happen except for the outliers, people in these outliers will mint money but will be difficult to look for new opportunities. I am totally in for global standard salaries, but companies are going to keep PPP in mind as well as comparative market benchmark. Yes there will be some which will pay more some will pay less and some will not even be part of this as they will be on cloud nine. Its all about market dynamics, we can debate further, happy to talk on diverging views

FunnyBones

Plivo

a year ago

Not debating, just saying salaries aren’t that high for most folks. Outliers might sure be ousted but I don’t want that these outliers represent majority of the folks and hence decrease salaries across the spectrum. Think of the day in life tiktok making investors get the wrong picture of how everyone’s lives is within the company. Anyway, all good here. Not diverging views, just saying it’s not black and white.