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The 20% number comes from the expected revenue hit companies are looking at. Honestly, they're doing it because they can get away with it right now. What do you
by wayoutthere 7y ago
The 20% number comes from the expected revenue hit companies are looking at. Honestly, they're doing it because they can get away with it right now. What do you want to bet that many of these 20% salary reductions will be permanent?
In my view, these companies can fuck right off. They're not paying their workers more when they have a great quarter, so why should they pay people less when things aren't going well? I suspect the companies that cut pay / furloughed a significant amount of workers will have a hard time hiring when this is all over.
- valuearb 7y agoIt’s kind of hard to pay 100% when you don’t have the same revenues. And what they pay is driven by market economics, in good quarters and bad.
- seankimdesign 7y agoThe reduction in pay comes with a reduction in workload. Which means that for most companies adopting the 20% paycut, they are also transitioning into a 4-day work week. Its hardly a related to some corporate greed trying to squeeze their workers, but a sign of desperate measures for desperate times.
- batmaniam 7y agoI have a hard time believing that workload is reduced. In theory it makes sense, but companies are not charities, and unless the government makes it the rule that workload gets reduced, I think it's just gonna be a direct paycut.