I was just hired by our local utility company. My thought is that if I get hired through this, not much else could cause instability. Fingers crossed I'm right.
Post by dutchgirl678 on May 1, 2020 21:47:08 GMT -5
We are growing at the moment. We develop text-to-speech synthesis for many languages and it is used in online learning and reading of newspapers and government websites etc.
I SAH now but the job I left to do so was stable- I supported consumer food and beverage manufacturers, all but one of my customers made goods you find in grocery stores (and that one could likely switch, they just made restaurant size packages vs consumer but the prior owner made consumer sized).
DH works in sales in an industry involving utilities and is commission based, so while his actual earnings could be impacted it’s too soon to tell that.
I was just hired by our local utility company. My thought is that if I get hired through this, not much else could cause instability. Fingers crossed I'm right.
I work in the investment industry, on the side that advises clients but doesn’t manage assets, so I think people want more investment advice now and that makes it stable. We’re a small employee owned company, so we don’t have a stock price to worry about, and we’re paid a set retainer amount rather than a percentage of assets.
DH works in a much less stable part of the investment industry (he picks stocks for actively managed mutual funds), so his bonuses are already gone due to market fluctuations and clients pulling money for liquidity needs (they’re paid a percentage of assets). We’re hoping his firm can hang on and he’ll at least continue to get his base pay (about 1/3 of his prior income).
I’m an electrical engineer and work in an electrical and mechanical engineering firm. My job is very stable. There is a massive shortage of building systems engineers and I am sent multiple job offers from competitors annually. My company has never had a deficit year since 1975, so our business model can withstand a few recessions.
I thought this one might hurt us, but apparently everyone is swamped by requests to set up isolation areas in hospitals, modify building entrances and vestibules for touch free controls and split entrances, and with conversions to existing offices to modify layouts and create more space between employees.
DH has always worked in high tech startup management which has been much more volatile (he’s had three companies basically shut down with little warning). In this crisis there is little to no impact to his job since everyone can easily work from home. The company laid off 3% of their workforce though.
I work for a digital marketing agency. It's volatile in that it's based on acquiring and retaining clients. (We do both one-off web design and ongoing marketing retainers - the latter is what I do.) We had major upheaval in the second half of March and laid a few people off, and took modest, temporary pay cuts. That said, our jobs are now very safe because my company got a PPP loan, and because after the initial impact of COVID, things evened out. It's a domino effect, in that if our customers have to close or lose massive revenue, they'll cancel our services, and then we'll feel the effects. But many of them also need to rely on digital marketing and ecommerce right now because they either can't be physically open or can't send sales people out or attend trade shows, etc. It's also nice that we're diversified by working with companies in a variety of industries. Of course, agencies are really only as stable as your sales and retention rates allow you to be.
Property and Casualty insurance on the carrier side. Our CEO has promised no layoffs. Plus, I do Regulatory and Compliance and we are currently getting slammed with all of the changes coming out every day.
I'm in engineering at a medium-sized software company that was acquired by one of the Big Fifteen (tech companies with > $4B in revenue). The engineering team is still expected to grow, just by a smaller amount than pre-pandemic.
The situation could change if there is a follow-on recession. But for now it feels like business-to-business services are pretty stable.