Recession concerns

Question

I've got an interview with Expedia as a software developer level 3. I've got a friend who got an offer but turned them down because he was concerned that the upcoming recession would cause layoffs or a stagnant income. Does that make sense? Should I regard it as a concern as well?

adorable · Accepted Answer

Stagnant income.... Expedia....
   Er, since when was Expedia a fast moving, fast growing startup? lol.
   https://www.statista.com/statistics/269387/revenue-of-expedia/

It's a travel company limited by the covid, so as long as travel opens up again, the revenue of the company will increase and so will pay/bonuses.

This month, things are opening up again across the globe, so even Australia is a Go again.
   But if Covid 2023 comes and locks everything down again, oh, well...

...

That said, what's the career GOAL/PATH desired?
   Ie. If you want to eventually lead global Game releases like CoD, you do not want to be working at a Travel company.

Kdoj91738owhb · Answer

I wouldnt turn down an offer unless I knew for sure my current situation was rock solid. If the company is better and my situation at my current employer was bad, it’d be a no brainer.

stoopkid · Answer

The best way to ensure you'll never be laid off is to not have a job.

19g618l1f7qhz1 · Answer

It does make sense as people spend less on non-essential during the recession. Companies that serve the essential market do better in the recession.

19g618l48lv60o · Answer

How can you say which company is going to do well or not in a recession ?Some startups may have years of funding and a promising product. Some IPO companies might fire people as part of reorganization.I mean there is no proper way to find this in my opinion.

Recession concerns

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