Laid off but not actually
I joined this startup 2 years ago as a developer and grew to lead position. I got a call from founder today morning about company performance and plans ahead. He mentioned the company has runway of only 4 months and thats for winding up the operations. He is planning to reduce the head count but would like to have me on the team. He has offered me with two options, I would like to know your thoughts on this. Didn’t mention any perks if I stay around for company with paycut.
If there is no future to the org, what exactly is the question?
Jump now or wait till the airplane runs out of fuel?
Stay while you search
As a founder, I would say, it's time to start searching. If the 40% is a cushion, then you can always stay and keep searching. You've put in your time till now and you have to help the company but you also owe it to yourself to take the best action in your own interest. Please remember that always. :) No need for emotional judgement.
Stay and search
Only 4 and they are telling you this now. Working with 40% salary makes no sense. I would say resign, do not work in Notice period, and prepare for interviews.
Reason to not work while in notice period: Your Esops in that startup are as good as a paper.
In such cases the management usually tries to glorify the perks to get you to stay. If the founder didn’t, then they’ve lost all hope. It’s better to start looking out for other jobs while you continue working. They can’t legally bind you for the next four months anyway.
