How to predict layoffs (signs in 2024)

The most surefire signs to tell your company is going to do layoffs, despite your executives swearing up and down they won't. If their job is to maintain ship, yours is to start saving your project/Figma files...
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I’m Lily, a product designer (UX) in San Francisco. With no connections, I hustled and broke into Silicon Valley after arts school. My story has been featured in Apple News and Business Insider.
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[@Designalily]

Do we like the skits in the beginning format before kicking off the main content/tutorial?

[@engineered-mind]

Companies lie all the time - this is why I job hop every 2 years - they are mostly trifling

[@HappyPathStudio]

So good Lily. Another thing you can look for: (1) hiring freeze, (2) Recruiting teams get laid off, (3) increase in formalize performance management if it didn't exist before (structured performance reviews, more PIPs, etc), (4) layoffs start hitting R&D. Good luck out there, y'all!

[@SR-ih1be]

All corporations are full of shit

[@bornoptimist5923]

Thank you for the valuable content

[@ankit5834]

Hello! May I know what’s the best way of landing a new grad role in 2024 please?

[@8MunchenBayern8]

I try to avoid working for any tech companies no matter how well they are willing to pay. just way to volatile.

[@zazaza1000]

That's not exactly the best strategy, is it? Cost benefit analysis is needed here.

[@rubenponders]

I can definitely attest to this whole video. Worked for a company in the Bay Area from 2021 - 2023, they were like (we have lots of cash, we'll be fine). Jan. 2023, they did layoffs. It was a surprise. No warning or anything. I saw it coming cause the stock price was in the toilet and was looking for work, but since being part of a talent team, we got the boot first.

[@Rick6565]

Maybe just seeing how much work is coming vs how many workers there are can tell if u r getting overtime/hrs cut/laid off 🤷

[@Scott_T_]

They didn’t do a layoff, they restructured.

[@stayfree870]

Or rewiring for growth. The growth part include without you. It was meant for investors to hear.

[@zakenmaru8612]

@@stayfree870 I'm assuming OP is being sarcastic

[@stayfree870]

@@zakenmaru8612 You maybe right. 👍

[@Youtuberkt]

Spot on.
I’d add that stock price drop is not just affecting CEO but also employees who’s comp may be partly in stock.

[@lepidoptera9337]

Stock option packages have basically been worthless for employees below C-level for at least 20 years, if not longer. Don't get your hopes up that you will get rich unless you are being offered a CEO position.

[@jeffrorr3733]

this gets even more interesting for fortune 20 companies

[@henryjuarez8013]

I like content

[@porsiaysobelle]

you remind me of vanessa lau u might want to upload regularly

[@Rick6565]

You look so beautiful

[@KaYungCalebLai]

last video I watched you mentioned you got 3 offers and are suddenly now unemployed again 🤔

[@Designalily]

Last time interviewing for my last company I got three offers, not this time 🤔