As the stock market soars to new heights, the tech industry is experiencing an eerie calm before the storm. CS hiring is at an all-time low, with companies laying off employees despite their share prices skyrocketing. It’s a strange phenomenon that has many of us wondering: what will happen when the stock market takes a downturn?
The prospect is unsettling. Imagine a persistent bear market where companies are down 20-30% and shareholders are breathing down their necks to cut costs. Layoffs and hiring freezes will become the norm, and it’s a daunting thought.
It’s not just about the numbers; it’s about the human impact. The oil rig life, as one Reddit user joked, might become a reality for some. But in all seriousness, it’s essential to be prepared for the worst.
So, what can we do to prepare for this potential downturn? Should we be diversifying our skills, building an emergency fund, or exploring alternative career paths? The uncertainty is unsettling, but it’s crucial to have a plan in place.
The tech industry has always been known for its unpredictability, but this feels different. It’s time to take a step back, assess our situations, and prepare for the worst. Because when the storm hits, we’ll need to be ready.