Guidance on navigating down cycles
Are there folks on the vine who have experienced previous down cycles? Financial crisis of 08-09 or the funding winter in 16-17?
What would you suggest someone who has been laid off on how to navigate career trajectories given the uncertainities ahead. Many folks would have planned their career paths but due to the change in situations all of this has gone for a toss.
Should people settle for lower pays or lower designations? How does it impact the trajectory ahead
Other folks who have read about this or discussed this with others do pour in your thoughts
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Take what u get and stay employed... Recruiters are much more open to hiring people who already have a job.... It sucks for people but that's the way the world works
Repeat after me.... This too shall pass...
Hey.. in continuation of this
So, I was laid off and joined a company with 25% base pay cut
I am still looking and applying for jobs outside my work hour. I got a call from recruiter and he asked for reasons for this much pay cut. Is it bad? Will it affect my compensation in future?