I have a good salary at a failing start up, and I can’t seem to find any jobs that provide a similar salary. I love my current job, but I’m worried that the company will not be able to secure enough funding to last us 6 more months.

Should I take a pay cut (150k --> 100k) to work at a different company? Or should I wait it out for another few months at my current company?

For context, I support my SO in a HCOL area and we don’t have much savings. Trying to build that up right now…

Any advice would be appreciated. Thank you!

  • otterkins@alien.topBEnglish
    1·
    10 months ago

    In my honest opinion, it’s better to jump than be pushed out. Even if that means taking a lower pay. If you’re laid off you have less bargaining power for a higher paid salary.

    I’ve just narrowly escaped redundancy this week by taking a massive pay cut at a startup. This is the second time they’ve stripped back and laid people off this year and each time it comes as a complete surprise to those involved