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Layoffs
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DerpyUnicorn
DerpyUnicorn
PhonePe

Lowballing check

I got laid off in Jan. I was a senior product analyst at a well known startup. YoE ~4 Pay was 18L + 2L variable + ESOP After months of search I landed an offer at another smaller startup which raised Series B in sept-22 They are offering me 16+2 + ESOP after looking at my payslip and I have no other offer in hand citing economic conditions. How do I go about it? I have 1 other interview going on and few with final round results pending, but uncertain if those will get offered.

23mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SquishyQuokka
SquishyQuokka
Gojek23mo

Just Join this company, make your money. Try to get internally promoted, by the time next funding cycle comes up. Then, switch and max out.

DerpyUnicorn
DerpyUnicorn
PhonePe23mo

Thanks for the point

FuzzyNoodle
FuzzyNoodle
Stealth23mo

@salt Internally promotion is easy??? Once you entered the ecosystem nobody cares

DerpyUnicorn
DerpyUnicorn
PhonePe23mo

Forgot to mention, they told they will be able to revise salary in 6 months based on performance, by mutual trust.

ZestyQuokka
ZestyQuokka
Stealth23mo

Get it in writing. You know trust better

DerpyUnicorn
DerpyUnicorn
PhonePe23mo

That I will.

FuzzyNoodle
FuzzyNoodle
Stealth23mo

Do not join that package will dragged you to 1 year back so instead of you should spend one more month also try negotiating with 16+2 offer or tell them i am very close to offer which is 20 may be they will run away with counter offer

Hope you have sufficient money to survive and Do you have loan?

DerpyUnicorn
DerpyUnicorn
PhonePe23mo

1)I have no commitments. 2)They also asked me to send a copy of offer letter if I have any. So they know that I don't have an alternative right now

FuzzyNoodle
FuzzyNoodle
Stealth23mo

Tell them it's in process and hang them up

SleepyWalrus
SleepyWalrus
Groww23mo

Is it that Gold investment startup?

DerpyUnicorn
DerpyUnicorn
PhonePe23mo

No. Pretty small one. B2B kind

SleepyWalrus
SleepyWalrus
Groww23mo

Accept the offer but keep giving interviews. Don't stop interviewing. You never know when you hit jackpot.

Then wipe them off from your resume. Your 4 months career break can become of 6 months. It might sound morally wrong, but that's how industry works. They are also doing wrong by exploiting you of your situation.

DancingBurrito
DancingBurrito
Stealth23mo

I have taken paycut even in good markets, as the role made sense in the long term. Overtime, it worked out well. Dont think too much. 10-20% here n there wont matter in the long run.

DerpyUnicorn
DerpyUnicorn
PhonePe23mo

This helps

DerpyBurrito
DerpyBurrito
Gojek23mo

Just joined the company it's very hard to get a job during these times and it might even worst if you don't get any other offers after this.

DerpyUnicorn
DerpyUnicorn
PhonePe23mo

Right. Not denying it. I've been searching for a job for 4 months

BubblyBoba
BubblyBoba
Samsung23mo

@lee007 have interview calls also become hard to get?

ZippyMarshmallow
ZippyMarshmallow
Stealth23mo

Are you joining that Bangalore based company in Lending domain?

DerpyUnicorn
DerpyUnicorn
PhonePe23mo

No. Not in that domain

GroovyPotato
GroovyPotato
Zomato23mo

Friend was in a similar situation. What worked was when she took names of the other startups saying she has ongoing interviews at xyz, and they were ready to offer X amount. They matched that.

GigglyDonut
GigglyDonut
Stealth23mo

Negotiate atleast at your previous one

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