So, times are tough in the tech world and my company decided that in addition to no bonuses/ stocks for the foreseeable future, they also want to stop matching our 401k contributions.
They say this is temporary, but it’s already been 6 months. I’m in my early 30s, so I still have quite some time before retiring. These small differences now will compound in the long run, and I’m starting to think I should look for a new job.
Does my view of these small missed contributions actually being a big deal make sense, or is it something I should wait out?
At the very least that is a sign to dust off your resume and get it ready to post up the second they lay you off. And if you want to be proactive, look around and I bet you’ll find something out there that matches or exceeds your current salary. I know certain sectors of the economy are booming right now. It’s ridiculously hard to find programmers. (We’ve been trying to fill a slot in Tucson for a Microsoft full stack dev for like 6 months now. Although that is partly because corporate has posted an absolutely terrible job description with no salaray, and can’t be bothered to fix it.)
Thank you for the suggestion. Yeah, I’m a systems engineer in the storage space. Things were booming the last few years, but now we’re in a slump. I know the market is cyclical, but I’ve never worked somewhere where they decided touching the 401k’s was a viable option. I’ll look at some other sectors :)