Is switching jobs a smart move right now?

I've never worked for a company that lays off people just because they are new first. Most will lay off the worthless people.

My group grew from 1 to 7 between April 2021 to January 2022.

I was the 7th and final added to the group in January.

They laid off everyone except me about 8 weeks ago.

Point is, show up and be better than the rest.

Is this new company an unprofitable tech company with an entire operation completely dependent on venture capital.

Get the offer. Find out what they think you are worth then approach your current Company to see if they think you are worth that too. Then make a decision.

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Large signing bonus and over 10% more per year on a six figure salary. People seem to be willing to pay to get good people more now than ever.

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10% for a job hop kind of sucks, honestly. At least for a white collar job.

Marketing is the first department to get the axe.

Sales is typically the last.

Trainers and managers are generally in the first half of cutbacks.

One concern may be compensation.
If you are a recent new hire brought in at a higher compensation (recruited) than the current staff, there is a chance that you could be the first to go in a department cut.

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I have been at my current job for over 5 years and have a ton of goodwill built up. Competitor has come after me hard and is in the process of making an offer, which I hope will be significantly more. My concern is that I feel very safe at my current job if there are cuts, but I will be the new guy if I leave and potentially be the first to go if there are cuts.

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Would this be a union job? Unions have been known to have seniority clauses. If not then it's likely they'll go with some form of work product and/or team-player aspect. Maybe find out for certain how they would handle layoffs first (and get it in writing).

How recession-proof is your job? In other words, how necessary is what you do to the function of the business? Are there more people doing the same job at the prospective employer than there are where you are now? For that matter, how recession-proof is your industry?

How stable is your current company vs how stable is the competitor?

Will you have to move? What will be the change in your travel habits? (to/from/for work)

If you leave on good terms, could you go back within 3-6 months (if the position is still available) if things didn't work out at the other place?

We're coming into an economic period where positions are going to be shed quite a bit. It won't shock me to see 5%+ Unemployment by October/November.

With all that said, if you're going to do it then at least try to leave on terms which are as amicable as possible, just in case.

Not union. White collar. I have been through cuts before at my current job and our group is pretty much bulletproof. Not sure about the other company. I am putting the cart before the horse right now because I am still waiting on the verbal offer.

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Seems idiotic with the current uncertainty, but do whatever you want.

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You know what's truly idiotic? Doing something you can't fricking stand.

I'm an older guy. I've tried my best to stick out the stay-at-home bullshite. Told my wife last night that I never thought I'd make it 2.5 years. I had hoped our new CEO would make some changes, but he hasn't. Our corporate HQ is here in Bham and that MFer lives in another state entirely!

There's no sense in not being happy with what you do. I'd rather be a WalMart fricking greeter then spend another day in an office by myself or at home by myself.

So, to the OP, if you are unhappy to the point it's hard to do your job and you are depressed, by all means move. If the money at the new gig is ridiculous, make the move. However, if it is only a marginal increase and you like where you are, then don't move.