I've seen two types of people here in Seattle in tech affected by these layoffs and Amazon and Microsoft:
a) living paycheck to fat paycheck because of how they decided to misuse their compensation, i.e. luxury cars, getting the maximum mortgage the bank would allow for them and buying a house in the past year because of FOMO, etc.
b) those who have years of runway, and are only upset because they may have to sell off some of their ETFs to make ends meet if they can't find something in >1 year
Unfortunately, I see too many of my fellow devs fall into category a) and are really up a creek. The best thing to do when one lands a highly-compensated tech job (in the future at least) is to treat the "extra comp" as that: extra. Just max out the "mega backdoor Roth IRA" instead buying of a custom-wrapped Tesla.
a) living paycheck to fat paycheck because of how they decided to misuse their compensation, i.e. luxury cars, getting the maximum mortgage the bank would allow for them and buying a house in the past year because of FOMO, etc.
b) those who have years of runway, and are only upset because they may have to sell off some of their ETFs to make ends meet if they can't find something in >1 year
Unfortunately, I see too many of my fellow devs fall into category a) and are really up a creek. The best thing to do when one lands a highly-compensated tech job (in the future at least) is to treat the "extra comp" as that: extra. Just max out the "mega backdoor Roth IRA" instead buying of a custom-wrapped Tesla.