1

Facebook and Netflix Recruiters Try to Poach Snap Talent After Layoffs

 1 year ago
source link: https://www.businessinsider.com/snap-layoffs-recruiting-facebook-meta-netflix-tiktok-amazon-2022-9
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.

Facebook and Netflix Recruiters Try to Poach Snap Talent After Layoffs

US Markets Loading... In the news
Premium Home Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options. Tech

Laid-off Snap employees describe 'overwhelming' recruiter outreach from Facebook, Netflix, and TikTok. Some former staffers say they got reachouts from over 70 companies.

1 hour ago
Save Article IconA bookmark
Share iconAn curved arrow pointing right.
evan spiegel

Snap CEO Evan Spiegel. AP Photo/Jae C. Hong

  • Snap recently laid off about 20% of its staff.
  • Laid-off workers told Insider a silver lining is that many companies are keen to hire them.
  • Former employees said they received messages from recruiters for Netflix, Meta, and TikTok.

While the recent layoffs at Snap came as a shock, former employees found themselves in high demand, describing the resulting volume of recruiter reachouts as "overwhelming."

Snap laid off about 20% of its staff earlier this month. Several laid-off staffers told Insider that since then, their inboxes and LinkedIn posts had been swarmed by recruiters from top tech companies like Google, TikTok, Amazon, Meta, and Netflix.

"When this first happened, I started a doc to keep track of all of them just so I could make sure that I was responding to people and keeping these opportunities top of mind," said one former Snap employee, who spoke with Insider on the condition of anonymity.

"It's gotten to be so overwhelming, I haven't been able to update that anymore," they added. They said that more than 30 recruiting firms had reached out and that they'd received over 100 new LinkedIn connection requests and about 75 invitations to interview with recruiters at companies including Netflix and Meta.

Another former employee said that before the layoffs they'd already had a consistent stream of recruiters reaching out to them — maybe one or two a day from companies including TikTok, Amazon, Meta, and Google. They said that the outreach had increased exponentially since they lost their job and that they'd heard from companies ranging from startups to major financial players known to hire top tech talent, including Citadel, Two Sigma, and Jane Street Capital.

"I had over 70 companies reach out in the first week, and it's definitely trailed off a little bit since the first week, but not that much honestly," they said. "I mean, we could go through the LinkedIn messages here, and it's still pretty ridiculous. I still have God knows how many invitations that I haven't processed."

Other companies like Unity, Dropbox, and CrowdStrike have swarmed the comment sections of former Snap employees who shared on LinkedIn that they'd been laid off.

Snap sits at the intersection of the tech and creator-economy industries, which both experienced boom times in recent years but have been particularly rattled by the economic downturn this year.

At least 20 creator-economy companies have laid off staff recently, and even some of the largest tech companies like Google and Facebook have implemented hiring freezes or layoffs.

Another laid-off Snap worker said that the famously lucrative tech perks that had lured them into the industry simply weren't worth the instability for now, even amid the vast interest from prospective employers and support from current and former Snap employees.

"I'm not looking to jump right back into tech at all. That's an absolute no. It's just too volatile of an environment right now," the former employee said. "I don't want to do that again — like, have a whole other change, potentially go to another job where I'm there for a couple months until my position's eliminated."

Are you a tech employee with insights to share on how the economic downturn has impacted you? Got a tip? Contact Diamond Naga Siu securely at [email protected] or [email protected], at 310-986-1383 on Signal and Telegram, or @diamondnagasiu on Twitter.


About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK