It sounds like the ultimate hack against corporate America. If a company can fire you without notice, why shouldn't you diversify your income streams by secretly working for two of them?
I have interviewed dozens of candidates who were secretly OE. I have also watched several of them spectacularly crash and burn. Here is the unvarnished reality of trying to hold two remote startup jobs.
The Math is Seductive
Let's look at the numbers. Job 1 (J1) pays $140K. Job 2 (J2) pays $130K. Suddenly, you are making $270K. You can max out two 401(k)s (up to the IRS combined limit). You can pay off your mortgage in three years.
The premise of OE relies on the "Pareto Principle of Incompetence"—the idea that 80% of corporate work is performative nonsense, and if you just do the core 20%, nobody will notice you are missing.
The Calendar Collision Crisis
Here is where the Reddit fantasy meets reality. Startups are not sleepy Fortune 500 companies where you can hide in the bureaucracy. Startups are chaotic, high-visibility environments.
The first major hurdle is the Calendar Collision. J1 schedules an urgent "all-hands" at 10 AM. J2's lead engineer suddenly pings you for a pair-programming session at 10:05 AM. You are now trying to listen to a CEO talk about Q3 metrics in your left earbud while debugging a React component in your right earbud.
This is not "working smart." This is a fast track to a nervous breakdown.
The Legal and Reputational Risks
Is it illegal? Usually, no (unless you are violating a specific non-compete or working for the government). But it is almost certainly a violation of your employment contract.
If you get caught—and people usually get caught because of a frozen LinkedIn profile, a leaked background check from Equifax (The Work Number), or a careless screen share—you will be fired for cause from both jobs.
More importantly, the tech world is incredibly small. If you burn bridges at two Series B startups because you were constantly "having wifi issues" during critical deployments, word travels. Your reputation is your highest-leverage asset. Trading it for an extra year of salary is a terrible ROI.
If you are bored enough at your job to consider getting a second one, the real solution isn't OE. The solution is finding one job that actually challenges you and pays you what you are worth.