Help me give up my cushy dead end job

[Anonymous]

You should quit; I would work your cushy job for $250k

SMH

[Anonymous]

So because you are worried you ought lose your current cushy job, you want to leave it early? What?

[Anonymous]

Not OP but I had 120k unvested RSUs in prior job that I would get as long as not fired. And even if fired I would get some severance.

My new job gave no signing bonus and 90 day probation I can be let go no reason with no severance.

So yea switching is risky

[Anonymous]

So OP earns $280k

Let’s say she has $500k in vested RSUs.

Are you going to new jobs asking for $360k salary AND a $500k or whatever signing bonus?

Or instead just asking for a higher salary, like $485k and assuming your high salary would match the vesting of your RSU (in this case 4 years).

Curious how this type of negotiation goes down; I’ve never had RSU and always just negotiated on salary, so interesting to have this anchor holding you to old job.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have a really cushy job in a big name company for the past 2 years now. Almost zero weekend/night work, occasional early morning, hybrid-- 3 days in office alternating with 2 days every other week. Pay is decent. I have no direct reports. It works really well for me because I have three kids in elementary. I thought I hit the jackpot. Until layoffs came last year and my team is slashed to half. I am now doing the work of two people, but I can handle it because I am very efficient now. Because I got scared with the lay offs, I started applying. I was surprised that I wasnt getting any interviews at all from places/roles that I would have gotten so easily two years ago. I reflected a lot and I worry I am getting too old, too expensive (I have a stock buy out), and Im not really demonstrating any major wins at this current job. It's more of a reactive role.
My problem is almost all my coworkers are approaching retirement, or just waiting to retire. I have 20 years to go easily. I realized this when I got a comment during a networking event about, "Geez, what are you doing in that team? I thought you had to be dead to be there". Am I shooting myself by staying in this cushy job?!

Any stories out there?

Are layoffs over? How was severance?

Lay offs over for now and yeah I survived. I guess I am weighing the risks of staying and being stagnant vs trying out another company. I have a lot of RSUs and yes, the next company would have to make me whole for it to make sense. I just see alot of my older coworkers who are stuck and Im not so sure they will be hireable if they were to be let go.

It is a cushy job to me because I know it so well already. It is very boring, not BS, but I dont know many people who would be willing to do it other than people who cant get better roles. Think of quality control, where people can just sign off on things because it is so boring but it is a VERY BIG DEAL of shit hits the fan. I am scared of the demands of the more go getter high visibility roles, especially travel. BUT I am MORE SCARED of not being employable. I see some roles replaced by almost 20% cheaper employees, so I just dont want to be a sitting duck waiting for the wave that downs me. I know it sounds paranoid, hence I am knocking on dcum universe

[Anonymous]

Anonymous wrote:So OP earns $280k

Let’s say she has $500k in vested RSUs.

Are you going to new jobs asking for $360k salary AND a $500k or whatever signing bonus?

Or instead just asking for a higher salary, like $485k and assuming your high salary would match the vesting of your RSU (in this case 4 years).

Curious how this type of negotiation goes down; I’ve never had RSU and always just negotiated on salary, so interesting to have this anchor holding you to old job.

I’m a NP but I’ve been in the position of considering switching jobs with significant unvested RSUs. First off, OP isn’t talked about vested RSUs. Those are hers to sell or hold as she wants. The issue would be the unvested ones, which she would lose the right to if she leaves voluntarily.

When I was considering moving to a new role at another large company that also offered RSUs as part of its standard package for my level, the recruiter asked me in advance for data on my current number of unvested RSUs in creating the comp package. The new company aimed to show that I could get a significant number of new RSUs (but not the same dollar amount) on signing at the new company to try to make me whole for the unvested RSUs I was giving up. Of course, I’d have to start over with a new vesting period and wait longer for them to actually vest, but that’s the type of package someone might see in this situation.

In my case, I decided it wasn’t worth it to switch.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have a really cushy job in a big name company for the past 2 years now. Almost zero weekend/night work, occasional early morning, hybrid-- 3 days in office alternating with 2 days every other week. Pay is decent. I have no direct reports. It works really well for me because I have three kids in elementary. I thought I hit the jackpot. Until layoffs came last year and my team is slashed to half. I am now doing the work of two people, but I can handle it because I am very efficient now. Because I got scared with the lay offs, I started applying. I was surprised that I wasnt getting any interviews at all from places/roles that I would have gotten so easily two years ago. I reflected a lot and I worry I am getting too old, too expensive (I have a stock buy out), and Im not really demonstrating any major wins at this current job. It's more of a reactive role.
My problem is almost all my coworkers are approaching retirement, or just waiting to retire. I have 20 years to go easily. I realized this when I got a comment during a networking event about, "Geez, what are you doing in that team? I thought you had to be dead to be there". Am I shooting myself by staying in this cushy job?!

Any stories out there?

Are layoffs over? How was severance?

Lay offs over for now and yeah I survived. I guess I am weighing the risks of staying and being stagnant vs trying out another company. I have a lot of RSUs and yes, the next company would have to make me whole for it to make sense. I just see alot of my older coworkers who are stuck and Im not so sure they will be hireable if they were to be let go.

It is a cushy job to me because I know it so well already. It is very boring, not BS, but I dont know many people who would be willing to do it other than people who cant get better roles. Think of quality control, where people can just sign off on things because it is so boring but it is a VERY BIG DEAL of shit hits the fan. I am scared of the demands of the more go getter high visibility roles, especially travel. BUT I am MORE SCARED of not being employable. I see some roles replaced by almost 20% cheaper employees, so I just dont want to be a sitting duck waiting for the wave that downs me. I know it sounds paranoid, hence I am knocking on dcum universe

Please : https://how-i-met-your-mother.fandom.com/wiki/Provide_Legal_Exculpation_and_Sign_Everything

[Anonymous]

stay. Seems like u r going to move forward given the team's age.

[Anonymous]

Anonymous wrote:stay. Seems like u r going to move forward given the team's age.

there is no forward, it will be to stay. And Im not so sure I trust the company will keep me for how ever many more years... In another line, I know someone who stayed 20 years thinking she would be the next VP and guess what, they brought someone in from external

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have a really cushy job in a big name company for the past 2 years now. Almost zero weekend/night work, occasional early morning, hybrid-- 3 days in office alternating with 2 days every other week. Pay is decent. I have no direct reports. It works really well for me because I have three kids in elementary. I thought I hit the jackpot. Until layoffs came last year and my team is slashed to half. I am now doing the work of two people, but I can handle it because I am very efficient now. Because I got scared with the lay offs, I started applying. I was surprised that I wasnt getting any interviews at all from places/roles that I would have gotten so easily two years ago. I reflected a lot and I worry I am getting too old, too expensive (I have a stock buy out), and Im not really demonstrating any major wins at this current job. It's more of a reactive role.
My problem is almost all my coworkers are approaching retirement, or just waiting to retire. I have 20 years to go easily. I realized this when I got a comment during a networking event about, "Geez, what are you doing in that team? I thought you had to be dead to be there". Am I shooting myself by staying in this cushy job?!

Any stories out there?

Are layoffs over? How was severance?

Lay offs over for now and yeah I survived. I guess I am weighing the risks of staying and being stagnant vs trying out another company. I have a lot of RSUs and yes, the next company would have to make me whole for it to make sense. I just see alot of my older coworkers who are stuck and Im not so sure they will be hireable if they were to be let go.

It is a cushy job to me because I know it so well already. It is very boring, not BS, but I dont know many people who would be willing to do it other than people who cant get better roles. Think of quality control, where people can just sign off on things because it is so boring but it is a VERY BIG DEAL of shit hits the fan. I am scared of the demands of the more go getter high visibility roles, especially travel. BUT I am MORE SCARED of not being employable. I see some roles replaced by almost 20% cheaper employees, so I just dont want to be a sitting duck waiting for the wave that downs me. I know it sounds paranoid, hence I am knocking on dcum universe

Please : https://how-i-met-your-mother.fandom.com/wiki/Provide_Legal_Exculpation_and_Sign_Everything

I did not know this reference! Very cool! (Were not doing anything illegal that I know of)

[Anonymous]

You can swap unvested stock old company for unvested stock new company but even that is a risk.

My old start up we hired a guy with like 200K unvested RSUs and HR gave him 240K unvested RSUs in our company on a 4 year cliff vest of $60K a year for four years. They also told him annual bonus was 50K RSUs. And he got a ten percent raise.

Well my firm laid him off in month ten. He got zero of his sign-on and no annual bonus. So he was out 200K prior company RSUs and lost an annual bonus. He got four weeks severance.

Lots of Tech and Start ups sign on RSUs are one one year cliffs over four years so let go before one you get zero.

My old place annual bonus was a two year cliff. 50 percent right away and 25% next two years. Pretty much if canned or quit prior two year point you leave a lot on the table.

On a side note I find RSUs like this discriminatory. My prior job you start and a kick butt worker at 63 your sign on does not vest to 67. Then your first bonus is 64 that does not vest till 66. And they on purpose give lower bonuses first year or two and then if a rock star in year 3 they will give you a really good bonus or promote but that is in RSUs that vest over two years. By then you are 68. And then if pre-IPO you have to wait till a liquidity event which could be another 3-5 years. A 24 year old it is great. But a 64 year old it is a joke

[Anonymous]

I agree with previous poster. Be careful what you wish for. Having a cushy job is not a bad thing with small kids esp. if salary is decent too. You may regret decision and be miserable. Most people would kill for that situation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:stay. Seems like u r going to move forward given the team's age.

there is no forward, it will be to stay. And Im not so sure I trust the company will keep me for how ever many more years... In another line, I know someone who stayed 20 years thinking she would be the next VP and guess what, they brought someone in from external

interesting. Well, I have a cushy job too but I love it and don't read boring contracts all day (or compliance documents or numbers, whatever you do). Good luck. Hug the kids, take a deep breath and then think about this. I regret having non-cushy jobs during their ES years.

[Anonymous]

Anonymous wrote:Older/younger people can do my job for a cheaper amount of money. I make 280K.

Darn, that’s a high salary

[Anonymous]

Stay but make sure you are adding significant value that will build your resume.