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Optical/IP

Jobless Get Less Picky

Layoff totals continue to mount as the broadband market continues to slump. And some interesting trends are emerging as the ranks of jobless attempt to re-enter the fray.

According to Light Reading's latest tally, the number of pink slips delivered in the optical networking space has reached 140,583 for public companies alone (see Grim Reaping: A Downturn Tally, updated just in time for Labor Day).

The numbers have grown as the result of workforce reductions by Agilent Technologies Inc. (NYSE: A), Corning Inc. (NYSE: GLW), Fujitsu Network Communications Inc., and Tellabs Inc. (Nasdaq: TLAB; Frankfurt: BTLA) -- see Corning to Layoff 1000 More, Corning Catches Cold, Tellabs Cuts 1000, and Optical Scythe Swings On.

In addition, scores of other workers are being jettisoned from private companies and startups (see Onix Follows in OMM's Footsteps, Network Photonics Scales Back, Disaster for Entrada? , Zenastra Zaps Employees, and Coree Cuts Back).

As the unemployed seek other positions, recruiters say they're seeing some interesting trends -- ones that suggest that jobless are getting a little desperate. Among these:

  • Jobseekers are sticking close to home. For better or worse, headhunters say, many folk who are laid off just won't look for jobs that require them to move. For example, according to people familiar with the recent shakeup at Coree Networks Inc., dismissed engineers are heading for interviews at companies like Kodeos Communications Inc., Innovance Networks, and Xebeo Communications Inc., all of which have offices nearby in New Jersey.

    "People on the East Coast don't want to move, as a rule. It's a priority not to relocate," said one recruiter, who asked not to be named. "It's more important to stay home." Even if home is New Jersey.

  • Jobseekers are going to startups. Perhaps because they don't want to move, many candidates are seeking their fortunes with startups, many of which have deliberately located themselves so as to tap the talent being drained from large companies such as Cisco Systems Inc. (Nasdaq: CSCO), Lucent Technologies Inc. (NYSE: LU), or Nortel Networks Corp. (NYSE/Toronto: NT).

    Bell Labs, for instance, has been an ongoing source of talent for the N.J. startups listed above. And in Ottawa, new companies routinely cite the exodus from Nortel and other local firms as a rich vein of new blood.

  • Candidates aren't worried about the startups they're joining. "People aren't being discriminating about where they go. They figure if one company fails, they can move to another," says one industry source. Apparently, in the current atmosphere, many qualified people are taking the attitude that one company's chances are as good as another's.

Sadly, candidates following the lemming-lead of these trends can be setting themselves up for yet more disappointment down the road. Recruiters caution candidates not to let a world-weary attitude keep them from exploring the details of the companies they're approaching for employment. Funding, management team, and company direction are still important details to consider.

For example, experts say companies that focus on what they believe to be future technology requirements may be more risky than those geared to present-day needs. Conversely, companies targeting present requirements need to be on track with future trends.

Digging the details won't ensure that a company won't derail later on. But it just might help some jobseekers stay on the tracks a while longer.

— Mary Jander, Senior Editor, Light Reading
http://www.lightreading.com
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Upside_again 12/4/2012 | 7:52:49 PM
re: Jobless Get Less Picky If only they (LR) could reduce the force
of ignorrant writers who actually
research and know thier subject vs. making it up,
this might actually be a good read.

Polling a few RIF emploee's and thier hiring companies does not make a standard for what's
happenning out there.

The Pumping and dumping of companies like LR does
makes the undertanding all the more difficult.

Reduce 100% of staff at LR and start all over,
and maybe some readers can get some details
of reality vs. tabloid reporting !!
flashhog 12/4/2012 | 7:52:48 PM
re: Jobless Get Less Picky i have to politely disagree with your "interesting trends". As a MA recruiter, i have noticed a significant increase in the tolerance for commute time or even possible relocation to find the right opportunity. People who would have only wanted a 30 minute commute might push that to 45-1 hour now. and i have seen a greater number of candidates tell me they would relocate for the right opportunity. IF YOU POLLED MORE PEOPLE, you would see that more and more companies ARE NOT WILLING to pay a relocation package, thus forcing candidates to "stay at home". It is not up to the candidates any more. companies are interviewing upwards of 15-20 people to fill one key position. if they don't have to pay a relo they won't!
ZAPPED 12/4/2012 | 7:52:47 PM
re: Jobless Get Less Picky Another typical headhunter, I was called by one 2 hours away, he wanted to send me on a 1 1/2 hour commute one way because that was all he had at the time. It is all about instant money with them, he couldn't wait until something opened up in my area. But there again they work for their clients, not the people they try to place
ZAPPED 12/4/2012 | 7:52:47 PM
re: Jobless Get Less Picky Hey, does this mean Lightreading is the major force in influencing the stock market. We don't need to give them a big head now!
[email protected] 12/4/2012 | 7:52:47 PM
re: Jobless Get Less Picky Things were never as good as people thought on the way up and are not as bad as people fear on the way down. Its time to reset expectations and decide on your priorities. After all this is all about what is best for you.

The danger of making a quick move without doing proper due diligence is that it will lead potential employers to view you as a job hopper. It devalues the investment that you have made in your career and education. It could affect your career over the next 10 years.

Be as flexible as possible. Use your network of former colleagues and peers intelligently. Take control of your job search. Be responsible for it and devote sufficient time and effort so that it positions you for the upturn, which will come. (Sooner than most people expect - circa 12 months)
kenyon 12/4/2012 | 7:52:46 PM
re: Jobless Get Less Picky Speaking of "ignorrant":

ignorrant
emploee's
thier (x2)
happenning
undertanding

Heed the plank in your own eye before trying to remove the mote in your brother's.

++++++++++

If only they (LR) could reduce the force of ignorrant writers who actually research and know thier subject vs. making it up, this might actually be a good read.

Polling a few RIF emploee's and thier hiring companies does not make a standard for what's happenning out there.

The Pumping and dumping of companies like LR does makes the undertanding all the more difficult.

Reduce 100% of staff at LR and start all over, and maybe some readers can get some details of reality vs. tabloid reporting !!
flashhog 12/4/2012 | 7:52:45 PM
re: Jobless Get Less Picky Zapped,

At first i figured you were too stupid to respond back to, but then i figured i would anyway.
Go back and READ my message this time. Before you start spouting off and cying that i am a "typical headhunter". You have clearly had a bad experience before with a recruiter, and i empathize with you. However, the meat of my previous message was about your peers informing ME that they would travel farther than they would have before.
I generate my entire business through referals. I don't call someone who wants to travel 30 minutes and pitch thema company that is 1 1/2 hours away, because it is not a good use of my time. the only thing i have in this business, in this market, is my time. I am not going to sell a blue suit to someone who wants a brown suit...it is only common sense!
so before you go lumping in every recruiter into your generalties, take more time research your material, it will help you from looking foolish on this or any other message board.
Upside_again 12/4/2012 | 7:52:45 PM
re: Jobless Get Less Picky Kenyon - "wow" you sure impressed everyone. You think its worth the time to proof read crap
read and posted on this board? Does you mother still give nlowjobs?

LOL
captain_photon 12/4/2012 | 7:52:43 PM
re: Jobless Get Less Picky Flashhog - What type of jobs do you recruit for? Could you drop me your email address? [email protected]
Me 12/4/2012 | 7:52:41 PM
re: Jobless Get Less Picky Is there a policy on these boards where the disgusting comment in post 8 would banish someone from the board?

Upyside Down (to quote Tigger) shouldn't mind a little razzing since s/he seems to like attacking.
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