On episode 109 of The HR Famous Podcast, long-time HR leaders (and friends) Tim Sackett and Kris Dunn come together to discuss the rise of tech layoffs, Elon Musk’s acquisition of Twitter, and how to be a recession-proof recruiter.
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1:30 - Tim shares that it feels like the world is on fire with tech layoffs everywhere around us. KD says Marriott is still hiring strong. KD is finding that the “recession” is impacting particular industries more than others unlike any other recession before.
4:30 - Tim shares some stats around hiring and unemployment. The projected unemployment rate isn’t expected to increase that much in the next 10 years. Tim notes that we’re not making enough people to fill jobs.
6:40 - KD has a rising senior in college and he is nervous about an impending recession so he made a move to secure a job at a past employer for post-grad.
11:40 - As we all know, Elon Musk bought Twitter and gutted the Twitter staff. There have been a lot of rumors swirling around that Twitter is on the edge of shutting down any day.
16:00 - Elon made an email to the Twitter employee saying that it’s going to be a hard place to work at. KD references Tony Hsieh from Zappos when he would give his employees money to leave if their company wasn’t for them.
20:00 - Tim notes that these are mature companies, not start-ups and they have to be cognizant of their burn rates.
21:45 - Tim asks KD what recruiters aren’t going to lose their jobs. KD notes that it will be highly dependent on the type of positions being recruited for and the culture of the company they work for but ultimately, it depends on how many positions they close.
24:20 - Another trait that KD notes in a recession-proof recruiter is the handling of a hiring manager relationship. This depends on how they handle updates and how they help and influence the efficiency of the process. Tim also thinks it’s important to have the skill set of an HR generalist.
29:30 - Tim thinks it’s vital to be visible as an employee. Although that doesn’t mean you have to be in the office, you have to put yourself out there in whatever space you’re in.