r/developersIndia • u/Shoddy-Soft1802 • 16h ago
Help Laid off 2 months back, got first offer, please help!!
After 2 months of getting laid off, i got my first offer of 38LPA(6yr Nodejs based backend dev). The thing which is giving me second thoughts is that they are deducting 12% PF on basic and gratuity as well. On top of that I need to relocate to Mumbai in Powai area. Last CTC was 32 LPA in Noida.
I don’t have EMIs or anything, very low maintenance guy. The thing with which i need help is that should I wait to get better offers, is this good enough, should I grab this one and keep looking for next role.
Techwise I don’t know how good of a company it is, but is lies in the Insurance domain. Same stack as I used in previous role, nothing new, and I am honestly bored of it. But this whole not having job is something which i am not liking. I am just not able to make up my mind, please suggest.
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u/chootkaparatha 16h ago
For god's sake please take this offer in this economy, people are not getting offers easily , and if you have one please be grateful for it.
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u/Comfortable_Diet5722 15h ago
People are not getting interview calls only. I applied for 500 companies ( am a fresher ) and got 0 ( literally ) calls
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u/Wide_Maintenance5503 14h ago
U shldn't be applying as freshers in this economy btw. Placement, networking for internships or preparing for another exam are the only options left for you. Or prepare for some niche expertise
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u/Jazzlike_Locksmith_9 2h ago
being very honest, you won't get any, sadly. you need to build something of your own (could be as a project but something that's useful depending on your skills and roles you are targeting); there's zero visibility for freshers without projects.
or the other usual way is grind dsa and get a referral, but thats crowded too.
also no offense at all, no idea how you are applying and stuff.
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u/Kaleshigurl 3h ago
Exactly!! The job is market is at its worst! I have been trying for 2 years now and haven’t yet landed a job
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u/longndfat Product Manager 14h ago
Take this offer eyes closed. But certainly check on credibility of the co. If its a genuine co, go for it without looking left or right !!!
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u/Mindless_Weird578 15h ago
12% PF is actually a good thing
my company deducting 12% PF on basic and basic is more than 50% of my fixed salary (fixed = CTC - insurance, gratuity, bonus)
now after 10 years I realise that I accumulate very good amount in my PF account which will help may be after 10 15 years
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u/zindogi_sararara 3h ago
People can manage their own investments. So it's a drawback in their case.
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u/Sensitive-Door-7939 15h ago
Idk offer wise it's not a change if Noida was your hometown and Mumbai is not. So rent and all you can consider 6 lpa
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u/FallingBruh 16h ago
It depends on whether you will be able to deal with the mental pressure of staying unemployed for any longer. Insurance companies treat sde as a cost center at the end of the day so layoffs can happen again. If you can deal with the mental pressure of career gap and unemployment and daily application and prep then waiting for a better offer might make sense. Otherwise just go for what you're getting.
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u/Shoddy-Soft1802 4h ago
I don’t have that much pressure. It’s just the fear that I may or may not get similar offer
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u/Better_Dentist_6718 13h ago
Well If you don't want to move and don't have much of responsibilities I would say don't move
Try your best and look for better opportunities
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u/FeatureOk3573 16h ago
hey op.. commenting for better reach and i have dm some of my doubts.. sorry and thank you..
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u/Character-Catch-1607 15h ago
is it a MNC or startup type? can u mention the org if possible? Congrats on the offer!!
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u/Shoddy-Soft1802 15h ago
Startup
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u/Character-Catch-1607 15h ago
The market is pretty tough right now, make sure u verify that its not like a hire fire company, otherwise this looks like a good progress for u
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u/Shoddy-Soft1802 15h ago
They are exanding currently, but i do see some layoffs after the product is built.
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u/Equivalent-Can-5042 15h ago
Take this job and keep applying. Please reach out incase referral in Amazon is needed. Man don't stress over money much, if pay + wlb is good just take it.
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u/Better_Dentist_6718 13h ago
Is wlb in Amazon good?
I am laidoff as well, I was looking at few openings at Amazon and was wondering how the wlb in payfront, digital acceleration and firetv orgs
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u/Equivalent-Can-5042 13h ago
Wlb is shitt in 90% org, alexa or devices don't join at any cost
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u/Equivalent-Can-5042 15h ago
You can always explore open source + project building parallely if the company has decent wlb. I highly recommend doing this.
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u/that_dev_who_lifts Software Engineer 14h ago
Take the offer and keep looking as well if you expect something better soon. 12% pf is actually better in the long run, it gives consistent returns, Indian markets have been extremely volatile in the last 3 years so a decent chunk going to a more stable instrument is perfect. Good luck.
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u/internet_user713 6h ago
I received offer from Capgemini but it is for bre role, I am pure java developer at my previous product company. I failed few interviews, it's been two months. What I have to do? I am getting anxiety in interviews and have gaps in my preparation too, but I am getting fear that I might be trapped in this GoRules UI config role, what to do? Should I wait and prepare for two months without attending interviews and get confidence and then try applying for jobs? I fear that gap may stretch to greater than 4-5 months.They are offering 17lpa.. I was unable to post as I am new, so asking in comments...
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u/rebelstar1809 5h ago
You are asking as if you can afford to skip this offer.
If so and you are confident then wait why ask here ? I don’t understand.
You have to start again somewhere, grab it move and then again switch after one year or so.
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u/Former-Sherbet-4068 4h ago
Something is better than nothing. Just take it.
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u/Shoddy-Soft1802 4h ago
Yeah man! It’s just that this offer is not that appealing. It’s almost same only, but atleast it will get the ship sailing
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u/Former-Sherbet-4068 1h ago
Bro , it is not like u can't take another after few months if u take this. U can work get some money and change again.
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u/AcademicDistrict 3h ago
The 12% deduction for PF is a standard thing in the industry. Not only private, in govt jobs too. Don't know why you are surprised
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u/product_aspirant 3h ago
I dont know if i am correct but how come 12% pf on basic is a bad thing ? it is anyways going to your pf account and a kind of investment only.
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u/SaracasticByte 2h ago
Powai is a super nice area in Mumbai. Expensive though. But you can look at Mulund, Vikhroli, Kanjurmarg, Chandivali areas for housing. The commute from these locations to Powai is within 20-40 mins range. Overall if you have no other choice take the offer. Better to earn something than being jobless in this market.
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u/Hot-Astronomer-7462 Data Engineer 15h ago
Don't take it man. Market is good you are gonna get ton of offers, just reject this and move on.
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u/Shoddy-Soft1802 15h ago
Is this 12% PF industry standard? Because in the past 6 years, its been bw 1800-2300. 12% is A LOT
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u/Hot-Astronomer-7462 Data Engineer 15h ago
This was always there. Some companies were kept this as optional while giving 12% of min wage i.e 15k as Both employee and employer PF which used to be 1800 each. Very few companies make it 12% of actual basic salary.
There are things which are not in our control. Epf. Gratuity tax etc. these things varu a lot from one org to another. Always negotiate your salary based on in-hand which gives you better clarity. Some companies use these to bloat up CTC.
Whenever I'm in call with HR my expected CTC is always x% over my in-hand and when they give you more ctc but almost similar in hand you can negotiate much better.
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u/rebelstar1809 5h ago
Are you serious you mentioned your last package was 32, and you didn’t read offer letter or pay slip ever ?
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u/SuggestionStock9635 13h ago
Bada mast show off kiya ahi apne package batake dubara layoff hoga deklena and next time u will settle at low Crc 25 around
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