My last startup made the decision to change plans which cut benefits across the board as well.
However, they made across the board salary increases to offset these costs.
Great company. Great culture. Great people.
But I still made the decision to switch to a FAANG for the comp increase.
Here's my recommendation:
1. Take a breather. Things are really good for engineers right now, and it'll be ok.
2. Ask your manager about this in your next meeting. Explicitly state that it represents a comp decrease. They should respect that concern (even if they can't do anything)
3. Get an offer elsewhere. Everyone thinks they're underpaid. Offers represent the truth.
However, they made across the board salary increases to offset these costs.
Great company. Great culture. Great people.
But I still made the decision to switch to a FAANG for the comp increase.
Here's my recommendation:
1. Take a breather. Things are really good for engineers right now, and it'll be ok.
2. Ask your manager about this in your next meeting. Explicitly state that it represents a comp decrease. They should respect that concern (even if they can't do anything)
3. Get an offer elsewhere. Everyone thinks they're underpaid. Offers represent the truth.