Is it time to start applying for new jobs ?

Hey everyone, when do you think is a good time to move on from a startup and start looking out for a new role ?

To give you a background, I have been part of this startup in a sales closing role for more than 3+ years. Being a Hardware + software product, we had a rough time in the initial years but clocked close to a 1 Million USD in orders booked with good contributions from my side. However, past few months, the mood across board is very gloomy with

• Layoffs happening every month , • Competition moving ahead of us in a rapid pace, • We are more or less absent from most of the tradeshows. Being a Hardware product driven through trade channels like distributors, being present at these shows is paramount. So no inbound leads • Marketing function being reduced to single person responsible to just post on LinkedIn and website maintenance, • No clear direction from the founders on the way forward, completing the remaining product items or contributing to sales • A feeling across board that everyone including the senior management is just looking at saving their jobs • Last hike in Jan 2022. In Jan 2023 we did not have any hike but we were promised a percentage of orders booked if we reach BEP. we are still way short of BEP

How do you think should I evaluate the whole situation ? Is it time to look out aggressively for a new job ?