|SoundCloud has deferred salary reviews until the next funding round is complete.|
Over the last few years, travel between offices has been restricted to business critical travel only.
More expensive food items have started disappearing from our kitchen.
Employees used to get a small bottle of champagne on their birthdays & employment anniversaries.
This doesn't happen anymore.
All of the above feels reasonable.
However, they recently announced that the July 1 salary review that everyone was promised will be deferred.
There is no information about back pay or a date about when the next salary review will happen.
Salary increases are predicated on the next round of funding.
They anticipate that the round will close over the next couple of months, if not weeks.
I'm sure that everyone here will have been in similar situations before.
What did you do? And, how did you decide whether to continue working or start looking for other opportunities.
Also, what other arrangements, we, as employees should consider putting forward.
Example: I'd be okay working 4 days weeks, until the salary review is complete.
What questions should we ask our founders that'll help us build confidence that the company's financials are in a reasonable shape?