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.
More like you are not allowed to work. Loss of work experience, loss network, not even accounting for inflation.
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.
While I agree with the sentiment, you could lose that income at any time should they close to drop to non compete.
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.
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And loss of negotiating power -- the company knows your BATNA is garden leave, and probably not a better offer.
For a lot of people, taking 50% of base salary (absent bonus/RSU/etc.) isn't very practical. Even if there's some alternative like Starbucks.
Doesn't mean you don't have to make the mortgage payment.