MoonDog349

Sales Manager

Valued Contributor

Executive

Opinionated

Job change… in this economy?

Selfishly looking for advice.

I've been at my company for almost 4 years. I loved it for 3 years and I'm currently close to my wits end.

Between an incompetent manager and having things like my wedding and honeymoon time off held agaisnt me for advancement opportunities, I'm done. There is a laundry list of reasons why it's time to leave.

I'm terrified to change jobs in this economy and with all of the sales and tech layoffs going on.

Please, what's your take? Why is it okay to jump ship right now? Why isn't it?

🧠 Advice

🎯 Career Development

☁️ Software Tech

33 comments

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SaaS2DaaS

Director of Sales and Business Development

This is a tough call. I recently resigned from a company I’d been with for nearly 5 years for a multitude of reasons. I struggled with leaving because of the current state of the economy, but ultimately I found a new role and had prioritize my mental and physical health as well as my family.

My advise is to have a job lined up first.

MoonDog349

Valued Contributor

Sales Manager

Sure, could never leave without having something lined up first. I guess most of my anxiety stems from “well if I go to a cool new company that seems to be doing well but ends up being hit hard next year, will I be screwed?”

Gasty

Notable Contributor

War Room Community Manager

@SaaS2DaaS: How's the new gig working for you?

SaaS2DaaS

Director of Sales and Business Development

@GastyHello, I start the new role tomorrow. It’s a unique situation because I have two former trusted colleagues that are with the new organization, so it wasn’t stepping into the unknown.

I’ll report back after getting the two week bird’s eye view.

Gasty

Notable Contributor

War Room Community Manager

Awesome!

mmazel tov

Kosta_Konfucius

Politicker

Sales Rep

Every time when someone talks about the economy

YesitsmetheTopG

Contributor

Just put in minimal effort while job searching buddy good thing is good sales people are always needed no matter the economy

NotCreativeEnough

Big Shot

Professional Day Ruiner

just choose wisely. I wouldn't move to a series A/B company in this state. I would ask about things like how the team is performing in the current market, what projections look like in the future, what they're doing to stay strong in the market, etc.

Just feel them out and see if it sounds stable or not.

MoonDog349

Valued Contributor

Sales Manager

I have some guesses why but, why not series a/b?

NotCreativeEnough

Big Shot

Professional Day Ruiner

the likelihood of them surviving a bad economy is way, way lower. They generally operate in the negative, which is fine when money is flowing from investors, but during a recession VC's are significantly less likely to give them that next cash infusion they need to be able to keep the doors open. Especially when series a/b companies are still typically struggling to even develop a strong market fit

StayInYourLane

Executive

Account Executive

I understand your pain, recently left a role where I also didn’t feel valued toward the end, and am so much better now. Keep in mind that companies are also considering what might happen in the near future. The job I left switched their hiring strategy and pretty much put recruiting on hold. My new company had planned to hire more this year, but I lucked out being in the last “cohort” (2 of us), until they reassess in Q1. I’d go with the other advice here to ask the right questions, and unless the company seems to be hiring wildly or you get a bad vibe from them, go for it. Best of luck

Sunbunny31

Politicker

Sr Sales Executive 🐰

You don't have to leave your current company before you secure a role with another - so there's absolutely nothing to lose if you start your search.

Maximas

Tycoon

Senior Sales Executive

agree

MoonDog349

Valued Contributor

Sales Manager

Oh yeah, agree. Not the search I’m worried about. It’s more of, I find a great new spot but they get hit hard and as a new hire I am the first one laid off.

Sunbunny31

Politicker

Sr Sales Executive 🐰

Last hired/first fired doesn't always apply in sales positions.

Should cuts happen, while you'd be unlikely to be kept over a producer who's been there for years, coming in and performing well tends to keep you around.

Kosta_Konfucius

Politicker

Sales Rep

Its a 100% okay to find a new role, especially if pay is better and you are unhappy in your current role.

If you want to be cautious, give the company plenty of notice when leaving and be extremely helpful training the backfill who takes over your work.

So if shit hits the fan, you can be welcomed back immediately

TennisandSales

Politicker

Head Of Sales

why its ok:
Because not every company is effected as bad as the ones laying off everyone.
you can find an industry that is more recession proof and still booming right now.

why its not ok:
if you leaving to get 5-10K more in base pay
if you land at a company that is not doing well

SoccerandSales

Big Shot

Account Executive

I don't see any reason why you wouldn't be able to jump for the right role, always easier to get a job when you already have one. I would start looking and once you have offers, then jump. Taking a leap of faith is obviously much more risky

Rainingbirdies

Politicker

Business Development Representative

I would jump ship if it is the right opportunity. A strong company, great sales team/management. Make sure you ask all the right questions to know its a fit. I wouldn't want to join a company that doesn't have what it takes to withstand a recession.

If the only reason you want to leave your current job is because of your interpersonal relationships, maybe that can be amended. If not, I don't see why it's worth it to stay, especially if you are a good performer. Plenty of other orgs that will value you.

PleaseSignHere

Good Citizen

Enterprise Sales Executive

Happiness > Fear of Change

MoonDog349

Valued Contributor

Sales Manager

Preach

Douglo

Opinionated

Sr Account Executive

It's not a horror show at a lot of top orgs right now, you just have to be very selective. The days of shooting fish in a barrel are behind us. We are still rapidly hiring and plenty of people are crushing their number.

antiASKHOLE

Tycoon

Bravado's Resident Asshole

Start looking and interviewing. dig deep and find it.

Rallier

Politicker

SDR Manager and Consultant

Just make sure you do your research on the company you are going to move to

SalesMama

Executive

Senior Account Executive

Layoffs don’t discriminate- I watched former colleagues (even those who were well over quota personally) get laid off after as many as 8-9 years. Don’t let the environment stop you if you’re miserable.

That said, @SaaS2DaaS is right - in any economy you should always line up a new gig before giving notice

MoonDog349

Valued Contributor

Sales Manager

Good point!

Maximas

Tycoon

Senior Sales Executive

Probably you should wait till having a better opportunity between your hands, things are tough nowadays.
Try also to have a talk with your wife about it, she may have valuable inputs to say about it.
As any decisions you may take at this stage may affect you both financially.

northstar

Valued Contributor

It’s always good to have something worthwhile at hand before jumping ship just remember that the grass is not always greener on the other side

Doge

Executive

Senior Partnerships Manager

Hit up your network to see if anyone is hiring! Doesn’t hurt to dip your toe in the water

IYNFYL

Politicker

Enterprise SaaS AE

I agree have another option lined up unless you have a lot in the bank. I have left before bc I was fed up and ended up having to go work and make minimum wage to pay bills.

dreadpiratescript

Politicker

Producer

bet on yourself and your skills. you are successful now and will prove to be so in any circumstance. Don't let something you can't control get in the way of your happiness!

MoonDog349

Valued Contributor

Sales Manager

Thank you all for your time replying and giving your thoughts! It’s obvious now I should have mentioned in the post I’d never quit without something lined up next. I’m going for it… life’s too short to suffer at a job of all places.

ER0173

Opinionated

Sr. Business Development Manager

I did just this. For my mental health. left a toxic company without a new job secured. The company that offered me what I thought was my dream job, ghosted me. Then I secured an even better job, for more money with a fantastic company. Don't despair, it can be done. Just be mentally prepared, organize yourself, your finances and your household for a few weeks (months) without a new job. But it can be done. Network like crazy. I wish you the best!

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MoonDog349

Job change… in this economy?

33 comments

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