Retention-against-Resignation-at-Paypal[India]

PayPal / Data
moneythief

Go to company page PayPal Data

moneythief
Nov 22, 2021 22 Comments

Hi,
I am a T23(software engineer 2) in India , due to average pay(compared to industry) as well as tech and team... I decided to resign from Paypal within 8 months , after I informed my manager he said he will speak to HR as he cannot let me go at this point of time ,taking down the details he said now HR will contact me for negotiations ,
I think retention will be a huge mistake from my side...as already the trust has been breached..
Update--
Now the update is my manager today says we can increase comp% current at 87% to 110% while he described the offer as 190%.
He says he will have to get me promoted within 1-2 years for the same

What should I do , any suggestions are welcome, I asked for 1 more day
#paypal #amazon #oracle #nutanix #retention

YOE- 2.5
Current TC- 17 base, 1.7 Bonus, 5 Lac stock per year
Offer in Hand-> 1) 30 base ,2.5 lac JB first year and second year , 14Lac stock per year --OCI MTS(IC-2)
2) 24 base,2.5 lac JB first year and second year , 13 lac stock per year - Nutanix - MTS-3
3) 20 base, 6lac bonuns first year ,5 lac 2nd year,8 RSUs with vesting schedule(5% - 15% - 40% -40%) stocks - Amazon SDE-1
Offers from - Amazon,OCI,Nutanix...

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TOP 22 Comments
  • New
    hfc43jv87

    New

    hfc43jv87
    The retention offer is a joke. You will be made to train your replacement and then fired promptly

    Take your new offer and jump asap.
    Nov 22, 2021 0
  • Cisco / Eng
    swampash

    Go to company page Cisco Eng

    swampash
    Take the new job. You're getting paid a lot more.
    Nov 22, 2021 1
  • Like you said, staying back after telling them you are planning to leave is a very bad idea - do not do that. On top of that they can't match your offer so it does not make sense
    Nov 22, 2021 5
    • PayPal / Data
      moneythief

      Go to company page PayPal Data

      moneythief
      OP
      My manager today has given a list of 10-15 pts which he expects me to complete before going, when I said its not possible to complete the same in the stipulated time he says , I need to have evidence in front of HR that I have completed the assigned backlog , If I fail to do so he might extend my notice
      Nov 23, 2021
    • Sounds like your manager is really shitty. There is no way that they can force you to stay by extending your notice period.

      Just drop an email to him with HR cced and mention the list of tasks and that you cannot complete them before your last date. Any further negotiation and agreements should be mentioned in email so that you have a record to show to HR in case of disputes.
      Nov 23, 2021
  • Go to Nutanix, it's a decent brand name, good comp, possibly good work.

    OCI is better in comp but Oracle isn't a good brand, and possibly has lot of operational work load.

    Just ask around for the operational load/oncall etc. in the team you plan on joining.
    Nov 22, 2021 4
  • Walmart / Eng
    dUVS58

    Go to company page Walmart Eng

    PRE
    Cisco, Hewlett Packard Enterprise
    dUVS58
    Go with Amazon or Nutanix based on which of them have interesting work set for you
    Nov 22, 2021 1