I believe it when they call it golden handcuffs. You’d be giving up an astronomically high salary for potentially long-term unemployment in a recession economy
Golden handcuffs are typically stock awards that take several years to become fully vested (so for a 5 in year vesting periods you receive 1/5 of the award per year). So quitting means leaving a big chunk of money in stocks.
I have a lot of friends stuck at Big 4 accounting firms, working 80-100 hours a week half the year and 50-60 the other half, for this exact reason. Absolutely hellish.
I believe it when they call it golden handcuffs. You’d be giving up an astronomically high salary for potentially long-term unemployment in a recession economy
I think it’s the scariest time in tech since I started my career after the 2008 recession.
Golden handcuffs are typically stock awards that take several years to become fully vested (so for a 5 in year vesting periods you receive 1/5 of the award per year). So quitting means leaving a big chunk of money in stocks.
I have a lot of friends stuck at Big 4 accounting firms, working 80-100 hours a week half the year and 50-60 the other half, for this exact reason. Absolutely hellish.