Today I saw someone writing that given the current layoffs and turmoil, employees are going to revolt and demand better. That these now ex-employees will create their own companies and take over their ex-employers. A lot of people seemed to agree with this in the comment section. I chuckled at how misguided these conclusions are. The tech market right now is tough. Companies are not just letting people go, they are pausing hiring all together. Investment is the same, there is less money going around. We will likely see salaries and perks go down. What companies are even capable of providing the same package as Facebook or Twitter? How exactly do employees have an upper hand in this environment? I am not sure, but again a lot of stuff is written on LinkedIn that doesn’t make much sense.
The few people I've seen saying stuff like "revenge start a company" are VCs, who are incentivized to push people to start companies, and folks who already have their expenses covered.
I'm sure there will be new businesses started and how, necessity being the mother of invention, many folks will create value in these challenging times. Still, it seems to me like companies now have more leverage, not less. With so much hiring freezes, I'd be thinking twice about changing job.
The few people I've seen saying stuff like "revenge start a company" are VCs, who are incentivized to push people to start companies, and folks who already have their expenses covered.
I'm sure there will be new businesses started and how, necessity being the mother of invention, many folks will create value in these challenging times. Still, it seems to me like companies now have more leverage, not less. With so much hiring freezes, I'd be thinking twice about changing job.