ventox35

Sales Leader

demotion vs severance

If you've kept up with my (idiotic) journey, you'll know i've been

promoted, demoted, promoted, demoted, promoted again. our startup is a complete clown show, a circus. PT Barnum would be salivating over our act.

they offered me today:

another demotion (which i have to apply for)
12 weeks severance

i'm leaning towards option 2. but i have to negotiate the equity piece first. 40% has vested, i'm going to ask for the remaining 60% be vested, then i plan to choose option 2.

anything i should be considering that i'm not thinking about?

UPDATE:

TOOK OPTION 2. BUT NO EQUITY ACCELERATION :(

IM FREEEEEEEEEEEEEEEE!!!!!

📉 Equity

☂️ Layoffs

17 comments

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BTQ

Politicker

Account Manager

Snip snap snip snap! Damn get out of the clown car and take that 12 week sevvy.

Not sure how to negotiate the equity piece tho

RandyLahey

Politicker

Account Executive

DO YOU HAVE ANY IDEA THE TOLL 3 REVERSE VASECTOMIES HAS ON A MAN?

poweredbycaffeine

WR Lieutenant

☕️

Option 2 allllll day.

What else is there to consider other than if they won’t accelerate your vesting. Will you still walk if that happens?

ventox35

Politicker

Sales Leader

good point..nothing really to consider if it doesn't vest. i do have some threats i could make if they refuse to accelerate the vesting. but yea option 2 is almost the biggest no brainer ever

Kosta_Konfucius

Politicker

ERP Sales

smart point, anything else with 401k match not vesting? I would lean towards option 2 no matter what, just want to cover everything

HVACexpert

Politicker

sales engineer

Take that money and RUN

ventox35

Politicker

Sales Leader

lol, 401k match. we aint got that perk pal

detectivegibbles

Politicker

Sales Director

Your equity isn't guaranteed to begin with.

Take the 12 weeks. That's music to my ears. I'm surprised they even offered that.

CuriousFox

WR Officer

🦊

Stunned actually.

Sunbunny31

Arsonist

Sr Sales Executive 🐰

Glad they offered you an exit - and at least 40% of an equity package that is no sure thing is a good thing as well. I don't know how you negotiate more, but at this point, maybe they're idiot enough to let the rest vest for you.

Best of luck in your paid job search!

countingmyinterest

Politicker

Account Executive

12 week severance. Take it and gtfo. A demotion is not worth it.

RandyLahey

Politicker

Account Executive

Get that severance dawg! Amazing offer. Take it and GTFO of that clownshow.

Fenderbaum

Politicker

Retired Choirboy🪕

Take Option 2 before it turns into a worse Option 3 or 4... best wishes on your job search!

Justatitle

Big Shot

Account Executive

Yeah, option 2, with the sound of it IDK if the equity is something to stress about

Diablo

Politicker

Sr. AE

Wow that’s such an up-down moment. Option 2 because I would be done with the surprises and rather start something fresh. 12 weeks is a good time to rest and pick a new role.

Maximas

Tycoon

Senior Sales Executive

Get the heck outta there and go for option 2 absolutely.
Just a question bud if you may allow me asking, why didn't you consider leaving starting from the first or the second demotion max!!!

FoodForSales

Politicker

If you like uncertainty...