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zoned_off t1_j3s38pr wrote

Reply to comment by high_roller_dude in Coinbase to slash 20% of workforce in second major round of job cuts by ChocolateTsar

So he was making 300k+ for 6 months. Let's say he is unemployed for 3 months, then lands another 200k job for the remaining 3 months.

So
$300k * 6/12 = $150k
$0 * 3/12 = $0k
$200k * 3/12 = $50k

So in this scenario, he clears 200k for the year anyway.

I doubt he got 0 severance. And he probably can find another gig in less than 3 months. I'd make the same decision as your friend tbh. High risk, high reward.

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a_bearded_man t1_j3s4dge wrote

He's going to be making money from unemployment over those 3 months from the state.

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yawetag12 t1_j3s780x wrote

If your salary is all you care about - sure.

But now there's the added stress of being unemployed, as well that new $200k job maybe not being as good as the original $200k job you had before.

Some of us care about more than the dollar value on our paycheck.

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[deleted] t1_j3sfzwj wrote

[deleted]

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Egmonks t1_j3sp7k2 wrote

We aren’t. We usually have some savings as well for those times.

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khansian t1_j3tgwrn wrote

I wouldn’t be so sure. High earners are concentrated in very expensive cities and may be saddled with lots of debt (student, mortgage, car, etc.) And unemployment insurance payments are capped.

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SimpleNovelty t1_j3tq9vk wrote

Maybe in general, but I highly doubt it for a tech worker specifically, especially one that moved on from a $200k to a $300k job.

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