this post was submitted on 25 Aug 2024
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I was with a SaaS company for 5 years. It was my first job in software. I busted my ass and worked my way up. I ended up managing the support department while leaning how to code in my spare time. I move to Engineering and was a developer for two years.
The company had a great culture and I was genuinely proud to work there.
Then a growth equity firm came in. They said they weren't going to change the "magic" we had and were just there to give us the tools and expertise to grow. That is when the steady erosion of our company culture began.
The third CE0 since I've been there took over a few months ago. Of course he promised there would be no layoffs and he didn't see a need to change anything. Fast forward to a couple of weeks ago, I was getting panicked messages from coworkers saying they were getting let go and then I saw the 15-minute meeting with my department head on my calendar.
When the dust settled, the first layoffs at our company were over. A third of our engineering department was gone and our work was being outsourced to an outside firm.
Now I'm looking for work and it seems really daunting. My wife is self-employed and lost her biggest client that made up 80% of her income right before I got laid off. I got 4 weeks of severance initially, but I was able to negotiate 8 weeks.
Now I'm reaching out to my network, applying to as many jobs as I can find, building more portfolio projects to pad my GitHub account, and believing things will work out so I don't have a complete nervous breakdown.
I don't recommend it. Don't be laid off.