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2 Layoffs in 2 years

Hii, I'm a front-end developer having around 3 years of work experience. I got laid-off in 2023 just after 1.8years in an organisation. Then I joined another company and got laid off in 6 months. Now I have an offer from early stage startup but I'm too scared to accept it because of my experience. But on the other hand I don't have any offer as well. Will it look bad on my resume. I don't know... I've started thinking that something is wrong with me otherwise what is the chances of getting laid off twice within same year. First I loose my peace of mind because of work pressure and then I loose my work... pretty f**cked up situation. I have never been this unde confident. What do you think shall I take the offer from startup again or wait few more months or more to get into good mnc??

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DryGoodie55

Stealth

4 months ago

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User12

Not available

4 months ago

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DryGoodie55

Stealth

4 months ago

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BlankSmolt17

Unicorn

4 months ago

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User12

Not available

4 months ago

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Software Engineers on

by meowww

Stealth

Startup let go Eng team on 1 day notice

It's gonna be long thread. I have been working as lead engineer in a early stage startup since last one year. Founder (20 years exp in Product Management) raised some money from friends & family to start it and but company was running negative from February and he put his money to pay employees salary for March & April and We were hoping for some investment in April but that didn't happen. During May & June, he was looking for funding more aggressively and even after having a good background in academics & top tech work experience in product management, no investor got convinced to invest in it. Our salary for March & April was delayed from actual payroll date by 7 days and 21 days respectively and We were expecting our May salary to be delayed by same period and our company was about to complete one year in first week of July so we had some one year benefits associated as well. But Boom, he invited everyone on call and tells that company will shutting it's operation from next day itself. And he will help us find our new jobs and he doesn't any clarity on pending salary. Although we knew, our company is not in good shape so salary cut or something might be happening soon but didn't expect this. Now, we have to find other jobs and also be unemployed while searching for job and also get exploited by other companies because we will be desperate to find jobs to pay our bills. I think, he did this just before 5-6 days of our one year anniversary just because he doesn't get legally bound to pay our one year benefits. I for sure, not gonna join any early stage in future who doesn't have enough funding. Just wanted to put this story out of my mind. Open for any suggestions you have for me Thank you

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Misc on

by Dugguu

BFSI

Insecure about what if i lost my job

I feel a lot of insecurity about what if I lost my job. I work in Analytics & data science in a well known Indian Bank. Overall WOE is 8 yrs with 6 yrs in Analytics Tier 1 Engg+MBA. I would say after MBA i lost my way and hence behind my peers in career growth. This is mostly due to unsatisfactory work in the beginning leading to switches based on emotions and impulse, not patience. Though my current job is stable and its been about 2.5 years in this role, it’s a bit stressful and honestly I don’t like the constant firefighting mode that we are in. I constantly put in 10-11 hrs on a daily basis with occasional work on weekends. This includes almost 3 hrs of meetings everyday, where a lot of redundant work requests come in and almost everytime they have to be delivered in next 1-2 days. Quality of work is not so great. I tried applying but not getting decent calls. Only startups and Indian cos with high turnover reply to my applications. They too aren’t ready to discuss a decent hike. I am really insecure about what will happen if I quit / laid off. I have gone through layoffs earlier in my career and believe me it’s a terrible experience, eats up all your savings. I tI tried a few sidegigs to build passive income source such as building a YouTube channel on travel, or a travel advisory app but couldn’t move much. App didn’t happen and YT channel didn’t get off after few months of hard work. I currently am very demotivated and feel that i have not been able to grow in my career. Salary posts on grapevine add a lot more to my demotivation. Current CTC is 27.