If G offers a few thousand less than current base, but way more RSU with no cliff, is it worth it to jump? How do current folks sustain paychecks if they have to supplement selling RSUs every month? What’s the tax implications as well? Initial offer 15% over current TC Base loss 7%
If you’re living paycheck to paycheck on a FAANG software engineer salary, you’re doing something very wrong. The RSUs are worth more than a few thousand in cash. And no, you shouldn’t sell them to supplement monthly income; that would be financially naive.
You know nothing about OP’s situation, so making a generalization like that is… naive.
It's naive for OP to post the without any data and nunbers. @col Panic 's comment was spot in
Selling RSU’s immediately is the same as making that money in your salary. When they first vest they are taxed like regular wages. Then when you sell them the gains are taxed based on how long you held (either short-term or long-term capital gains).
You might not have been living paycheck to paycheck so few thousand should not matter. At least you don’t have to worry that the value of RSUs may go down eventually like in case of PayPal, if you have an offer from G you should go for it.
Wont matter significantly but worked hard to get to current base
Whether you sell or not rsu tax is the same. Well unless it appreciated between vesting and selling points.
No, it’s not worth it. I took a 35% cut in my base for a higher variable and big RSU package at Google. Since I joined, stock has dropped 40% and bonuses only paid out 70%.
Why only 70 %
Because I’m in a role where we are paid commission and nobody is making their numbers.
The total pay bump for G is only 15% total TC the drop in base is 7%
Give more details OP. What is your offer from google? Level? Role? This is an anonymous forum
currently the stock price is low, isn’t it Better to ask for more stock?
I jumped Apple->Google taking a drop in base but with a big RSU package compared to Apple’s. I figure if the RSU refreshers don’t work out and I see a cliff year 3-4, I’ll still get Google on my resume and I can boomerang back to Apple or find some other high paying company.
How much less? Throw in some numbers. If the overall TC is better than what u currently making, then take it. Having Google on resume opens more doors and good for career. If its 100k less than what u currently making, then not worth it. Also you don't sell RSUs just because your future paycheck is less than current paycheck
Update on numbers
My comment still stands