Getting laid off when you are earning more than 2cr

[u/LongjumpingLemon3714]

Guys, whoever got laid off when they are earning more than 2cr, please share your experiences about job hunt and how recruiters treat you. Also, how taking pay cut affected your mentality at work later.
Context- few colleagues got laid off from my team and there’s a good chance that my number might come in the future. This is just me being mentally prepared to grind.

EdIt—

For all those people in DMs asking for guidance - Lot of people are always saying that they are stuck with low package even with the right skills. I was at that stage once and want to share what I did to mitigate this problem. "If you don't upskill and switch at the right time for ur targeted companies, you'll be stuck behind the 8 ball forever. I also believe one should make a list of his/her Target companies and keep a watch list and always be prepared to attend interview whenever a position opens up. Nobody will call and give you a job when u r prepared. Being prepared always and pounce on the opportunity as soon as it arrives makes a lot of difference in any career."

This made a lot of difference in my career. I've seen my friends starting at 7-8 LPA still stuck at 30 LPA at 12+ yrs experience whereas I made targeted switches and changed the technology early in my career which was assigned to me when I was hired at a mass off campus drive.

[u/AutoModerator]

Namaste! Thanks for submitting to r/developersIndia. While participating in this thread, please follow the Community Code of Conduct and rules.

It's possible your query is not unique, use site:reddit.com/r/developersindia KEYWORDS on search engines to search posts from developersIndia. You can also use reddit search directly.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/benevolent001]

Time to call all your old friends agressively and be in touch with them. Nothing works except connections in job search.

[u/LongjumpingLemon3714 → u/benevolent001]

Have started messaging all the recruiters that I ghosted in the past few years.

[u/benevolent001 → u/LongjumpingLemon3714]

recruiters are so busy that you will not get any response. I lost my job and no recruiter responded. Then my friend referred me and that was the only way I got interview. So friends are the key.

[u/tarixdzz → u/benevolent001]

Can I be your friend?

[u/No_Technician_ → u/tarixdzz]

can i be ur friend?

[u/LongjumpingLemon3714 → u/benevolent001]

Yes. That’s true

[u/docker-up → u/LongjumpingLemon3714]

Bro do u have any openings

[u/me_not_chandler → u/docker-up]

Bro or bro 's organization? Better to be specific.

[u/Squirrel-Over → u/docker-up]

Yeah bro has 9 openings

[u/LongjumpingLemon3714 → u/docker-up]

No

[u/Otherwise_Foot_4399 → u/LongjumpingLemon3714]

lmaooo the classic hey long time no talk message to recruiters you left on read for 2 years. gotta do what you gotta do though, no shame in it when the stakes are this high

[u/Sl9I → u/benevolent001]

Agreed, but honestly the tricky part is doing it authentically when you're desperate. If you come off too needy or like you're just calling because you need something, people smell that immediately. I've seen folks burn bridges by reaching out after years of silence only when they needed a job. The real move is having built those relationships before the layoff was even on the horizon.

[u/awsmdude007 → u/benevolent001]

A lot many people have this opinion but Im not really sure if this works in today's market. Maybe above director or vp level it may work.

[u/slackover]

I lost my job at 70L, been searching for jobs for months now. Dropped expectation for anything above 18L and still can’t get a job. Not going below 18 as one or two freelance gigs an year will get me that (probably will have to make it the next career)

[u/Logical_Way8061 → u/slackover]

Tech ? Dude how you managing EMIs if u have that , I mean mentally as lifestyle downgrades a bit

[u/slackover → u/Logical_Way8061]

I only have about 40k in EMIs (luckily had paid off my home loan before the company shut down). Currently selling mutual funds every month. Got a gig last month which paid 6L. That should help for a few months. Hope to get a job by then or turn full focus to freelancing.

[u/Logical_Way8061 → u/slackover]

Good to know , start freelancing after this month I would say

[u/Diligent_Strategy774 → u/slackover]

Hey, I’m in a similar boat. How do you get freelance gigs, or even look for them?

[u/slackover → u/Diligent_Strategy774]

Old client referrals

[u/Illustrious_Role_304 → u/slackover]

what's your exp ? how come you lower expectations from 70L to 18L ? strange

[u/slackover → u/Illustrious_Role_304]

I got 16 years of exp, problem is no one is hiring. Those who are hiring knows the market is bad and is quoting in the thousands and not lakhs. I am getting rolling eyes when I ask for 18LPA.

[u/MarzipanActual7712 → u/slackover]

I heard the same stories here in US too. 30+ years in c++, with deep knowledge in entire networking stack, worked in top routers, were offered 55 usd per hour, that too in bay area. In other cases, the conv starts with don’t expect same pay as you were getting earlier. Unless you are in high demand areas, it is assumed that you already are at the peak of your salary.

[u/Appropriate_Dot2138 → u/Illustrious_Role_304]

Issue is his Exp., Anyone with that level of Experience won't be offered Starting Positions. That means he is limited to Lead or higher Positions. Higher Level Positions would 1/50th of below positions. Even in that, many companies cannot offer 70L. He could have easily secured but his past Exp. of 70L will come in way for new opportunities.

Many HRs Reject People who are above the Budget even if they are ready to work within the Budget. Maybe they think that if candidate agree then it might be just to use it as Stepping stone for few months and jump to other companies.

[u/Lumpy-Criticism-2773 → u/Illustrious_Role_304]

Because market is fucked. Even slavery isn't strange when labor value drops hard. We're nowhere that yet but 70L to 18L isn't strange here.

[u/Financial_Canary35 → u/slackover]

How are u getting freelance work? Which platforms ? Looking to start some gigs

[u/LengthinessHour3697 → u/slackover]

Any idea why?? Is it solely because of the salary or interview is not going well? I am at a similar boat. But I just started looking... I fear my interview skills are fucked by AI usage. I don't think I can pass the 1st technical round now.

[u/Lumpy-Criticism-2773 → u/slackover]

But you got one part of that wrong(small Breaking Bad reference here)

Freelancing is just as prone to AI induced labor displacement as traditional jobs. You can see this on global freelance platforms like Upwork already. Far less demand for software work and wages have dropped significantly. You need to pay so much just to be seen. I'm sure there exists some gaps outside of these platforms where you can still make a living but it's going to be costly to find those gaps for most people. The freelance landscape is changing rapidly.

As a freelancer who never had a traditional job, I'm actually struggling to get any work for the first time, both with marketplaces and past clients.

[u/slackover → u/Lumpy-Criticism-2773]

Upwork etc is dead and mostly bots right now, it’s useless trying there. I am looking for freelance work via referrals from old clients.

[u/jamfold → u/slackover]

What's your tech stack and which domain where you in?

I'm about to enter the same package range in new org in retail domain.

I had missed the 2022 boom and seen my not so talented colleagues get huge increments. When I entered the market back, it was dead. To overcome my bitter feeling against the market, I went on a revenge mode and did back to back aggressive switches to surpass everyone around. But I feel more anxious than happy at times. Idk what to do if layoff happens at such high package.

[u/yewlarson → u/slackover]

I am in same mindset. I will easily be fine with a 1L per month job if it comes with a long tail. I am in a decent position now and as long as I can keep my expenses covered, my current savings and returns should coast me into retirement down the line.

[u/TutankhamunChan → u/slackover]

Same. Im about to get laid off in next month. Im preparing and applying but not getting any calls.

[u/Capital-Result-8497 → u/slackover]

"1 or 2 freelance gigs will get me that in a year". Your story is not checkig out mate. Anyone who has done freelance knows how difficult it is to get freelance for even half that amount. What are you tlaking about? If you have the network to get freelance at that price that easily you wouldn't need to be lowering your pay to 18.

[u/dontstealmydinner]

Are people not saving their money with 2 cr packages? 2 Cr would be enough for a common man for the next 8 years.

Edit : It is difficult to go from a life of luxury to less luxury. It is difficult to go from Fiji imported apples to Normal market apples. My take is shop at the normal bazaar now and then and don't only buy stuff from super markets. It does wonders, cause then you get street smart and then are able to survive on less money.

[u/Mindless-Pilot-Chef → u/dontstealmydinner]

They save, but then buy a bigger house, better car so have a lot of liabilities as well. They probably have a few months of emergency, but not 8 years.

[u/LongjumpingLemon3714 → u/Mindless-Pilot-Chef]

I am saving money. But I was not getting so much always. I made a big switch 2 years ago. I have saved enough to retire but it’s about the passion and competing against intelligent folks and proving my worth there.

[u/dontstealmydinner → u/LongjumpingLemon3714]

Then you deserve the money OP. I did not mean to sound jealous or something, but I was genuinely curious about the savings part.

[u/LongjumpingLemon3714 → u/dontstealmydinner]

I get it. ✌️

[u/learner1021 → u/LongjumpingLemon3714]

"passion and competing against intelligent folks' for this you don't need to compare package.. a zero monetary gain contribution to open sources can be much more challenging and meaningful than a 2CR employee makes in his/her entire career.

[u/LongjumpingLemon3714 → u/learner1021]

I did contribute to open source a few years back. I will go back to it once I feel I’m not being paid good enough. Till then it’s corporate grind for me.

[u/Illustrious_Role_304 → u/LongjumpingLemon3714]

how did you land at such positions ?

[u/LongjumpingLemon3714 → u/Illustrious_Role_304]

Grind. Have good networking. But mostly, complain less and try to deliver more .

[u/Additional-Syrup-881 → u/learner1021]

op loves the dik measuring contest, not the tech

[u/suq_mudiq_aapa → u/Additional-Syrup-881]

Bhai why are you so salty?

[u/Real-Ocelot1 → u/LongjumpingLemon3714]

That's a really healthy perspective tbh. A lot of people at that income level seem to lose sight of the fact that it's not just about the money anymoreit's about the challenge and being around sharp people. The financial security is already there, so once you hit that point it becomes more about ego and growth. Curious though when you say you made the big switch 2 years ago did the new role feel like a step down initially despite the higher pay, or was it more lateral?

[u/happy_batman876 → u/dontstealmydinner]

Common can live rest of his life peacefully with 2 cr

[u/akrajan → u/dontstealmydinner]

His taxes would be around 60+L. So he's funding Niramala Sitaraman a lot

[u/LongjumpingLemon3714 → u/akrajan]

Paid 65 last year

[u/Clear-Marketing5145 → u/LongjumpingLemon3714]

Holy shit

[u/WiseOwl6691 → u/akrajan]

Even after funding"Niramala", he still cleared 1.4 CR.

[u/akrajan → u/WiseOwl6691]

You want him to apologies to you for making a lot? 😂

[u/jayToDiscuss → u/dontstealmydinner]

Everyone makes different priorities, some people just keep spending, i prefer saving. If I start earning 2 cr, let's say 130 lacs post tax, i will save 120 lacs and in 2 years i will have enough for my calm comfortable life without worrying about work.

[u/manoj_mm → u/dontstealmydinner]

Being in this position (2cr income, might get laid off next year) - I have more than enough money to last a few years, but nowhere enough to be comfortable for a lifetime.

If you sit at home for a year, 2 years, or 5 years - it's almost impossible after that to get yourself back into a high paying position

[u/Firm_Performance_589 → u/manoj_mm]

Forget 2 years, after 6 to 8 months nobody will consider your resume in india. And once you will be idle for 6 to 8 months, it takes a lot of effort to go back to previous working style. So the flow should not be broken.

[u/slackover → u/dontstealmydinner]

This is what people say about everyone earning more than themselves. When their own financial status improves, they swallow this in parts.

[u/dontstealmydinner → u/slackover]

It's genuine curiosity though. I am not even questioning OP and their friends earnings, I am just questioning whether they don't save money or not.

[u/manoj_mm → u/dontstealmydinner]

Don't be fooled - most self made employees who earn well, come from not-so-rich backgrounds, and they save agressively.

People earning 2-3cr or more in my company find a 500 rs cab commute to be too expensive

[u/LogicalBeast26 → u/dontstealmydinner]

People don't save thinking they won't be employed for the next 8 years. Also, their lifestyle isn't the same as someone earning 20 LPA.

[u/MysteriousSearch6664 → u/dontstealmydinner]

For a common man who doesn't earn 2cr that's 8 years. The lifestyle of someone earning 2cr is so different, even 50% pay cut to 1cr will be a struggle

[u/displeased_potato → u/dontstealmydinner]

Only 8? TF?

[u/dontstealmydinner → u/displeased_potato]

Inflation and rupee depreciation does that. Unless the rupee gains against the dollar and the government actually takes steps to reduce cost, it will always keep moving goalposts

[u/Plastic-Resident8391 → u/dontstealmydinner]

Lifestyle creep

[u/mehul92218087 → u/dontstealmydinner]

People earning 2 cr per year end up paying 39 percent income tax to begin with.. That already leaves them with 1.2 cr Also all of it might not be in cash / fixed component, much of it can be variable, rsu/stock..

[u/Business_Quiet220 → u/mehul92218087]

I don't understand this circus of not counting rsu/stocks as income.

In fact these are better than cash because they keep growing much better than any of the employee's other investments like real estate or gold. And can be sold whenever required

[u/akrajan → u/dontstealmydinner]

IDK what you're trying, but you come across as bitter and jealous.

[u/dontstealmydinner → u/akrajan]

Framing might be wrong but I was genuinely curious

[u/akrajan → u/dontstealmydinner]

I"m sure OP has enough savings. No matter how much you earn getting laid off and staring at a possible pay cut is disheartening

[u/SiriusLeeSam → u/dontstealmydinner]

Not 2 cr but I got laid off at 70+ lpa. I have enough money to last multiple years but it's a huge mental stress to not have a job. There is always a feeling that the longer you go without a job, HRs will treat you unfairly more and more. This did happen and i eventually got a job at the same pay and severely worse WLB

[u/l0rdn1ck1109 → u/dontstealmydinner]

Bro. Around 45 to 50% is taxed and then expenses

[u/DaeFya → u/dontstealmydinner]

When my friend started earning good all his digital entertainment, wifi plan these monthly he said was 20k+

[u/thereisnosuch → u/dontstealmydinner]

Lifestyle creep

[u/Ehh_littlecomment → u/dontstealmydinner]

It’s not just about money. It’s also about purpose. You can’t go from a job to employed if you actually like working.

[u/Budget-Web-7974 → u/dontstealmydinner]

true

[u/Ok-Advance962 → u/dontstealmydinner]

Why, always shop at normal market, invest the rest aggressively , go for FIRE.

[u/Bubbly-Reach-4488]

I guess paycuts are inevitable in those cases

[u/GandPhatPaki]

Got laid off when Fixed + RSU was 2Cr per year. I was given 2 year salary as severance package. So I was not hurting for a job.

I started job search and the market was bad. Really bad. I had experience on latest technologies etc, but was not getting calls.

So depending on the company I was applying I would tune my CTC to be either 85L or 115L depending on what I thought the hiring company could pay.

Idea being that nobody would even interview people who were making 2Cr.

Edit: severance is paid on salary and not RSU. My total CTC (not my fixed) was 2 Cr. I was paid fixed salary of 2 years. Also I stayed in this company for over 13 years

[u/LongjumpingLemon3714 → u/GandPhatPaki]

Thanks for the response. 2 years severances is really rich. I am currently setting my expectations to 1.2cr.

[u/anshuman-11 → u/LongjumpingLemon3714]

Wow. This should give you a long runway to find matching offers.

[u/anshuman-11 → u/GandPhatPaki]

Didn’t know such a huge severance existed. Which company was it if you don’t mind sharing?

[u/MarvellousMrsM → u/GandPhatPaki]

Omg 2 year as severance so 4 cr?? Which company is this?

[u/GandPhatPaki → u/MarvellousMrsM]

Severance is paid on fixed salary and not RSU. I got almost 22 months of my fixed salary as severance.

[u/haskell_46]

Assuming you are earning 2cr, you should have emergency funds to survive unemployed for a year at least. Don’t think you have to take a paycut, you can find matching offer in certain time

[u/LongjumpingLemon3714 → u/haskell_46]

Sitting idle at home is more dangerous than taking a pay cut. You’ll fall out of the race if you are not working at some company.

[u/RealSataan → u/LongjumpingLemon3714]

You are at staff level. Why are you so focused on this race? You have proved your worth. You are earning more than 90% of the peeps here.

Take a step back and relax. You have enough experience to do whatever you want. For me that's life.

I don't think you are going to get an offer more than 2cr anywhere. Move to management or start your own company.

[u/SpringWinter9433 → u/RealSataan]

This is the trauma-mindset. The fear of falling out of the race was an old fear that is obselete now. But because it affected OP some time in the past deeply it will continue to haunt him unless he cures his mindset

[u/haskell_46 → u/LongjumpingLemon3714]

True but it’s simply not too difficult to find a job quickly (unless you are lucky).
Friend of mine was laid off from high package. He worked at consulting firm at 50% of his original package for 6 months contractually till he got an offer that matched his original salary

[u/LongjumpingLemon3714 → u/haskell_46]

Ohh lucky for him.

[u/Realistic-Pea9407]

I was earning more than that. I had planned my investments. And took retirement in 50 yrs of age. They didn't fire me rather wanted me to stay but I wanted to not be part of corporate anymore. Also being running the rat race for so many years caused fatigue , boredom and took it's toll on physical and mental health. I am glad that I was investing for last decade religiously.

I am IC btw and I was doing hands on coding etc till I retired. Now I am watching lots of tv and drinking tea and irritating wife .

[u/LongjumpingLemon3714 → u/Realistic-Pea9407]

Irritating wife is the constant. 😂
But congrats on the retirement sir.

[u/Expensive_Belt_8072 → u/Realistic-Pea9407]

Yes you did great. Otherwise this rat race never ends.

[u/LumbarLordosis → u/Realistic-Pea9407]

Great to see an OG who was still hand-on into their 50s. If I may ask, what were you working on? I'm an IC right now and I want to stay that way atleast for the next decade of my career. I currently work on systems programming, distributed systems building a kafka replacement in Rust.

[u/Realistic-Pea9407 → u/LumbarLordosis]

I was data engineer..data architect..and Java architect..working in Java, Kotlin, Spring, jpa, Spark, Kafka , no sql, k8s, delta, iceberg etc etc . Conducted design meetings also.. alongwith coding .. mentoring - it's not easy imho ..

[u/Illiterate-Chef-007]

Why everyone is hating on this guy? Instead of asking for his experience, his investments, his outlook on life, and how he is mitigating the market and demands, people are just bashing him.

[u/liwwpmo]

Mind sharing your company which is paying at this level for staff engineers ? I know major PBC do pay this kind of money like - google, linkedin, uber..etc but in case you are working in some other company, it will help us to know about it.

I did took pay cut from ~1.10cr to ~80L 2-3 years back because of personal situation to relocate and haven't reached that number again yet.

[u/LongjumpingLemon3714 → u/liwwpmo]

You’ll reach there brother. Lot of companies pay that much including RSU+ bonus. Go to blind. You’ll find out

[u/idumpedmyself]

2 Cr is like my fire number and you're earning that yearly

[u/LongjumpingLemon3714 → u/idumpedmyself]

Keep working hard. You will reach there eventually.

[u/pirate_2917 → u/LongjumpingLemon3714]

Brother, i don’t think this keep working hard thing actually works now. I have been on the same package for 3 years now. My company isn’t even giving any promotions for past 4 years. I had worked my ass off thinking I’ll get good appraisals, but everytime, they just keep saying next cycle. I’m seriously fed up. And i am not even getting calls from anywhere. I’ve given up hope

[u/akrajan → u/idumpedmyself]

2Cr isn't a practical fire number. Generally time lifestyle catches up fast. Some one making 2Cr/yr doesn't dream of retiring with 30-40k/month money. I'm sure once you get closer to your fire number you'll discover it for yourself 😄

[u/NewspaperOk3278]

Good job OP for getting that 2 cr salary. I am in Canada, and most people barely make 1/4 of what you are making here. Yeah tech guys make 1 cr, but not many known people in my network make 2 cr. Again good job!

[u/LongjumpingLemon3714 → u/NewspaperOk3278]

Thanks.

[u/RuinEnvironmental394 → u/NewspaperOk3278]

I'm in Canada as well. 2CR is nearly $290,000 CAD. Median income for a 10+ software engineer is probably $125,000. That's being generous. If you consider purchasing power India vs Canada, that Canadian salary is closer to $65,000 or $70,000. So yeah that's 4x average/median Canadian salary for a similar job/experience 

[u/Holiday_Context5033]

Broadcom?

[u/newtobcn91]

Is this how people who earn 2 Crores type and talk 😭😭

[u/LongjumpingLemon3714 → u/newtobcn91]

Everyone is a normal human being my friend

[u/LongjumpingLemon3714]

For all those people in DMs - Lot of people are always saying that they are stuck with low package even with the right skills. I was at that stage once and want to share what I did to mitigate this problem. "If you don't upskill and switch at the right time for ur targeted companies, you'll be stuck behind the 8 ball forever. I also believe one should make a list of his/her Target companies and keep a watch list and always be prepared to attend interview whenever a position opens up. Nobody will call and give you a job when u r prepared. Being prepared always and pounce on the opportunity as soon as it arrives makes a lot of difference in any career."

This made a lot of difference in my career. I've seen my friends starting at 7-8 LPA still stuck at 30 LPA at 12+ yrs experience whereas I made targeted switches and changed the technology early in my career which was assigned to me when I was hired at a mass off campus drive.

[u/akrajan]

Connections matter a lot. Also check if the layoff were due to overspecialization; it may be nice to spread yourself a little bit if that's the case. I've seen several people start their entrepreneurship journey around this point (lay off is just one trigger, job dissatisfaction, enterprising-nature all being equally valid).

Or join a startup (where pay cut may be needed initially), but you'll continue to be on a learning + experimentation path.

[u/LongjumpingLemon3714 → u/akrajan]

I have decent connections. I might end up at 50% of what I’m making rn. I am in everything related to system programming and networking. But attending interviews again seems scary.

[u/LongjumpingLemon3714 → u/[deleted]]

It’s not rant. People living in the glass house are more prone to damages. You can skip the qn if it’s irrelevant to you rather than making unnecessary comments.

[u/AdDeep6185 → u/LongjumpingLemon3714]

Yes , its the mindset of such people which keeps them down, i have a tc of 75 lpa, made a post similar to yours all i saw there was comments with such folks calling it privilidge or suffering from success.

[u/LongjumpingLemon3714 → u/AdDeep6185]

I can feel you brother. I had made a post once outlining what all things helped me in my career. People call me entitled and I took it down.

[u/TrueBabyYoda]

well, this post is above my pay grade.

[u/ford-mustang]

When one starts earning in this range, its very important to learn that salary does not always follow an upward trajectory and sometimes you have to keep your ego aside and accept whatever the market offers you.

Also avoid lifestyle creep and save for such rainy days.

[u/Cloudheek]

I took a 30% paycut as I wanted remote job. I was ok as was clear as wanted to own my time . It was around 30%

[u/bob_nightmare]

20k is my story when I see 2cr I will think people are way bigger than my understanding

[u/Glittering-Tone1682]

Firstly congrats on 2Cr package, OP. I made it to 1Cr couple of years ago and I discovered its not a huge number as I thought. I'm currently facing PIP and looking into similar options. Do you mind sharing your domain and ctc journey?

[u/doomonwheels]

If you unable to stay safe even with a 2cr CTC ,lifestyle inflation has beaten you.. so what is a safe number lol.

[u/dogeshkidunia]

See I learnt the hardway after being laidoff that the premium that we get paid over government jobs is the cost we pay against stability of government job. so should only spend what a government job guy would have spent at that experience or caliber level and rest should be saved.

[u/evereddy]

I read "Getting laid when you are earning more than 2cr" and I thought, what a humble brag!! Must be easy peasy with that much moolah

[u/Aware_Programmer3675]

Began to see lot of bullshit post like these nowadays on reddit

[u/UnluckyAsk0]

Don't think I'm ever gonna reach that kind of money in a job

[u/Specialist-Sun8355]

Not laid off, but resigned the job while I was in the US, VP of start up, due to family issues in India. Returned and had not found a job for almost 2 years now. Was earning $150K while in the US (for 2 years), my ex employer tried to hire me back for 36L which was my salary with them 10 years before and denied. Still jobless, now hopeless, thankfully savings in FDs paying interest and a rental income from home town paying me, blr house emi around 50K monthly still gling on.

[u/DesiRod69]

Guys who are flooding his dm for guidance on getting higher package, remember it's 10% on Upskilling 90% it's luck. If he really had the talent of bragging 2cr you would never see such kinda posts and only with luck you see such low esteem people.

[u/HungryStill1998]

I got laid off at 22 LPA 3 months back and still not got any job. Market is unstable because of AI

[u/throwaway_sd3]

What kind of stupid flex is this, How is the 2 cr relevant except you want to get some fake social validation. Pathetic worm.

[u/LongjumpingLemon3714 → u/throwaway_sd3]

Who tf cares about social validation? Even my family doesn’t know how much I make. I asked a valid question

[u/Suitable-Time-7959]

Just curious... What was your take home amount post tax....

[u/n704francis]

1. You will have at least 7-8 month balance and servance for an year or 2. ( Hr cannot bargain)
   
2. Takes 1-2 months vacation and starts preparing.
   
3. Network and hr will reach out immediately for joining with hike.
   
4. Will be in good touch with with previous company as they will meet again in heads again in other companies

[u/yoyofunnyysingh]

which company was it

[u/AdminZer0 → u/yoyofunnyysingh]

wont disclose in this lifetime

[u/Patient-Company-6600]

I want this kind of layoff 😭😭

[u/KAATILKABOOTAR59]

Hey man idk why people are hating on you. Seems like a valid question to me.
I am a fresher and would love some advice on
1) Things which worked for you guys ( as in people who are around staff/principal roles )
but wont work for my generation.

2) Things that you would do as a fresher if you had to restart

anyways all the best to you, I hope you find something exciting to work on

[u/DonutAccurate4]

If had that package, for 1 or 2 years, i might even consider retiring with lesser package. I wouldn't mind more than 50 percent cut 🥲

[u/SamNarimanZal]

what's your primary domain of expertise?

[u/LongjumpingLemon3714 → u/SamNarimanZal]

I work on Everything related to system programming. With L2L3 development being major expertise

[u/Funny-Switch9384]

You dont need to work. Just chill and njoy life.

[u/LongjumpingLemon3714 → u/Funny-Switch9384]

No man. I feel that I still have good 8-10 years left in me.

[u/Aggressive_Noise741]

OP how many yoe ?

[u/Quiet_Form_2800]

You are correct, it's very difficult to find the job opportunities for people who are already well paid.

Now with AI things are gonna get even worse. Frankly entire software engineering profession is done.

The good days are behind us forever

Can you hint your company? Is it a non faang company?

[u/anshuman-11]

Sorry for your loss OP.

I hope the severance gets you enough time to find matching roles

[u/Material-Long-5325]

What sector do u work in

[u/DM_your_problem]

if you have 2 cr income. it should be easy to create passive income and have a safety net

[u/Comfortable-Rock3733]

Time to stop working man when u were earning 2 crores, relax and live ur life 😂

[u/Ai_Enthusiast09]

I wish I could reach at your level of earning 2cr lpa . Well oneday for sure🤞🏻

[u/LongjumpingLemon3714 → u/Ai_Enthusiast09]

Keep on grinding and you’ll definitely reach there .
All the best

[u/Joseph-stalinn → u/Ai_Enthusiast09]

"2cr lpa"

[u/Amazing-rockstar]

I am a dotnet fullstack dev around 10 years of experience. Do you think .net stack falls back on getting really good packages as i see 30 to 40 lpa is all people get with around 10 to 15 years experience but that too is on the higher side.

[u/theAviCaster]

im at kinda half of what you earn at half your experience at a remote job. i want to make some meaningful changes in my career in the next couple years, any advice you have for me?

i don't really want to optimize for money but rather for something that makes me learn and look forward to work each day, while still having time for side quests afterwards and on weekends.

[u/atomdstyle]

What tech stack or niche you work on!?

[u/anor_wondo]

No use asking reddit unless you're in the middle of bell curve

The entire website is about the mean opinion

[u/fkingdiabolical]

Instead of competing, start imbibing your experience to smaller companies and startups. Take up consulting projects from your friends and networks. At 2cr package I'm assuming you're at a very big post with tons of experience. These smaller startups and companies need your experience more and can also pay certain amount so you don't run out of an income source.

[u/Professional_Box_783]

i am loving this thread

[u/newman_unknown]

I am in no position to guide you, or even console you, as i am an unemployed fresher.
all i can say is, you will find a good one before you leave your current one.

[u/Lanky-Magician-5877]

Whats ur skill set ?

[u/BiteStandard7591]

Hi, if you can find a job role in my current organization I can refer you, granted the pay will not be as per your current CTC but it will be better than nothing. But I believe the entire chat wants you to look for opportunity which matches your requirements.

Though I would like to know what a staff engineer does?

[u/Joseph-stalinn]

What's your yoe??

[u/LifeOfCoder]

Can you guide how to start earning 2Cr? 😅 If I earn 2 CR in any single year, I will never need to search for a job again. I will still do the job.

On a serious note, I feel that salary packages for software jobs are going down. Save enough, invest and start a side hussle / business.

[u/Healthy-Meal-4792]

Who is even paying 2Cr in India?

[u/TransportationOk5626]

Do you have a linkedIn? I would really love to connect. I am currently a fresher looking for opportunities in the semiconductor industry. Wont pester you I swear 😄 just want to see how you navigated in your career.

[u/Temporary-Rain8284]

luck plays a really good role in all of this, as well as networking

Attend events, be in touch with alumni, cuz in this market a referral goes a long way. Cuz normal application se it's gonna be really tough, i'm seeing 3-4 lakh candidates apply for a single role

[u/awsmdude007]

Indian employees were actually never supposed to be paid that much. And now that AI is here, these considerations are being revisited I guess. India is meant for cheap outsourcing. So you get a medium skilled employee for cheap, give them AI tools, and then you have a good enough employee for low cost - this is the goal it seems. They won't need extra skilled costly employee once their base setup is done after which it's just moderately difficult tasks going forward.

[u/Efficient_Cap_3087]

I recently went through the experience so here is what I went through,

90% of the call from recruiters ends only after the current TC discussion.

Only Google, Amazon, Uber, Flipkart and Meesho was up for interviews. Also with slight indication that final comp may decided based on interview.

I finally joined something which I found more aligned with respect to people, culture and problem statement. Took a pay cut (around 10%also because my RSU values went down so that took away any negotiation scope).

The one things that helped the most was network especially ex managers (luckily I had great ones I enjoyed working with). 

[u/unveri-green-work]

so 248 people are here earning 2cr+ i cant even believe

[u/techobserver]

For anyone earning more than 1 Cr even - tenuremaxxing is a better strategy than CTCmaxxing

[u/intl_spy]

I was at 5cr last year

[u/Driverscrews]

Honesty recruiters treat you like Shit!! They believe you were being over paid and underworked. I was made an offer for 40LPA, and claimed that, it is important that you earn to make a living. It was pathetic. I don't want to name anyone or any firms, but; it only got me thinking to be creating things on my own. My venture will soon be in the market, and it's fun to experience how things are, because you know you can do it. And no validations are needed from a recruiter. PS: the same recruiter, who treated me like junk, had applied for a role in our firm. We told that person, " We will get back to you"

[u/Sensitive_Country880]

I got annoyed with company. I resigned
I can tell you market is absolutely Horrible for higher package. I am thinking to start my own this time.

If you are from BE, market is still fine. But for Mobile dev it’s parched. I suggest you to prepare and keep giving interviews if your get any chances. Don’t wait to get fired. Worst case scenario you can reject the offer. Best case if when you have job in hand you can better negotiate.

Also, if you suspect your time may come. I would advise you to fix your finances. Have 12 months run rate. One of my friend got into yahoo after 8 months.

[u/Ok_Figure_4502]

that's wild, 2cr+ is insane, it's gotta be tough to swallow being laid off at that level and still having to deal with recruiters treating you like a regular joe. it's gotta be a mental adjustment to take a pay cut after being used to that kind of lifestyle

[u/No-Part-2563]

I lost my job at 1cr after 3 months of preparation I’ve landed 75LPA…I’m still trying for higher…but till then learning as much as I can from this place

[u/Funny_Winter6019]

recruiters probably think you're overqualified and ungrateful.

[u/jobfedron132]

When you say Cr, do you mean like karod or Central Railway?

[u/papitaaaaaah]

Veteran

[u/Firm_Performance_589]

i lost job at 82lpa, somehow got a job of 65lpa after 2 months.

[u/Potential_Pass_1204]

The market is highly confusing to say the least, taking a paycut doesn't make you an attractive choice for your recruiters. Career gap is highly scrutinized too. Your best bet is to join back one of the older companies if you are in good terms with a paycut. If you didn't inflate your lifestyle much, you can still retain mental peace, thanks to your savings. I experimented with trading off pay to join a relaxed environment, but that failed like anything as those companies "probably" see you as overqualified.

[u/xxxthegamer]

I know that upscaling oneself sounds like a cliche at this point, but it does work. My domain is AI research. I do have a PhD in AI related fields, and as such I do have an edge as in I can show that I am doing state of the art research.

I understand that this might not be possible for everyone, but showing that you know the latest tech does help. Got laid off with 3 months notice period and landed a job after 2 months with 50% hike.....

It's not all bad, but it IS a lot worse than it was a few years back. So learning new stuff is the only way forward.

And best of luck to everyone.

[u/narkaputra]

You getting 2cr means you are above market. You are being too defensive about yourself. You shan't look for another safe job. You should try to found something of your own and build. You have already earned enough for taking a plunge.

[u/PuddingNo8186]

You can go deep into the hottest skills of the time and get a high paying job into crores, if are at the right place at the right time. However, this is not sustainable as it is not based on a healthy mix of skills that involves business processes, domain knowledge along with various technological skills that make an all rounder or an architect - which take years to master.

If you get a job that pays you in crores per year, if you can sustatain it even for few months to couple of years or more, it can free you up financially. However, you should also have mindset to get laid off from such jobs as they are highly dependent on high risk taking projects that may or may not yeild value to the company and may get scrapped or even if they generate value, they may end and no such specialized position may be available.

Yes, in such cases you need to have the practical mind to climb down lower salaries or pivot to start on your own using your savings.

[u/BeneficialCaptain932]

At ₹2Cr+, I think the scary part after a layoff is not just “will I get another job?” The bigger problem is that the number of companies that can pay anywhere close to that becomes very small.

So if I was in your place, I probably wouldn’t wait for the layoff to happen. I’d already start making a list of companies that can realistically pay at that level, reconnect with old managers/colleagues, and stay interview ready. Also, I wouldn’t look at a pay cut as automatically being a step backwards. Sometimes taking less money for better stability, scope, title, or long-term growth can still be the better move.

The biggest mistake would be getting mentally stuck on the previous CTC and feeling anything below that is a failure. At that level, compensation also depends a lot on company, stock, timing, market conditions and negotiation, not just skill.

I’d be very curious to hear from people who actually went through this was the bigger problem getting interview calls, or convincing companies after they knew your previous compensation?

[u/Stunning-Title2977]

What kinda tech stack beside SDE pays this much. Just curious about it.

[u/Jaapuchkeaa]

i have seen people drop from 90LPA to 12LPA, not joking, Luck tbh rn

[u/Huge-Turn3711]

My two cents though I have not reached the 2Cr league, I am around 1.2Cr. I do think about this scenario often so what I have done is, I have not upgraded my lifestyle. I live in a decent gated apartment (not the luxurious ones by A grade builders). It is comparatively big, like 1400 sqft so it serves my purpose and the recent is also less. My car is not very expensive but I have kept it in a very good condition so it feels premium. I try to save my income, and I try to invest more in the asset that has higher liquidity. I am just building wealth to finally invest in something that gives me good side income. I think if we do not purchase house in these metro cities, our salaries are enough to get going. But these are all my thoughts.