1.0
30 Mar 2020
Recommend
CEO approval
Business outlook
Pros
They will tell you “at least you have a job”.
Cons
During this pandemic the company has decided to cut everyone’s salary across the board by 20%. The company will tell you it’s their way of making sure that no one gets laid off. What they won’t tell you is that they are really taking this opportunity to get the same amount of work from their workforce at a 20% savings. They are also laying the foundation for a lay-off by minimizing their unemployment liability by reducing the salaries by 20%. This way, if the economy does not rebound, they can lay people off at a 20% unemployment insurance benefit savings. If the economy rebounds, they will make everyone fight for their 20% salaries again.