I took a demotion

I always think that if you have two choice getting laid off or getting fired Getting laid off is better...assuming you are doing your job well and you did nothing wrong.

Hey I hope you're all right While the mkt is definitely in downtrend demotion would be difficult for you in long run. Let's connect over DM

Please don’t worry. I do think you made a solid call basis the situation 🙏🏼

Strong move I am assuming the personal circumstances was a big factor. Hope this pays off for you, it does take some thought process and guts to do this!

Ups and downs are part of life. Don't fret too much, this too shall pass. If you really want to get back on track, develop skillsets for it. Starting up your own business for example. Biggest asymmetric bet that you can take to increase your income drastically within 5-10 years.

My demotion happened in my designation (remained the same but many others now got the same designation this diluting mine) Compensation wise no demotion though I have time and again offered to lower my CTC and maybe give me esops for the amount that I leave off the table. Call me under confident or a cynic, but every appraisal gives me more stress, more stress that there will now be even fewer companies and roles that could afford me. Fewer exit options for me if things go south. I am privileged enough to be a DINK couple and have housing sorted. My lifestyle hasn't changed much in the last 3-4 yrs while comp has increased by 30-35%. Hence OP I hear you, and to save my job and to avoid the rut of looking for jobs elsewhere in this tardy market, taking a salary correction makes sense and something that I'd do in a heartbeat. Designation drop has some social issues, people look at you like a loser, talk behind your back, and motivation goes for a toss. That's very hard to adjust to. And like I always have maintained that, I don't believe in the whole company loyalty concept. They won't be loyal to you. But don't always be on the lookout either. Try and add as many service years you can to your job. Some smaller layoff events might not touch you if you have laid low and have spent a good amount of years at the company.

Profile?

Start looking for next job asap so that you can show your main salary slip

Didn’t know such move is an option. Things will only get better. Hang in there

Do you want to throw some numbers

Its okay bro. Shit happens in downtrends. This wont have long term impact. When the marlet goes back in uptrend, everyone would again make money like crazy. Dont overthink it. Just focus on getting a better job. 😊

Can't you take the pay cut but keep the position?

CG is hell guys

All the best man hope you get it sorted soon enough

Never read your books backwards brother ik Easy to say but hard to achieve Anyways All the Best

May i know what was ur exp and ctc before taking demotion

Wise decision considering the circumstances

If you search outside, you will have to ask for not 60%, but 250% hike