Have some offers from companies like, Affirm, Twilio, Peleton, Roku for significantly more TC than I currently make (largely because of goog stock drop and cliff coming up), titles are Sr. Staff/Principal, etc Is this the pivotal moment jump ship to these companies and hope they'll 10X in the next few years, or is it more of a terrible idea and I'll probably just get laid off before I know it. 8.5 yoe, 395k tc, 1 kid, no visa, wife tc: 235K #tech #affirm #peleton #career #twilio #twlo #layoffs #roku
If you had no kids, I’d say you can consider it. But otherwise nope. Not worth the stress.
Yeah we're fortunately not too overlevaraged expense wise, but I do agree it's a big factor...
Peleton !!? Really?
Yeah - was surprised by their offer
What surprises ? The spelling or the fact that the company still exists.
Don’t join twilio! I repeat
Why? Isn’t the current stock price a great point to get stock grants ?
Base is close to $300K which is nice, but i'd be leveraging so much of my future income into a stock that dropped 35% in one day...kind of crazy. The upside potential could be really good though. Have heard good things about Twilio pre 2022
Do it. You are getting stock at discount once things bounce back your TC will sky rocket. Worst you called out. You worked at G there won’t be problem getting job
I'd be competing against Stripe, Twitter, Lyft, and possibly Meta engineers - might be tougher than expected
So what it’s going to be tougher not impossible. Look at the bright side, if you don’t get let go which is most likely because most of the companies already downsized. You can financially make a lot. Can these companies do 5x in next 5 years likely. Can G ? Unlikely. If you have savings for 12 months which I guess you should have.
U can actually FIRE if it works
Exactly. You think its worth the risk?
Depends on what u think of economy, will recession last 1 year or 10 year. Hard to say
Do you believe any of these companies can go 10x? I don’t know anything about Affirm. Twilio maybe. But why on earth would Peloton or Roku go 10x from here? If you believe in one of them go. But don’t go just because “who knows, crazy things happen”.
Even without the 10X chance these companies are just paying a lot more than I currently make. I am just a bit apprehensive from the layoff risk. Also the title and scope bump may help for later career moves.
Your combined income is over 600. What else do you want?
Cliff coming up, more TC would always be nice of course
google = safety I am actually looking to join google but not getting interview calls
@op Did you negotiate for the Sr principal or they just select you for Sr Principal
Did you end up joining?
Not yet , my existing company trying to retain me with a salary bump and a level up in position. So waiting for the for the final letter from the current company if things go well then I might stay back . By the way my joining is next week . Also there is a say that a known devil is better than an unknown angel .
Good time to jump to public companies with low stock price. Bad time to jump to startup with outdated valuation
These are all public, so sounds like a good move?
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It’s actually a very good time to join. Only after major layoff. This should be ur fourth option OP
Many company nowadays have had several rounds of layoffs
Ganpat your wife is also having good tc why worry. And moreover why you need to stress more money at this point … spend time With your kid. geez people these days