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> However, they recently announced that the July 1 salary review that everyone was promised will be deferred. The company is obviously facing a cash crunch, bu
by bspn 9y ago
> However, they recently announced that the July 1 salary review that everyone was promised will be deferred.
The company is obviously facing a cash crunch, but to me this is the key bit and why I would start shopping my resume if I were in your shoes. Management will have known about the cash crunch or should at least have anticipated it was a possibility for a while now, and should not have set expectations that they were unlikely to meet. The rest of the actions look like prudent cost-cutting measures, but if you can't trust that management will honor their promises today what guarantees do you have that they will do so in the future?
As a non-founder (i.e. very low equity upside), it's not for you to make compromises to keep their high-upside baby alive. Put your own interests first and find an employer that doesn't require you to subsidize their growth.
Also, if I had a dollar for every time a founder has told me that funding is coming in "months, if not weeks" .... well, you can guess the rest.
- confluence 9y agoKey aspect of becoming a manager is making promises you may or may not keep. They cost you nothing, and when they come due it's the employees who suffer.
- tedmiston 9y agoA good manager manages expectations when reality changes.
- confluence 9y agoA great manager doesn't make promises he can't keep.
- flyinglizard 9y agoSometimes, a great manager needs to speculate and do things at uncertainty and risk, while motivating their subordinates. They are clearly working to save the company in OPs case.
- confluence 9y agoAh yes, with a late June notification. Maybe communicate earlier hmmm? That would be better management rather than hold my beer I'll probably close this round while I risk the livelihoods and futures of my rank and file.
- tedmiston 9y agoBut alas, communicating earlier is when things have the most uncertainty. I have had great managers that set expectations around how much uncertainty and change is built-in to what they're communicating, but in general, the earlier they share something, the more likely it is to not be certain yet, still it's often useful information to have. (I'm only speaking in general, not specific to this situation.)
- hashkb 9y ago...to employees who will actually quit. Ethical managers never do it, great managers (measured from above of course) always do, strategically.
- a3n 9y agoBut are the people in question really managers, or just harvesters of stock options?