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[Case Study] How to Quit Your Job The Right Way (w/ ex-Netflix TL Michael Lin)

Michael famously quit his $450,000 job at Netflix, and asked for (and received) a severance package in the process! If you're thinking about quitting your job, consider these points before leaving:

Timing is important

  • It’s better to leave on the 1st of the month than the 31st because employee benefits renew on a monthly basis.
  • If you leave on the 1st, it’s like getting a full extra month of benefits.
  • But if you leave on the 31st, your benefits may end the next day.

Quitting is a trade-off

  • You’re weighing that the negatives of staying outweigh the negatives of losing out on income.
  • If you have to cut vacations, move away from loved ones, and say no to social events, then those negatives may outweigh the negatives of your job.

Act with urgency

  • If your career is not going the right way, take action quickly.
  • If you stay an extra two years at a job you wanted to leave and did this over five jobs in your lifetime, that’s ten years of your life spent doing work you never wanted to do.

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