It hasn’t been every company I’ve worked for, but this has been a common theme throughout my life…
The more the executives brag about how good the company is doing and about its financial strength, the more likely it is that a serious downturn is on the horizon.
I just personally experienced it again, too. End of 2024, record number of projects awarded. Billions in new government contracts. Hiring frenzy. February 2025. 90% of those contracts cancelled. Mass layoffs.
Prior job: Record sales each year. Fastest growing business in the region in our niche and for our size. Always supposedly on the verge of buying our own office building, a skyscraper no less. Within a year of me leaving, they ran into trouble (not related to my departure in any way and I had no idea there would be such a significant downturn). No layoffs, but conditions got so bad that people left far faster than they could be replaced, until things stabilized at about 1/3 of the peak number of employees.
So all I’m saying is, if your employer is feeding you the story that they’ve had record profits, prepare yourself for the incoming storm.
It hasn’t been every company I’ve worked for, but this has been a common theme throughout my life…
The more the executives brag about how good the company is doing and about its financial strength, the more likely it is that a serious downturn is on the horizon.
I just personally experienced it again, too. End of 2024, record number of projects awarded. Billions in new government contracts. Hiring frenzy. February 2025. 90% of those contracts cancelled. Mass layoffs.
Prior job: Record sales each year. Fastest growing business in the region in our niche and for our size. Always supposedly on the verge of buying our own office building, a skyscraper no less. Within a year of me leaving, they ran into trouble (not related to my departure in any way and I had no idea there would be such a significant downturn). No layoffs, but conditions got so bad that people left far faster than they could be replaced, until things stabilized at about 1/3 of the peak number of employees.
So all I’m saying is, if your employer is feeding you the story that they’ve had record profits, prepare yourself for the incoming storm.