I cannot speak for layoffs in all industries ever, but I agree with your assessment of layoffs in big tech from personal experiences.
I have way too many “lifer” friends in big tech who are deadly scared of layoffs and job hopping. They are also the ones who rarely got promoted and havent had a significant pay bump pretty much ever.
On another hand, half my team at a big tech company got laid off back at the start of 2023. 4 months later, I caught up with them over drinks, and the results were rather interesting. They all got around 4-6mo worth of severance pay, spent 2-3 months just skiing/traveling/hiking/vacationing, then 1 month or so interviewing, and then starting their new jobs shortly after. All seemed rather happy, both with their new positions/pay (which had a significant paybump) and, essentially, paid vacation break they took right before.
It seems like the heavity majority of those stressed about layoffs in big tech are lifers and those who are chronically averse to and dread the interview process.
I have way too many “lifer” friends in big tech who are deadly scared of layoffs and job hopping. They are also the ones who rarely got promoted and havent had a significant pay bump pretty much ever.
On another hand, half my team at a big tech company got laid off back at the start of 2023. 4 months later, I caught up with them over drinks, and the results were rather interesting. They all got around 4-6mo worth of severance pay, spent 2-3 months just skiing/traveling/hiking/vacationing, then 1 month or so interviewing, and then starting their new jobs shortly after. All seemed rather happy, both with their new positions/pay (which had a significant paybump) and, essentially, paid vacation break they took right before.
It seems like the heavity majority of those stressed about layoffs in big tech are lifers and those who are chronically averse to and dread the interview process.