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In 2000 I was lucky (?) to be working for a stable company developing a product with a bright future. During the dotcom boom, the main developers on the project
by HeyLaughingBoy 7y ago
In 2000 I was lucky (?) to be working for a stable company developing a product with a bright future. During the dotcom boom, the main developers on the project, including me, got retention bonuses so we wouldn't quit and run off to the Valley.
In 2008, at the same job, the company had instituted a hiring freeze, but we were still solidly profitable so we weren't really concerned.
In 2020, I've already taken a pay cut to help keep the business afloat (different company). Oh, well :-(
This, too, shall pass. But it's gonna suck for a while.
- cmurf 7y agoI cannot agree with this strategy at all. Pay cut requires a time cut. And with that extra time, do whatever you want, but one of those things might be finding alternatives. It is not your responsibility as an employee to prop up the business. SBA Payroll Protection Program. Your company could take out a loan and pay you 100%. 8 weeks is forgiven (strings are attached). The interest rate beyond 8 weeks loaned is 0.5%.
- bdcravens 7y ago$100k/year salary (prorated) is the cap, so depending, it may not cover everyone 100%
- HeyLaughingBoy 7y agoYou're right; it's not. But as an adult, I get to make that decision.