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?
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Got laid off in 2020 @ 18LPA. Started again in 2021 with 5LPA
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
Did you have to write an exam? Or some interview just like other corporates?
What exam did you write bro? Is a bachelor's from CSE necessary to get a job in PSU?
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.
After my first layoff, took a 10% cut to join. Quit that job in 6 months and switched over..
Hmm, layoffs are the worst
But great that you were able to bounce back quick 💪
Was working in US. $100k ctc. H1B lottery fell through. Had to come back to India. Started at 14lpa with a startup. This was back in 2018.
Shifted from hospital ops to VC in 2015. Took a 30% paycut. No regrets so far. But wouldn't multiplicative effect of salary hikes in one's career, unless one starts up.
Wouldn't deny* the
Just the once, and it was for a raidical industry / work profile change.
I did balance it out with a joining bonus that ensured my first year net was higher than the previous year.
Didn't last in the role beyond the year and didn't miss out $ wise that year.
Never again!