4 ms·
> In the U.S., the salary cut is 30% for vice presidents and above, 20% for directors and above, and 10% for others, according to an internal memo seen by Bloom
by bpodgursky 7y ago
> In the U.S., the salary cut is 30% for vice presidents and above, 20% for directors and above, and 10% for others, according to an internal memo seen by Bloomberg. Workers outside the U.S. will see similar reductions. Employees who haven’t been assigned to critical tasks and who can’t work from home will be furloughed without pay, though they will keep health-care benefits.
Come on, this is even in the paywall blurb. Common employees are at a 10% cut.
If they can get idle factories without mass layoffs, good for them and for their workforce.
- m_eiman 7y ago> Employees who haven’t been assigned to critical tasks and who can’t work from home will be furloughed without pay, though they will keep health-care benefits. That sounds more like 100% than 10% to me.
- modeless 7y agoBut those employees will be eligible for CA unemployment insurance, which will pay them a large fraction of their normal pay for 26 weeks, plus the new $600 weekly federal checks (which in the case of part time or low paid employees can actually make their unemployment checks larger than their regular after tax pay).
- hereicome 7y agoYou should be kinda careful. Since you know so much about this issue. Cancel culture is watching you
- Rebelgecko 7y agoCA unemployment insurance is capped at $450, right?