Volume 73
Good morning,
If you work in tech (or know someone who does), you must have noticed the differences between 2020 – 2021 and 2022 – 2023. With the former, we saw a sharp increase in hiring. Many factors contributed to this, but one of the most important is the events that followed the Covid-19 breakout. More people turned to remote work and different online activities during the pandemic’s peak, spurring tech companies to focus on hiring to meet the demand. The thinking that this surge in demand would continue.
And so it was relatively easy to get job offers. People got jobs faster than they could lose them. To put this in context, Meta nearly doubled its workforce from 48,268 in March 2020 to over 80,000 by September 2022. It was an employee market.
Then things started to slow down in 2022. Before the year ended, companies were cutting their workforce for myriad reasons due to unfavourable macroeconomic conditions. A week hardly went by without the news of a company announcing a round of layoffs. Even the Metas, Amazons, and Googles of the world weren’t left out.
The 28-year-old in this week’s NairaLife is one of the hundreds of thousands of people who have lost their jobs in the past two years. For him, it happened twice within seven months. Tough.
Luckily, his $80k safety net and other work moves offered him much-needed protection.
In this letter:
- #NairaLife:This Tech Bro Survived Two Layoffs by Working Multiple Jobs
- I’ll Never Date Someone Who Earns Less Than Me Again
- #ZikokoMoneyVideo: How much does a pepper seller make in a month?
- QUIZ: Pass This Simple Money Quiz to Prove You Don’t Deserve the Trenches
- Where The Money At?!
#NairaLife: This Tech Bro Survived Two Layoffs by Working Multiple Jobs
The 28-year-old mobile engineer in this #NairaLife has come a long way in his relationship with money. He’s gone from careless spending to building an impressive $80k safety net by living below his means. He’s now navigating the insecurity that comes with a tech career, after surviving two layoffs in seven months.
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I’ll Never Date Someone Who Earns Less Than Me Again
Nenye* (26) talks about her three-year relationship with her ex, the several money-related issues they had, and why that experience has turned her off dating men with less money than her.
We all have questions about how to manage money, work and career we’d like clarity on, don’t we?
This is where Aunty M. Let’s call her the experienced older sibling you can come to for answers and actionable money and career advice.
All you need to do is send your questions below, and we’ll take it from there.
How much does a pepper seller earn in a month?
QUIZ: Pass This Simple Money Quiz to Prove You Don’t Deserve the Trenches
Sure, you want to be a baller, but do you really deserve to be one? Answer the questions in this quiz to prove the trenches isn’t for you.
Where The Money At?!
We can’t say we’re about the money and not actually help you find the money.
So we’ve compiled a list of job opportunities for you. Make sure you share this with anyone who might need it because in this community, we look out for each other.
Again, don’t mention. We gatchu.
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All good things must come to an end. But not this good thing. We’ll be back next week.
In the
meantime, keep reading Zikoko’s articles and be sure to share the love.
See you next week…
Yours cashly,
Toheeb,
Zikoko’s’OG’ Mr. Money
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