Wednesday, November 5, 2008

Layoffs...

First, I'd like to say congratulations to President-Elect Barack Obama! Bravo on a truly heart-felt acceptance speech and a campaign that was fought the right way.

Speaking of change, rumor has it that layoffs are coming to the techies and VC firms are drying up. Seeing as how I'm thinking of leaving "The BIG Job," this makes for an uneasy time to be looking to move.

The bug seems to be spreading as the end of the year approaches. Conde Nast's Portfolio.com layed off 75% of its employees according to some reports and pretty much eliminated Men's Vogue. Yahoo, whose stock has tanked since the Microsoft buy talks, has decided to cut 10% of its workforce. Viacom employees seem to be next on the chopping block. CNET has a scorecard for those of you at home keeping score.

So, I have to ask the question that I think everyone like me is asking at this time: what does this mean to me?

For this geek lady at current time, it means nothing. Though there are swirling rumors in every office right now, nothing is written in stone one way or another. However, this is a good time for great techies to do what they can to be prepared. Start polishing off that resume or re-writing the cover letter. Begin building your brand and marketing yourself as an expert in your line of work.

And for those of us without the safety net of trust funds or rich mamas and daddies, it's time to get frugal. Save your pennies and start that rainy day fund because it might just start to pour sooner than you think.

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