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high_roller_dude t1_j3rong9 wrote

I know a guy that quit his $200k job to take offer at this place for $300k+. I advised against it, but he took it. got laid off in like 6 months after he joined.

it was clear from looking at their finanaces that they were spending $$$ like drunken sailors last yr. very weak balance sheet, very weak business model. exactly type of company that can go bust in a downturn.

as a job seeker, it is on you to do proper due diligence. it is a horrible idea to jump ship from gig to gig for pay increase alone. you are bound to get burned doing that.

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zoned_off t1_j3s38pr wrote

So he was making 300k+ for 6 months. Let's say he is unemployed for 3 months, then lands another 200k job for the remaining 3 months.

So
$300k * 6/12 = $150k
$0 * 3/12 = $0k
$200k * 3/12 = $50k

So in this scenario, he clears 200k for the year anyway.

I doubt he got 0 severance. And he probably can find another gig in less than 3 months. I'd make the same decision as your friend tbh. High risk, high reward.

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a_bearded_man t1_j3s4dge wrote

He's going to be making money from unemployment over those 3 months from the state.

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yawetag12 t1_j3s780x wrote

If your salary is all you care about - sure.

But now there's the added stress of being unemployed, as well that new $200k job maybe not being as good as the original $200k job you had before.

Some of us care about more than the dollar value on our paycheck.

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[deleted] t1_j3sfzwj wrote

[deleted]

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Egmonks t1_j3sp7k2 wrote

We aren’t. We usually have some savings as well for those times.

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khansian t1_j3tgwrn wrote

I wouldn’t be so sure. High earners are concentrated in very expensive cities and may be saddled with lots of debt (student, mortgage, car, etc.) And unemployment insurance payments are capped.

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SimpleNovelty t1_j3tq9vk wrote

Maybe in general, but I highly doubt it for a tech worker specifically, especially one that moved on from a $200k to a $300k job.

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Saito1337 t1_j3rzevk wrote

Yup. I turned down a significantly better offer at Robinhood like a year back after seeing their CEO was essentially a lunatic and their business questionable at best.

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Elcactus t1_j3s9kvd wrote

That can work out for you though, because then at his NEXT job he can say he was getting 300k instead of 200, and ask for even more.

And the fact that the company went under gives him an easy out for why he left after 6 months.

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