AlphaGrindset
AlphaGrindset

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?

12mo ago
AITookMyJob
AITookMyJob

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

AlphaGrindset
AlphaGrindset

@AITookMyJob aap kya karte ho vaise

AITookMyJob
AITookMyJob

Computer science and engineering

Baba_White_Sheep
Baba_White_Sheep

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

aeiou
aeiou

Damn. How are you doing now, in 2023

Baba_White_Sheep
Baba_White_Sheep

It was a voluntary call to join an old colleague in stating up. Reached 12 LPA after 1 year and currently 18LPA after 2 years. Current fair market compensation ~ 30L - 35L but money is not a motivating factor.

Was in a job paying 18LPA(1.1 monthly inhand) last year. Now joined a PSU, getting in hand of 70k+ quarter. Next year it'll be 1.1L inhand post, the probation period

The quality of work is way better now, and WLB is the best. There were days in my previous job wherein I came to my home post 9/10 from the office and just slept skipping dinner. Now, I get time to play Badminton for 1-2 hours and then eat n sleep post office hours

ThirdVeldt18
ThirdVeldt18

Did you have to write an exam? Or some interview just like other corporates?

300SL
300SL

What exam did you write bro? Is a bachelor's from CSE necessary to get a job in PSU?

baatli_wala
baatli_wala
Amazon12mo

Recently had an unwanted paycut at NTT Data,

I was part of a company which got acquired by NTT Data, Out of the Blues one fine day we got to know our salary had been cut of by upto 24% because of transition.

AlphaGrindset
AlphaGrindset

Oh damn That’s not very nice

What was the company called before it was acquired?

AlphaGrindset
AlphaGrindset

Apisero?

FindingHorses
FindingHorses

I was asked to take a 40 per cent pay cut because startup funds were drying i did it for 6 months now left and doing three jobs simultaneously 🤣

ByeS
ByeS
Swiggy12mo

How are you doing three jobs?

FindingHorses
FindingHorses

Outsourcing my work to others 🤣

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DarkStrait5
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ThereThere
ThereThereCred8mo

PhonePe job offer

Biz role

Is it worth taking a pay cut and join PhonePe ?

I have heard culture and people are good at PhonePe but at what price ?

AnonBC

I took a demotion

Got hints that I’ll be fired

I presented them with an option of taking a lower level position

The next lower level options top band was 40 percent less than my current pay

I took the demotion given the market and personal circum...

Top comment
user

Hey I hope you're all right While the mkt is definitely in downtrend demotion would be difficult for you in long r...