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I can't read the full article because of paywall. But the headline: > Uber Managers Asked for Pay Cut to Save Jobs. The CEO Said No In a small startup the "co
by seibelj 6y ago
I can't read the full article because of paywall. But the headline:
> Uber Managers Asked for Pay Cut to Save Jobs. The CEO Said No
In a small startup the "company-wide pay cuts" might fly for a while, if everyone is truly motivated. But in a massive public company, where the majority doesn't feel connected to leadership, this would never work. The star employees would jump ship immediately if there weren't carve-outs for some people to avoid the cuts, which defeats the whole "we are in this together" purpose of the company-wide pay cuts.
I'll say this straight - if I was a non-upper management employee and they asked me to lose 25% of my income, I would leave ASAP.
- marcinzm 6y agoExcept the market is rather bad right now due to all the engineers looking for jobs and all the companies with hiring freezes.