If the job pays more than 15% less than your prior job, I don’t think unemployment will require you to take it. Unemployment laws typically have a clause about “gainful, similar employment and compensation.” They don’t want you to be underemployed just to become employed. That said, you don’t ever owe a company your loyalty. It doesn’t even have to be about the bait and switch. What if you start and hate it? What if you get a week in and an offer for $40k more comes along? Your employment is about you and what’s best for you. That means today, tomorrow, on your first day, three weeks in, 20 weeks in, 15 years in. When you worry too much about effecting the business you work for, you start living to work. The whole point of a job is to make the life you want possible. Always make “work to live” your priority.
edited because I saw some other comments that need addressing:
A two months gap in tech is nothing. Nobody cares because everyone knows what is happening in the industry. Even a year gap means nothing in your industry, so don’t let the gap drive you to make fearful decisions.
you do have to tell unemployment about jobs you’ve applied for, and yes, they do call to check randomly. If you have applied for enough jobs to not have to list this one, then you wouldn’t have to report it at all. If you have already reported it, or end up having to, and they check it out just be calm and explain that the compensation is less than half what was discussed and is x amount less than you made before, and that it will not constitute gainful, similar employment.
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