You're company decided to give you a pay cut. They wrapped that present around reasons like a buy out, but that's what they did. Who cares if it's your new mana

You're company decided to give you a pay cut. They wrapped that present around reasons like a buy out, but that's what they did. Who cares if it's your new management or old management, it's your employer and that was what they chose to do. It's no different than if they said hey, we're going to pay you less money every paycheck, because <reasons>. All you can do is ask if your remaining pay is worth the work you do.