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Not necessarily; few employees are willing to take a pay cut - that is why 5% of staff are laid off, rather than everyone in the company taking a 5% cut. The l
by SilliMon 13y ago
Not necessarily; few employees are willing to take a pay cut - that is why 5% of staff are laid off, rather than everyone in the company taking a 5% cut.
The latter would probably be more efficient for the company. However many workers would start looking for a better job.
- chris_wot 13y agoRubbish. The entirety of EMC got a 5% pay cut two years ago, and there were people who actually thanked EMC management for doing so. A week later they made a billion dollar acquisition, and they still made a good profit. Don't tell me that folks won't take a paycut. They'll take one, and be grateful!