My company did this as well. People over $X had to take a cut. One additional reason is how the PPP is written. Only the first $100K of an employee's salary is

My company did this as well. People over $X had to take a cut. One additional reason is how the PPP is written. Only the first $100K of an employee's salary is using in the PPP loan amount calculation. Cutting people closer to that mark gives them the maximum free money without using up cash savings.