4 ms·
As someone who was recently laid off at one of these % cuts at another company, these cuts target specific groups, for instance people who have higher salaries.
by adamors 4y ago
As someone who was recently laid off at one of these % cuts at another company, these cuts target specific groups, for instance people who have higher salaries. Well paid people won't just quit.
- travisgriggs 4y agoI’ve seen this happen over the years and I’m always curious why there isn’t a discussion beforehand that offers the “overearners” a chance to stay at a reduced salary. I’ve asked people who were in those positions, and they’ve often indicated that they would have stayed at a lower salary, at least for a while.
- adamors 4y agoI would have stayed on with temporary pay cut, especially in this economy. I think it comes down to bad management, my direct manager didn’t even know I was getting cut.
- greedo 4y agoLower salaries really are just paying employees to look for new jobs on the company's dime. If my pay was lowered 10%, I'd be looking immediately. At one of the companies I worked at, the strategy was the opposite. Lower employee salaries in the hopes that people would quit.