Which raises the question of when to jump ship, doesn't it? If your current employer is looking like lay offs and bad times are a head, and the market is really good, do you stay and wait or do you start looking now? You defenitley shouldn't wait to be last one to tirn of the lights, because at the very least your gonna compete with your former co-workers.
"If you must panic, panic early. Be scared when you can, not when you have to. "
@nntaleb
I was an independent consultant from a 2001 dot-bomb layoff to the beginning of 2008. I saw hard times coming and took a job with the most bomb-proof client I had, and it worked out really well.
I'm looking at a non zero propability of having to do that in the next 12-18 months. Not disclose too much, let's say it is funding related and has nothing to do with me.
Now my problem is that I have to move to something, and not away from something. If the company and job aren't intriguing I have a tendency to perform not as good. And I still like my employer and manager, the latter more than the former. Plus, I need to be able to show something before switching jobs.
Something to think about on the next weeks and months, especially with a family and commitments. As I said, the market is good. I wouldn't have much trouble finding something if I really wanted to. On the other hand, having a stable income after a failed attempt on a start-up is quite nice, and I'm out of the probation period.
Pretty much, if you can choose the parts of the company which are profitable and self sustaining. If given the choice, avoid profitable businesses that rely on other companies growth projections (aka ads)
