Your boss just told you and your colleagues that you're all getting 30% pay cuts. What do you do? How do you react? First of all, look at it from your company's perspective. This was probably the better of two shitty choices. If the company needs to slash costs in a recessionary environment it has few options and little time to make those choices. Often, an impending debt payment puts a hard deadline on the need for cash. Missing a debt repayment risks the life of the entire company.
Your Pay Just Got Cut: Now What?
Your Pay Just Got Cut: Now What?
Your Pay Just Got Cut: Now What?
Your boss just told you and your colleagues that you're all getting 30% pay cuts. What do you do? How do you react? First of all, look at it from your company's perspective. This was probably the better of two shitty choices. If the company needs to slash costs in a recessionary environment it has few options and little time to make those choices. Often, an impending debt payment puts a hard deadline on the need for cash. Missing a debt repayment risks the life of the entire company.