WigglyDonut
WigglyDonut

2 years back, I voluntarily took a pay cut from 60L/year to 25L to chase my startup dream. Did it work out? No. Was it worth it? Debatable. Will I have regrets later in life? Not a chance.

For anyone stepping into the world of building, just be okay with the above. It'll be true, no matter how much you fall.

8mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SparklyBiscuit
SparklyBiscuit

Give us more details about your journey Shirley

WigglyDonut
WigglyDonut

Yes. Was in a strategy role at a startup that paid quite well. Working hours were quite intense, and I had the ache. Had friends from a previous job and we left our jobs to work on the idea. Idea was to execute 0 to 1 and then raise seed funding, because we had decent savings to not raise a less than $2Mn round (pre seed)

Executed operationally for 9-10 months but it wasn't working. Did not have a pivot in mind. The logical conclusion was get back to the grind.

Haven't gotten back to my old salary yet, it's like falling down a couple of stairs, but okay :)

SparklyBiscuit
SparklyBiscuit

What were your feelings at the time when you took the pay cut? Do you think the scenario would be different if you had gone full-time with your startup?

SleepyRaccoon
SleepyRaccoon

Wait you took 25L during 0 to 1? What's there to regret then?

PrancingPotato
PrancingPotato

What were your key learnings?

ZestyDonut
ZestyDonut

Long time no see @CallMeShirley

PerkySushi
PerkySushi

Why the hell would a startup need a strategy c suite member 😑

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by CosmicUnicornManagement Consulting

To startup or not

I am from a Tier 1 engineering college. Have done multiple stints in education and ed tech and am now at a VP position at a mid size edu company. Earning 50 LPA post 8 years of Work Ex. I can keep going at this rate and will have a comfo...

Office Gossip
by WigglyBananaCorporate Strategist

Have you ever taken a pay cut for a job? Share your reasons 💵

Looking forward to some nice stories from the community. Some positive, some not so positive - what made you take a pay cut?

Top comments
user

I take a pay cut every year due to inflation. Involuntarily, of course.

user

Was in a job paying 18LPA(1.1 monthly inhand) last year. Now joined a PSU, getting in hand of 70k+ quarter. Next ye...

user

Got laid off in 2020 @ 18LPA. Started again in 2021 with 5LPA