I started working for a big corporation about six months ago. Turns out a few months before I started there was a new CTO hired from a startup. This CTO has been on a hiring spree and basically hired all of the technical staff of the startup he came from (to the point that they’re suing the company I work for).
All these people from the startup have their own office, away from all the corporate offices. And they’re writing something (that they won’t reveal) in what they refer to as their bunker. The best we can gather is that they’re coming up with modern equivalents of all the backend services. This would mean that everything the devs do in the office I work in will be redundant.
I have the feeling that within a year or so (maybe less) there’ll be mass layoffs of all the existing devs. Am I being paranoid?
Assuming that your company has a profitable business, and you are working on the part brings in the revenue that pays the bills, you’ll keep that as long as your company is interested in keeping that business. Your CTO is burning money (and fast!), maybe they’ve picked that habit up in a zero-interest environment, but well interest rates aren’t zero anymore, so I’d be more worried if I were part of the secret internal startup.