New job post layoff has failed many new hires during probation historically. Should I continue looking for new jobs?
Started a new job recently after a being laid off late last year due to a terrible market. While compensation was significantly below market, I joined this small REPE firm as I felt like I had to take whatever came up instead of awaiting the unknown.
However, after spending a few weeks here, I recently learnt that at least 1/3 of past hires failed probation and were cut after that. The feedback seems neutral for now (mix of positives and areas for improvement), but the whole thing feels highly uncertain. I thought that the role would be safer given the compensation was already below market, and I was hoping my next role to have some stability, with me getting a few deals under my belt and maybe even pocketing a bonus before looking next year. The role is also busier than I expected with a decent amount of weekend work. I am just panicking that I may fail probation and it will be tough to explain a second layoff + a much longer employment gap of 9+ months, and it will be better to leave on my own terms?
I only started to hear back from jobs like strategic finance and corporate banking which I applied in Q1 recently, and I suspect for these roles hiring were temporarily paused because of the Trump tariffs in April but have just decided to resume hiring. This roles are likely to pay slightly more than my existing job with better WLB and stability (don't think most corporate jobs fail as many people for probation). Should I just go for these interviews first, or does it look very bad to new employers to continue looking just a few weeks in? And do I have to disclose my current job and if so, how should I explain why I am looking for a new job so quickly? Thank you.
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