Is it a bad idea to switch to product based company if my only aspiration is onsite

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If onsite is your only aspiration, then check for companies based in other countries offering visa sponsorship.

helpful

I would say product based companies are best in all terms, fixed tech stack, good hikes, reasonable promotions, long term job security and above all you get a lot of knowledge related to business, technologies, team management skills

Now a days pay is similar for both service and product based companies
But I agree WLb is not there in services companies

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