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0 pointshippari211mo ago0 comments

More like you are not allowed to work. Loss of work experience, loss network, not even accounting for inflation.

0 comments

I would welcome an opportunity to walk away from the entire tech industry with a guaranteed-for-life income, allowing me to pursue dreams without them needing to be financially viable. Setting up as a high end timber boat builder without ever needing to turn a profit while still having the same income I do now is something I'd jump at immediately.

davkan11mo ago

While I agree with the sentiment, you could lose that income at any time should they close to drop to non compete.

jaggederest11mo ago

Plus, nobody says you can't work in any other field you like, just not whatever you used to do.

Net present value of 50% of salary for the next 30 years is something like a million dollars for most HN commenters, I'd guess.

bruce51111mo ago

Except it's not "for life". It's until they feel free to lift the non-compete. My guess is that most information you take from a company is irrelevant in a couple years. Maybe 5 tops?

Plus it'd almost certainly end with zero notice. You'd get a email saying "you're free to go". Suddenly. After say 26 months.

So it's not like a "pension for life" - just a gap in your employment history.

1 more reply

sagarm11mo ago

And loss of negotiating power -- the company knows your BATNA is garden leave, and probably not a better offer.

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