Tech Winter Is Coming! How Do We Prepare For It? [Chills 92 with Jeremy Au & Jeraldine Phneah]

Winter is coming… tech winter, that is. Previously on a hiring & spending spree, we are now seeing layoffs among tech companies as they become more conservative in their operations. Is the tech winter a cause for concern, or are there rare opportunities to be seized in this unique situation?In this Chills episode, we discuss how employees & investors in the tech industry can ride out the tech winter. Which jobs are susceptible to layoffs during a tech winter? What can tech employees do to negotiate their stay? Is tech winter a good time to buy tech stocks?Join in the tech winter discussion with our guests Jeremy Au, venture capitalist from Monk’s Hill Ventures, and Jeraldine Phneah, account executive at Spot.io where she helps startups extend their cash runway by optimizing their cloud spend.(01:34) How Jeraldine Phneah and Jeremy Au met (02:55) What Jeraldine is hearing from startups (03:48) What is tech winter? (05:13) This is not the first tech winter(08:50) VCs are still looking at growth but they also care about profitability (12:05) How are startups preparing? (13:55) How tech winter is impacting the job market? Which jobs are being impacted the most? (17:30) Are Venture Capital jobs being impacted? (19:53) Positioning yourself well in this macroeconomic environment(21:27) How startup founders hire (25:07) How long will this last? (28:45) Is this a good time to invest in tech companies?(33:06) Jeraldine's best and worst investment PS. Check out another tech-related podcast episode here.Get our show notes at https://thefinancialcoconut.com/chills92Disclaimer: The content in The Financial Coconut is solely for education and entertainment purposes. It does not serve as any form of advice or recommendations.For all other links mentioned, or to discover more from the team at The Financial Coconut (including all our other shows), go to https://linktr.ee/thefinancialcoconut ---The Financial Coconut started out as a reaction to online fake gurus who are propagating over simplified get rich quick programs. A Podcast that grew out of a desire to share best practices regarding personal finance turned into a network of content championing this idea of “Creating a life you love, while managing your finances well”.Learn about our eventsHelp us get to know you better: http://bit.ly/thefinancialcoconut-survey Hosted on Acast. See acast.com/privacy for more information.