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Edited the question to include 'temporary'. You would pay them back in the future, after the company has recovered from the economic setback. I'm asking the qu
by pHollda 4y ago
Edited the question to include 'temporary'. You would pay them back in the future, after the company has recovered from the economic setback.
I'm asking the question in the context of the current downturn. Say the need to reduce burn were not a result of poor hiring decisions, but larger macro reasons like difficulty raising funding in the face of a general downturn.
- bombcar 4y agoIt has been done in some cases (small startups, for example) - I was involved in one where the boss pay went to $1 and everyone went to minimum wage for a bit until funding came in. First time it worked and we got back paid, second time boss recommended everyone take the offer but also start looking for work.