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There tends to be a self-fulfilling aspect of this. Some good people might not leave just because of a 10% pay cut -- but others would, and the ones who plan to
by twblalock 4y ago
There tends to be a self-fulfilling aspect of this. Some good people might not leave just because of a 10% pay cut -- but others would, and the ones who plan to stay will suffer the consequences of that happening.
It's demoralizing, it creates an impression that the company is a sinking ship, the workload for the people who stay will increase to cover for the people who left, and the overall quality of coworkers moves in a bad direction. Those are all pretty good non-money reasons to want to leave.
Tech workers have options, even in today's job market. If you work at the only auto parts plant in your region and pay cuts might be necessary to save the company, the logic is different.
- Apocryphon 4y agoAnd layoffs are even more demoralizing. They’re like pay cuts but even more extreme. Companies always factor in voluntary attrition after layoffs.
- twblalock 4y agoThat's true, and I mentioned that what Google is doing now is also demoralizing, but consider the following: With layoffs, you either get screwed or you don't. With company-wide pay cuts, everyone gets screwed.
- Apocryphon 4y agoThe ones who get screwed with layoffs aren't just the ones who let go. They're the ones who have to stay and clean up the mess afterwards. Also it opens up the floodgates to the possibility of further layoffs, where you might still get screwed.