Layoffs

Things are not going well for the software tech industry. Starting from 2022 all we hear is bad news. Unfortunately, my current employer Hopin started laying off its employees in early 2022, and we faced three major waves of layoffs just in 2022. The situation was incredibly stressful. The news of possible lay-offs and the whole process of speculation, rumors, and anxiety took a toll on my health. I can’t even imagine how daunting it was for individuals being laid off from tech giants like Meta, who subsequently had to leave the country.

There’s also this tweet shared by a friend in a telegram group chat that caught my attention.

As my contract is coming to an end in September 2023, I will need to actively start job hunting, and I might be just one of the many hopefuls in the market. The current situation seems to be quite unpredictable, making it challenging to have a clear picture of what lies ahead. Nevertheless, I continue to hope that this is just a temporary setback and that the future holds promise for better things.

Banking Challenges

Despite the ongoing news about layoffs, we are now seeing reports of banks facing bankruptcy. I use the term bankruptcy as I am not an expert on the issue. In my head, this whole thing is some bank going bankrupt. To be honest, I am far from understanding the whole picture since I am a software engineer with almost zero interest in finance and economics but here’s a short explaining what’s going on. When such things start to happen it is not unusual to see a domino effect happening. In the near future we might hear more news like this.

I am sorry to say that my current post has a somewhat negative tone that is not reflective of what I truly wish for myself and the industry as a whole. I remain optimistic and hopeful that everything will eventually turn out for the best.