Is it if you are not a home owner still? The problem with not being a home owner is that you have very high burn rate because the market was able to optimize for housing profit extraction - that is, significant portion of the compensation of high earners ended up in the pocket of property owners.
Suddenly, these high earners are no longer high earners but they can't instantly transfer their situation to property owners which means they have only 16 weeks or a bit more to start receiving at least equal paycheque. It often takes more than that to start working somewhere white collar and since Meta is not the only one doing lay offs, it probably means that they will not be able to start receiving similar paycheque when they continue having the same burn rate(or maybe higher, because inflation).
I don't say that Meta is necessarily wronging these people but I can't keep but thinkıng about what it means being compensated for the work you are doing and the security of your life. If you take home 10K every month and distribute 9K of it just to sustain life then your compensation is actually 1K/month.
Tech layoffs are happening this year and its probably well justified but I have a feeling that other parts of the economy is also not functioning right and people will get screwed because their business relationship(compensation and cost of doing business structure) isn't fair.
There are a lot of people doing room share to take the cost of rent down or commute long distance. You can definitely balance between price, commute, comfort, privacy, grownupship and self respect. No surprise that many people really, really want to fully work from home so that they can better optimize.
9K is exaggeration of course, that would be quite irresponsible but it would be also the only way to put you in a lifestyle of a person who makes 5K a month.
Suddenly, these high earners are no longer high earners but they can't instantly transfer their situation to property owners which means they have only 16 weeks or a bit more to start receiving at least equal paycheque. It often takes more than that to start working somewhere white collar and since Meta is not the only one doing lay offs, it probably means that they will not be able to start receiving similar paycheque when they continue having the same burn rate(or maybe higher, because inflation).
I don't say that Meta is necessarily wronging these people but I can't keep but thinkıng about what it means being compensated for the work you are doing and the security of your life. If you take home 10K every month and distribute 9K of it just to sustain life then your compensation is actually 1K/month.
Tech layoffs are happening this year and its probably well justified but I have a feeling that other parts of the economy is also not functioning right and people will get screwed because their business relationship(compensation and cost of doing business structure) isn't fair.