This blog post is incredibly silly, IMO. The reason wages are being cut is because revenue has dropped through the floor, and companies have to make their book

This blog post is incredibly silly, IMO. The reason wages are being cut is because revenue has dropped through the floor, and companies have to make their books balance. This is not an incredible mystery. The comparison to the 2008 financial crisis is not relevant; that was a financial crisis that affected availability of capital. The coronavirus is an operational crisis, so of course operations (which includes salaries) are more heavily affected.