The longer you stay the more you fall behind. I was a longer term employee so I was really far behind. When I left for another company my comp increased 2.5x. That's not a good thing because it shows you how much money I've lost by not changing jobs earlier. The job market is on fire, along with inflation, so you really need to keep changing jobs every 2 to 3 years to keep up.
Good advice, @dosu+1dMo2lPY. I don't think there's anyone who stayed more than 2-3 years without regretting it?
I will ride it out if RSUs go back towards $700 but why is it tanking below 500 now? This company generates so much cash no reason for the stock to ever go down!
beating a dead horse....
im not seeing a mass exodus of people depart in BS(G), some idle talk so far but that's about it. also remember, for some people RSU peaks this year so they'll hold on. of course if price tanks down to 300 range they may opt to jump ship earlier. i know of 3 people waiting for 3/13/2023...and then bye bye...
on the other hand lets be real "Computer Associates" was never seen as a place to source top tech talent...it was a confederation of cr-p. right now...you mostly have B and C players and senior citizens that have no other place to go. as the stock price barrels. toward the $400 range... people might get antsy.
sorry this is the reality...after one year spent under the Broadcom regime (and less than a year at CA) i left...
I think what everyone seems to miss here is the cost to your career. Once you are branded as a Broadcom fossil you basically eliminate yourself from consideration to 75% potential employers. Most ex Broadcom are not current in technology. Basically the skill level is like hiring someone that retired in 90’s. Too harsh because you are using the cloud you say? Don’t fool yourself by thinking otherwise. Just because you put that monolith written 25 years ago into AWS service means little. Broadcom is where software and careers go to die.
With all the Bidenflation going on, what raises will we get for the rising cost of everything? 1%? 2%? ha
Are you seeing more resignations post bonus? I did not see it in software yet
Just by taking into consideration the trend of the stock value, I feel that you are not telling the full story. You were probably underpaid in an acquisition or a low performer.
I was underpaid in an acquisition, but simple maths of bonus + RSU and some interviews, shows me that I'm not loosing any money (quite the opposite).
Now, if I would dream to become a VP or CEO, then yes, it would be a waste of time, but that is not my case.
No idea why the reply from @2tlj+1e1zPvEm was downvoted. He/she is totally right, 2-4 years is the sweet spot to show you really tried in a previous position. The reasons of why it didn't work out are not necessarily relevant (culture, team or skill fitting, objectives etc), but if I were to look at a CV with at least 2 years in the latest position, I would expect the person tried, but "it just wasn't meant to be".
Job tenure can be seen on your resume. If you change every 1-2 years you may be seen as disloyal by potential employers, which can count against you when interviewing.
Personally, I think a term of 2-4 years is a good medium. You've stayed long enough to show your worth and if a company can't reward you for that then they don't deserve to keep you, that time period can also be used to justify a salary bump when negotiating new TCs - that's a story everyone in the industry can understand.