Hacker News new | past | comments | ask | show | jobs | submit login

That would suck so much, taking a 30% paycut just in the past 7 months due to this.



According the ECB[1] data on 24 Jan 2017 the exchange rate was 1 EUR = 1.0514 USD and today is 1 EUR = 1.1806 USD so we have:

    (1.1806-1.0748)/1.0748 = 0.0984 => 0.0984 * 100 = 9.84% 
How exactly did you manage to lose 30%?

[1] https://www.ecb.europa.eu/stats/policy_and_exchange_rates/eu...


Then take another time span, but the currency fluctuations are so large that it becomes the largest factor to how much you actually take home.

I definitely wouldn't want that.

(I misremembered which currency fell 30% against the Euro, it was the pound instead)


It would also suck for the company to have payroll costs increase 30% because one of their remote devs happens to live in another country :)


The company can always re-negotiate, but a 30% paycut might mean you can’t afford your rent or mortgage anymore.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: