Will Coronavirus Mean Budget Cuts (And Lost Jobs?)

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anxiousanon

Will Coronavirus Mean Budget Cuts (And Lost Jobs?)

Post by anxiousanon » Fri Mar 13, 2020 6:13 pm

I am a 3L public interest student with a job offer at a legal services org after graduation. The org's ability to hire and pay is based on NY state budget. I'm scared that this situation is going to mean cuts to next year's budget and me losing my job. Someone tell me that's crazy and calm me down!

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haus
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Re: Will Coronavirus Mean Budget Cuts (And Lost Jobs?)

Post by haus » Fri Mar 13, 2020 8:29 pm

It is hard to say how things are going to work out. My take is that while some organizations will take a financial hit, I suspect that state and federal governments will likely hold up better than companies will.

Whatever

Re: Will Coronavirus Mean Budget Cuts (And Lost Jobs?)

Post by Whatever » Sat Mar 14, 2020 12:16 am

I've been interviewing a lot recently for a lateral move.
One firm I interviewed with, today told me that they're likely to institute a hiring freeze due to the virus.

Make of that what you will.

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Nony
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Re: Will Coronavirus Mean Budget Cuts (And Lost Jobs?)

Post by Nony » Sat Mar 14, 2020 9:15 am

I would imagine some of the reason for a hiring freeze right now would be logistical not budgetary, with people working from home (especially having kids home) and firms wanting to limit contact between people.

(That doesn’t mean economics won’t come into play/affect hiring at some point, but I’m not sure we’re there yet?)

classof17

Re: Will Coronavirus Mean Budget Cuts (And Lost Jobs?)

Post by classof17 » Sat Mar 14, 2020 10:45 am

WLRK just sent out an email affirming no "economic layoffs"; full "salary and benefits for as long as it takes to get through the COVID-19 crisis and its aftermath." Which I assume means everybody else is fucked.

WFH pretty much mandatory at this point unless you have a specific need to be in the office.

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haus
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Re: Will Coronavirus Mean Budget Cuts (And Lost Jobs?)

Post by haus » Sat Mar 14, 2020 8:12 pm

I work for a company that specializes in computer forensics/incident response. We are stopping in person interviews moving to phone and online interviews only. A year ago, the company rarely hired people for primarily remote, but that has been slowly changing. It looks like in the near future, we will only hire for people who are mostly remote. I am sure that this is going to cause some adjustments.

I do not know what the overall impact to business will be. I suspect that a lot of our clients will be having a rough time with the financial impact of the pandemic, but I suspect that we might get a spike of business due to companies getting hit by viruses and ransomware as they make mistakes in their roll-out of remote work for their employees.

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BlendedUnicorn
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Re: Will Coronavirus Mean Budget Cuts (And Lost Jobs?)

Post by BlendedUnicorn » Mon Mar 16, 2020 4:15 pm

yes, though I agree with haus that it's probably better that your org's budget is tied to a state budget. Unfortunately none of us really know how this ends up.

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