There is hope, there is work... Got laid off four months ago, was not expecting it. The severance was better than expected, 4 weeks for the first year of service, one week per year after that. Paid about 40% tax on it. Got a job at AWS, took me about 2.5 months to close all of this, but I was interviewing the first week after I got canned. There is a ton of work, Pivotal, AWS, MongoDB, etc. Pretty much all of them are hiring. I am in my early 50s, so that was not as bad as I expected (I thought that I stood a slim chance only since I was older). Update your resume, network with people, you'll be fine - it'll hurt but you'll be fine...
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Managers and Directors will find it harder to find new job. The ratio of Management to Employees can be 1:20+. Director level typical handling over hundreds of employees. Also, management did not actually have a specific skill that technology can live without particularly the people management. During tough times, teams of technical people just get rolled up/merged to other teams. So, it is naturally will take management more time to locate a job. Then it comes to expected pay. Will management take pay cuts and etc. Company can live another day without a manager but can't really live another day without someone actually have a specific skills to tackle specific problems.
Question to the OP: When you took Amazon's online assessment test, did you ace it 100%. I know of people who took it and did "OK" and never got called back.
Some of our RIFed Managers and directors are having tough time to find a job since last RIF. Try avoiding Sparc and Solaris on resume, show more linux and java skills. You will be fine.
I am glad to hear it all worked out for you!
Good for you. And yes, there is a ton of work out there - need to be flexible but a ton of money and work is waiting
Palantir's hiring anyone with a pulse and large dataset experience