Software Engineers, stop worrying about layoffs.

День тому

Please stop worrying about tech layoffs. In the end, there is really no point to it. Let me explain.
Also, check out more great Software Engineering resume examples at bit.ly/4akAey7
📚 BOOKS I HIGHLY RECOMMEND
DATA STRUCTURES & ALGORITHMS
Grokking Algorithms (Beginner) - amzn.to/2JcBrjS
Data Structures and Algorithms Made Easy (Intermediate) - amzn.to/3EKPxk2
Introduction to Algorithms (Advanced) - amzn.to/2V03JRb
SOFTWARE ENGINEERING
Clean Code - amzn.to/3nHNtAC
Clean Architecture - amzn.to/3kZ7UqR
The Productive Programmer - amzn.to/33aMeSE
SYSTEMS & ARCHITECTURE
Understanding Distributed Systems (Beginner) - amzn.to/3cjChr5
Designing Data Intensive Applications (Advanced) - amzn.to/3fxgOLm
Software Architecture: The Hard Parts (All levels) - amzn.to/3XTHQ4g
ENTREPRENEURSHIP
The Unfair Advantage - amzn.to/3CIBE6z
The Lean Startup - amzn.to/3XpzMcx
Act like a Leader, Think like a Leader - amzn.to/3NlyBGx
ENGINEERING MANAGEMENT
Engineering Management for the Rest of Us - amzn.to/3JanteZ
PRODUCTIVITY
Atomic Habits - amzn.to/44kouJ3
Deep Work - amzn.to/44jy8LZ
The Productivity Project - amzn.to/3CLZEps
Building a Second Brain - amzn.to/3qXegzU
FINANCE
The Psychology of Money - amzn.to/3PprU97
The Intelligent Investor - amzn.to/3CI5dFB
View many more recommendations at my AMAZON STOREFRONT
www.amazon.com/shop/engineeri...
☎️ BUSINESS INQUIRIES
inquiry@engineeringwithutsav.com
🏷 DISCOUNT CODES
10% off Educative.io for Excellent courses on all things Software Engineering
educative.io/engineeringwithu...
🏪 AMAZON STOREFRONT
www.amazon.com/shop/engineeri...
All my recommendations for books, gadgets and gear are also available at my
Amazon storefront. Check it out!
👕 LIKE THE "GOOD COFFEE, GREAT CODE" HOODIE?
You can purchase one here: www.engineeringwithutsav.com/...
📧 REACH OUT TO ME ON SOCIAL MEDIA
Instagram: / utsavized
Twitter: / utsavized
Web: www.engineeringwithutsav.com
💻 EVERYDAY GEAR I USE
Keychron Q1 Mechanical Keyboard - amzn.to/3XpsntQ
Logitech MX Master 3 Mouse - amzn.to/3iWUyjW
BenQ PD3220U 32 Inch 4K IPS AQCOLOR Monitor - amzn.to/3D6lzsg
⏱ TIMESTAMPS
00:00 Intro
02:15 Why do layoffs happen?
05:30 Why it should not matter
‼️ DISCLAIMERS
This video is sponsored by BeamJobs.
Links included in this description may be affiliate links. When you buy a product or service with these links, I may receive a small commission. However, there is no additional cost to you :) I genuinely appreciate you supporting my channel so I can continue to provide you with awesome software engineering content for free!
Also, all opinions are my own and not my employer's.
#engineeringwithutsav #softwareengineering #utsavized

КОМЕНТАРІ: 60

@EngineeringwithUtsav Місяць тому

Check out more great Software Engineering resume examples at www.beamjobs.com/resumes/software-engineer-resume-examples?via=utsav

@Kitsune_Dev Місяць тому

I’m not worried about layoffs because I’m unemployed

@emilyau8023 Місяць тому

Oh dang 🙏🏻

@Tech_kenya Місяць тому

@@emilyau8023 😂😂

@helloworldcsofficial Місяць тому

Nobody's safe from layoffs.

@sp4cejock3y23 Місяць тому

The janitor is

@pieflies Місяць тому

@@sp4cejock3y23not even the janitor. If the company collapses the janitor is gone too. But like with any other profession, you just get a new job after that.

@jsc3417 27 днів тому

Nurses and Doctors are safe.

@GamesEngineer Місяць тому

I think you missed two very impactful reasons for the unusual number of layoffs: 1) Interest rates shot up very quickly from nearly zero to over 6.5%. This caused a shock to the companies that utilize debt to finance their operations. 2) IRS Section 174 tax law changes went into effect, which forces companies to amortize the expense of software developer salaries over 5 to 15 years instead of the tax year in which they occur. Section 174 is particularly nasty because it can cause companies to pay more in taxes than they earn, which can quickly lead to bankruptcy unless the company fires a bunch of software engineers. Worse still, they may need to keep firing SE staff every year for the next few years until the amortization levels off.

@l0gic23 Місяць тому

Wow on number 2. Why is this the 1st mention I've seen on this. Must learn more

@denniszenanywhere Місяць тому

And don't forget that companies have noticed an uptick in their stock value when they lay off people.

@JPAGH Місяць тому

"Software Engineers, stop worrying about layoffs". Because the next project with the new set of tools will be taken by another programmer. New technology means brand new people are on board.

@pieflies Місяць тому

It’s pretty rare that a company will change their tools/technology so extremely that they would have to ditch the old staff hire new staff.

@kalpakHere Місяць тому

Such a great healthy big brother-esque advise Utsav. Very well put and kudos on highlighting the right mindset. Also, great job getting in shape over an year :)

@Sonyemman97 Місяць тому

And what if you’ve been already laid off for a year?

@emilyau8023 Місяць тому

Have to find other ways to get income.

@Jonathan-rm6kt Місяць тому

There's lots of contracting jobs out there, if you can stomach it. Rough time to start anything more than a side hustle right now.

@LDyy1688 Місяць тому

Thank you so much sir for making this video! I think that you made an excellent point about how excessive worrying in this economy does nothing other than making your life miserable. As a student currently studying CS at UW, it’s sometimes overwhelming how hard is it to find internship nowadays and how AI may change or replace future tech jobs, but I feel less timid about the situation after watching this video.

@TechWithYoualways Місяць тому

Students in Computer science should have a group to talk about how we should cop up with the coming technology which is about to wipe compute science course

@l0gic23 Місяць тому

+1 sub! Very interested in the topics you mentioned.

@volodymyrrozdolsky1008 Місяць тому

Great video. Thank you! Yes, video on financial independence would be interesting.

@mnchester Місяць тому

Yes please!

@liuze9280 Місяць тому

How does make it great?

@Jonathan-rm6kt Місяць тому

Thanks for the video, lot of great points, especially about being too good at negotiating salary. But I personally disagree with not worrying about it. It's more important than ever for everyone to learn from the culture, hiring practices, and financials that led to such irresponsible mass layoffs. We worked hard and had great wage growth, but it's still not enough to buy a house, and now I'm trying to figure out if I should down level myself and/or take a 15%+ pay cut so I can match expectations with these lame/stable/responsible companies. I've been laid of 3 times in the last 5 years, 2 of them due to COVID. Tired of hopping, I just want some semblance of stability and my boring job back. Anyone in the same boat? Suggestions?

@benjaminthorp2208 2 дні тому

Was just laid off this week. Been feeling cynical and fearful about the market but I really appreciate your mindset on this. If it’s not something most of us are in control of anyway then shift energy to what we can control which is our own skill set dev. Thanks for the perspective.

@EngineeringwithUtsav 2 дні тому

Sorry to hear about the layoff. Yes, focus on what you can do to land back on your feet and don’t worry about the rest. Good luck!

@sushantshrestha7021 Місяць тому

Utsav dai. Really informative video. Thanks for this content. Keep going.. 🇳🇵🇳🇵

@sardineBro Місяць тому

I got laid off twice last year once at the beginning of the year and another at the end of the year; two different companies

@user-vb2bo3ts2h Місяць тому

I’ve heard about this so many times, it’s crazy

@kristopherleslie8343 Місяць тому

to pay for Clevel vacations. Also there were 3.5 million jobs available when they were fired anyways. Not like there is a shortage of jobs

@coldlyanalytical1351 Місяць тому

A very adult video - excellent.

@prashantrajaji9550 Місяць тому

nice video mate !!good insights ...loved the information

@paddyland74 Місяць тому

Thanks

@zorgon410 Місяць тому

Yep I was laid off due to the company going with a cheaper company from India, after we trained them… we need to do something about that, increase regulation on shipping us jobs over seas and restrict the amount of h1b’s - so many Americans are in stem but face an inflated market with strangled pay because of American companies cheating the tax payer

@stupidatmaa2813 Місяць тому

Thank you😊

@emilyau8023 Місяць тому

If someone has a good amount for an emergency fund and enough money for retirement to basically coast, layoffs aren't the end of the world as long as the person has a high demand job. Having a second side gig pads that fear too if a person is willing to do that. While there are no recession proof jobs, there are jobs that decrease the likelihood of getting laid off like joining the government. Tech has always been a career path that is involved in more continuous learning in order to remain competitive, so if that's not the future a person wants for themselves they might want to pivot to a career that is less reliant on that.

@ogookafor2137 Місяць тому

Spitting facts!!!

@peppix Місяць тому

Sadly just this morning my manager told.me.I have the highest salary in my team and then started a performance review on me. Timely this video 😊

@juicelee3392 2 дні тому

Since two years I have not found job

@tskali9686 Місяць тому

what's the best way to contact you about business?

@dsinghr 25 днів тому

I am performing exceptionally good as a software engineer, but it seems the my seniors (assoc directors) in general don’t support me. They praise some girls and junior engineers who just run a pipeline by doing some configuration and eat all credit. While we built alll the patterns, API, application code get totally taken for granted. Any thoughts how make an impression ?

@musiclover7778 21 день тому

switch!!!! duh!!!

@shubhamsawant1551 Місяць тому

Work in Cloud Domain raher than Coding Only Coding will not be beneficial

@nobody-er6ys 29 днів тому

Bro I am currently 16 years old and want to be in robotics and ai and ml But I am worried that by the time I graduate college there willn't be need for engineers because of AGI or AI. Any tips

@sivakumar-gx3il Місяць тому

Isn't layoffs are happening?

@johnpinheiro6211 Місяць тому

Man, you look like tiago brunet, check it out !!! Love from portugal 🇵🇹👍🙏

@tenminutetokyo2643 Місяць тому

Where is all the innovation you people promised?

@meaninglessname123 Місяць тому

Utsav gives wise advice in this video.

@thelongboat831 Місяць тому

software engineers are too.expensive Thats why

@EdwinMartin Місяць тому

Then hire cheap developers and see what that brings you.

@thelongboat831 Місяць тому

@@EdwinMartin good point tbh.

@pieflies Місяць тому

They’re only too expensive because the industry made it that way. Software engineers didn’t just start demanding huge salaries out of nowhere, the competition for high quality engineers meant that some companies paid huge salaries and then it trickled down, I guess because of supply and demand of engineers, to the point where I’ve seen some very incompetent people getting paid very high salaries. It’s harder to go back now and reduce salaries. In my country it has happened a bit, with salaries seeming to have gone down a bit overall in the last 12 months or so, but they’re still pretty good. (I see less extremely high paying roles advertised anyway.) It would have to take industry wide reduction at the same time to really take hold, and that seems unlikely when the private sector wants to incentivise the best engineers and governments pay lots of contractors because they have to compete with the private sector when they need quality engineers.