Yeah, let’s say your salary was $200k. They give you $100k immediately, you turn around and find another job after a month off at $190k—that means you’re making about $273k this year.

$273k means you would be hitting the top marginal federal income tax rate and also the net investment income tax. If you are in a state with high state income tax rates, your additional $100k nets you $50k. Of which maybe $10k goes to replace the post-tax income you lost for the month you spent looking for a job.

$40k in the bank is a nice bonus, but I wouldn't quit a job I liked for it.

Also getting a new job is a pain. I don't like doing it.

It reminds me of people flippantly declaring "just sue!" as if it's an easy or pleasant thing to do.

>> Also getting a new job is a pain. I don't like doing it

Agreed. A pain, and also a risk. A huge part of job satisfaction is working for a manager that you respect, and you can't really know that until you've been through some shit.

It depends on the terms, is it a lump sum? Or would the paychecks end when you get the new job?

Severance (or "buy-out"), is typically (in my experience) a one time lump sum event.

Why would they end? What business is it of theirs?

I think this is continuing your pay until you find new job... not as sexy as you think.

depends. it (used to be) a tough job to get. i've heard vague indications that their profit sharing would have been extremely lucrative. but i dont know exact numbers.

but just on a numbers basis if you made 1m a year profit sharing but a normal job outside you'd make 200k, you'd have to really hate working there to quit purely for the 6month payout.

Eh. This thread is about employees of 3+ years, in which case, even if the profit share is very lucrative, they've received that profit share 3+ times. On top of that, I doubt Basecamp pays poorly. If you're even vaguely burnt out or bored, 6 months off sounds like a dream.

I believe the profit-sharing plan is new, announced as part of these "changes".

> In addition, we recently introduced a 10% profit sharing plan

If so, it's hard to say for sure how lucrative it would be either, especially if you aren't privy to the details of what they say they are offering.

But if so, nobody's gotten it already, you'd have to stay to get it.

https://world.hey.com/jason/changes-at-basecamp-7f32afc5

Profit sharing was paid out for the first time in 2021-01.

Good to know. Thank you!