My company (Aon) cut salaries by 20%, with a location-specific floor for lower wage workers, to avoid layoffs. I don’t love the paycut, but it is frankly a reli

My company (Aon) cut salaries by 20%, with a location-specific floor for lower wage workers, to avoid layoffs. I don’t love the paycut, but it is frankly a relief not to have to worry about layoffs (both personally and team-wise). Of course, our industries have not evaporated overnight, so it’s more of a measure to ride things out. Layoffs seem unavoidable for businesses in the service and travel industry.