Just my opinion.
I work in the industry for about 10 years.
At time when I began my career, every year, especially after new year, people collect their end year bonus, then quit, seeking job at another tech company, usually at higher pay rate (a jump in salary), for new graduated, the jump is high, usually 20% to 50%. It always happen every year.
But in recent 2-3 year, thing look bad. Corp layoff at end of year (with parting package instead of end year bonus), and people looking for job at the beginning of new year. Ahhh, something more, those who are layoff usually don’t get pay rise at their new post like old day.
Maybe the corp have found the way to turn the bargain in their favor.
What do you think.
Jack Welch might not be the first; he’s certainly one of the biggest behind this trend. He’s also usually the one people cite for this. Mass layoffs are a huge part of moving “value” around the economy in ways that got huge in the late 70s and early 80s. The only people to see that “value” are the people who aren’t affected by layoffs.
weew, thanks the strange knowledge have been learnt.