Did anyone take a pay cut for a new job offer after being laid off? I feel like we are going through a great salary recalibration.

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Laid off in 2023

Took a pay cut after 4 months of looking. Company was owned privately, so no RSU’s or espp. They didn’t “believe” in bonuses, even after setting a 10 yr high in profitability. I nailed all my KPI’s and had great reviews. Got 2 raises over 2.5 years totaling 4% (not 4% each, 4% total).

Left after 2.5 years and got a raise that was 30% higher, with RSU’s and bonuses.

The right company will still value your skills!

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