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by tuckerman
1474 days ago
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In a downturn, would you put your startup at risk to continue making payroll for engineers when, after looking at your runway/product needs, a layoff is clearly the right call? Maybe, but I don't think most founders would (nor should they). It's not reasonable to expect employees to be as invested in the company as a founder when they have comparatively so little ownership. I also don't think accepting an offer and later declining because you found higher comp elsewhere is dishonest. No salaried employee (where I live at least) signs a contract agreeing to work for any specified period time and I've never promised or been asked to even give my word to stick around for a set period of time. |
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It truly is for one very simple reason - you accept and the hiring manager tells all other candidates that the company is going with someone else. If the person then flakes out, the company is in a difficult spot because the best candidates have several offers and as soon as you're out, they confirm with their next best option.
> I've never promised or been asked to even give my word to stick around for a set period of time.
There are reputable and less reputable companies. What Coinbase is doing is clearly shitty, but at least they are going to offer a 4 month severance just if they agreed to hire you and then rescinded the offer. Again, a shitty thing to do, but even so, you'll notice that they were not contractually required to pay anyone anything for rescinding the offer, and yet they are going to do that. Why? Because reputation matters.