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I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?
I gave interview in Amazon and cleared all the rounds , then went on hold and still on hold due to hiring freeze in that departement. HR does respond and update me when reached out.
Interesting thing which happened here is iam cracking each every product based interviews now after my tough preparation for Amazon and getting higher packages than what Amazon would give. So whatever happens , happens for good. Cheers Amazon
Don't be sad that you couldn't get through a FAANG 🤙
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10/06 Thread (BC):
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How much are we talking here? Kind of tough after already accepting the offer. But of course, always look out for yourself when it comes to comp.
Congrats OP. I don’t think there is a wrong answer here. For me, I would consider renegotiating if the offer is from a large company. No real harm done to your relationships honestly. People have short memories. If joining a smaller more intimate organization, then I’d preserve my brand/reputation.
Coach
I've had this situation before where I accepted a new offer and then my current company came back and matched. Then the new company offered me even more. I ended up staying with my current company and regretted it. The second time this happened I had two different offers and still accepted the lower one with Deloitte. However, I did tell the recruiter at Deloitte that the other company increased the offer when I told them that I was going to accept Deloitte's offer. Deloitte didn't increase the base but they did give me a higher signing bonus. I don't regret the decision and the difference was only $5,000 base. Now I'm making more money somewhere else anyway.
OP - Assuming you’re still excited about the new firm and role (TC notwithstanding), I’d leave if I were in your position.
1. Post tax difference is non material
2. Goes to show PwC was massively undervaluing you
3. PwC now knows you could be a flight risk in the future too.
So I’d take the new role and not look back.
All the best!
After 3 years of no bonus, no promotion and one paltry salary 1% salary increase, I quit PWC and then a partner came begin for me not to leave because the client was very happy with me. who's getting screwed now, Stewie?
Once you put in your notice formally dont stay. Pwc might give u more money now but next cycle they will make sure you dont get much increase plus you’ll be flagged anyway. Exiting to FAANG seems exciting, like others are saying 20k is not worth going back on your word
Mentor
Thanks. Good points.
Mentor
I’d stay at PwC
Bc he's at kpmg
Was in this same situation a few months ago. As you can see, I didn’t take the counter
Coach
Take the new role and don’t counter. You lost leverage with the new company when you signed your offer letter and if you try to negotiate after signing they may rescind it. If you don’t care about losing the offer, then I guess it’s worth a try.
Stay at PWC, use the promo for a better exit in a year.
If you’re not aiming for partner and love consulting….take the FAANG and leave
If its FAANG, I will not think twice.
Coach
Disagree. The next few years are going to be rough for FAANG as interest rates rise. Growth stocks are about to get crushed.
Yeah, actual numbers might be helpful - how much is the current comp, New offer TC (base + anything broken out), and the counter offer from PwC
Mentor
See my reply above
Coach
Are you joining another consulting firm, or industry? Guidance will vary depending.
Agree, take the FAANG Sr Product Manager position and don’t look back.
What’s the PwC promo they offered? You’re SM and they’ll make you director in Jan?
A1 - Amazon uses stocks to pay people. If stock market does a 20% correction, they will be forced to pay people cash because stock is not infinite and will worth less. It will start hurting the bottom lines. I’d expect hiring freezes or layoff across all tech companies if this happens.
Moving to tech is a good move. Pls don't stick to consulting. Your future rsus will thank you