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I don't get a chance to read many comments that cost $40k to make. Thanks.
by bhaney 4y ago
I don't get a chance to read many comments that cost $40k to make. Thanks.
- darth_avocado 4y ago$40k is two months pay probably. Edit: To be clear I didn’t say this to shame the OP. I said this to highlight that the company didn’t offer up much. I say this because I have been in a similar position in the past where their “generous” offer was two months severance (same ballpark) which imo was insulting. Didn’t sign it either and told them to F off.
- nightski 4y agoI would of taken it and given it to a charity. Instead we get a silly HN comment.
- wpietri 4y agoEasy to say, but forgive me if I'm skeptical. That's an option I definitely considered, even discussed. But for reasons I mentioned elsewhere I decided to not sign, and have instead since mainly worked for non-for-profits at lower rates. So if we can count the salary difference as giving to charity, I've already given far more than that.
- avg_dev 4y agoIt’s hard to have integrity when you are hurting for money. I am glad the poster was doing okay and was able to stand up for what they believed in
- kwertyoowiyop 4y agoHow many month’s salary would the writer need to have lost before you unlock some praise?
- version_five 4y agoI'd look at it a little differently. The 40k puts him on the hook for something. He (or someone who signs sn agreement like that) is in a position where something he says could be construed as violating the agreement and he could get taken to court, even if he's in the right. No agreement, nothing to worry about. Why take an immaterial amount of money to be personally liable for something. Getting to tell the story is a minor perk
- formerly_proven 4y ago> Why take an immaterial amount of money k
- munk-a 4y agoI think this somewhat speaks to the pay gap present on this platform. From my position I'd happily accept a 40k payout if you wanted to contract me to never say the word "are" for two years. It's all a balance - if you have 20million sitting in the bank then 40k sounds like nothing, but 40k is a lot of money to most people - enough that they'd be happy to agree to some terms that won't significantly affect their lives just to take home the cash and get, lets say, two months of vacation budgeting (a conservative estimate) to enjoy. 40k is a lot of money.
- corobo 4y agoYeah 40k would instantly solve all my immediate problems and set me on a path for life haha One day I hope to see giving up 40 grand as a viable option
- WalterBright 4y agoI'd miss: 1. International Speak Like a Pirate Day. 2. Passing by John Cook without an R-R-R-R me hearties!
- doctor_eval 4y agoMaybe you could have an accent. Ahhh me mateys !
- burnished 4y agoSo two months, assuming 40 hour work week, ends up being a comment with 320 hours of integrity behind it. Still very impressive, thanks for bringing it to the time domain.
- saiya-jin 4y agoDid you skip basic math classes? Or your parents still pay all your expenses? Even with 20k bring home salary (which means you have been around a bit, possibly having family, mortgage, other investments, have hobbies that are a bit above just breathing air costs, teavel etc) you are saving just a fraction of that. For some the fraction is really tiny, for some a bit bigger. 40k (just raw amount, untaxed) can be a year's worth of actual savings easily, even with good job. Kudos to OP, bits like this keep my faith in humanity.
- rhacker 4y agoyeah that's what I was thinking. If 40k landed in my lap, my current income and burn rate being what it is, I would easily finish all my walls on my house and roof.
- darth_avocado 4y agoAssuming 40k is worth two months salary, the actual amount you'd end up getting will be closer to 20 something. It's all about perspective. 20k is a lot for someone making 100k/year or less. 20k is not a lot for someone who works for Big Tech and pulls in a lot more.
- fakethenews2022 4y agoIt is common practice for companies to offer this if they have something to hide.
- htrp 4y agoits common practice in general to offer anywhere between 2-4 months for redundancies, the non-disparagment clauses are tacked on to make sure you can't grind an axe with your now ex-employer
- fakethenews2022 4y agoYou limited it to redundancies. I didn't. I have seen it tried in a situation where a manager called an employee a racial slur. The employee sued and the company settled. Too bad for the company the employee had an email where the racial slur was used. You may not hear about it because it is kept hush hush in Silicon Valley. Something similar happened to me. A manager said that a certain gender wasn't liked around here. When they laid me off, they gave me an unusually generous package and asked for a signature.
- ska 4y agoIt is pretty common practice for companies to offer this for layoffs, period. The discussion can start from the point of view of wanting the laid off employees to have a soft landing, and the lawyers push for especially non-disparagement and tightening up NDA.
- fakethenews2022 4y agoI didn't limit it to layoffs. You did.
- ska 4y agoFair enough, but it is also standard practice in any settlement.
- junon 4y agoBro where are you working where the typical engineer is making 20k a month?
- kortilla 4y agoMost larger SV tech companies pay senior+ engineers that between RSUs and cash. FAANG pays that to new grads. (500k stock over 4 years and 140k salary is pretty standard).
- junon 4y agoYou are not receiving 40k a month liquid cash. That is my point. RSUs have a very, very long time before that worth is liquid. That was more my point.
- qqtt 4y agoMany companies vest those RSUs monthly or at least quarterly, and for public companies employees can sell right away. This is a very common paradigm, and in fact financial advisors would frequently recommend employees sell all shares at vest to diversify. I've worked at places also where 105b-1 plans were generally available (sell all shares at vest even outside trading windows), in which case employees were absolutely receiving 40k+ liquid cash a month. Many senior engineers were receiving substantial more than that.
- seattle_spring 4y agoThe last 3 companies I worked RSUs vested either quarterly or monthly and were then immediately liquid.
- __turbobrew__ 4y agoSome companies vest quarterly with no cliff, so you are going to vest within 3 months of starting.
- bagels 4y agoBefore the stock declines, an experienced engineer could get offers for 40k a month before taxes. I didn't believe it till I tried. It's real. Amazon frontloads in cash, Facebook has 3 month vesting.
- psychoslave 4y agoThis always reads so unreal to me to hear about such a high pay. I mean, I just joined joined a new job two months ago in a full remote position for 50k Eur/year, working in France. It's already almost 10k more than my previous job. I read that the median annual wage in 2021 in the US was $45,760. In France, it was 22,184 euros in 2018. So I guess, $40k is a joke for some, but would make a large difference for most people out there.
- tomcam 4y agoAgreed. That is a power move par excellence.