Pay Cuts vs Layoffs
Discussions center on executives and employees taking pay cuts as an alternative to layoffs, debating their fairness, effectiveness in cost-saving, and impacts on retention versus severance costs.
Activity Over Time
Top Contributors
Keywords
Sample Comments
Why should they take a pay cut?
Dont forget manager bonuses for cutting x jobs.
More than having their salary cut by 10%?
It's not like him halving his compensation makes any material difference in the ability of the company to avoid layoffs.
when you're making 6 million a year, a 250k cut is inconsequentialmy guess is they're doing this to make people feel like they're taking accountability
They're effectively giving you a pay-cut.
Makes perfect sense if they’re trying to downsize without paying severance/unemployment.
They can take a pay cut Why is it always a race to the bottom...?
Not sure why it's thought of as "backfire"? The companies can't cut pay to existing employees. So this how they will cut compensation expenses.
They dont want you to know everybody took a pay cut.