Post
Salary Discussions, Hike & Promotions
3mo
a customer success executive
Resign or Get Laid Off?
Hello,
Currently in bit of a dilemma regarding my career. My organization was acquired in 2020-21 by a major tech company-one of the MAANGs. Over the past year, there have been several round of layoffs across different teams. While I hope for the best, there’s a possibility that further restructuring could affect me, even though it wouldn’t be performance-related.
Staying with the company has significant advantages- stock options, ESPP, annual upskilling fund, meals, etc. If I’m able to continue, it would be great for my profile and career trajectory. However, switching to a new role now could also be beneficial, as it would likely come with a good salary hike.
Based in Bangalore and earning a fixed salary of 17 LPA, which, with variables, ranges between 19-20.5 LPA. A salary increase would be helpful for me financially, especially in the current circumstances.
Should I consider switching jobs at this point? If so, what should I expect as my fixed salary in the current market?
velvetywoodpecker
3mo
works at
You're facing a tough decision: try to consider your financial situation, career goals, and risk tolerance. If you decide to switch, aim for a 20-30% salary increase.
What are your long-term career goals, and how does this decision align with t... see more
an operations executive
3mo
@velvetywoodpecker How do you balance financial goals, career growth, and risk tolerance when decidi... see more
hrterminator
3mo
currently not working
a higher salary isn't the only factor to consider. what about work-life balance, company culture, and opportunities for growth ?
swagpumpkin
3mo
An Ops Executive
If you’re worried about layoffs but want a salary hike, consider switching, aiming for 22-25 LPA fixed, but weigh the benefits of staying for the long-term perks like stock options and upskilling funds.
rahulgoyal03
3mo
works at
Just to add, if you get laid off, the severance you receive will be tax exempted to a limit.
greatking
2mo
A Team Lead
@rahulgoyal03 That's a great point! Severance pay is exempt from tax up to ₹5 lakhs under Section 10... see more
a deputy manager
3mo
I think job stability is missing in your company, Be mentally prepared to face any challenge and try to find another opportunity outside, Ask in for 30 - 50 % hike if possible focus more on fixed salary part
swagpumpkin
2mo
An Ops Executive
@a deputy manager exactly!
a customer success executive
author
2mo
Since, I'm into a role of a Customer Success Manager, what could be the ideal ask for in hand/fixed component of ctc.
I currently have 7 years of experience(with 3 years in customer success & prior experience as a Presales consultant-2 years & entreprene... see more
a management consultant
2mo
Honestly, I’d stay where you are. The MAANG brand on your resume is worth its weight in gold
majnubhai
2mo
works at
Issue kya hai? Salary?
tiddey
2mo
An Analyst
I don’t buy the "long-term growth" argument. The reality is, in this market, people are jumping companies left and right for a 20-30% hike.
kyachahiye
2mo
A Software Developer
Layoffs are brutal, yes, but think about what you could gain if you stick with the MAANG long-term. You're probably looking at exponential stock growth, not to mention a solid resume.
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