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Started By
Message
Company Wide Pay Reductions
Posted on 5/14/15 at 1:35 pm
Posted on 5/14/15 at 1:35 pm
I work for an oil and gas engineering and design consulting company. After several rounds of layoffs the last few months, they have announced company wide pay reductions just as I am really starting to get in a good routine of putting a large chunk of my income into savings.
This sucks. I guess be thankful I still have a job...
This sucks. I guess be thankful I still have a job...
3
Posted on 5/14/15 at 2:08 pm to elleshoo9
quote:
This sucks. I guess be thankful I still have a job...
yup
Good luck man
Posted on 5/14/15 at 2:39 pm to elleshoo9
been there, done that, have the t-shirt. They changed our bonus plan a few years ago, which was a defacto 10% pay cut, even though the raised OTE by 10k. They just raised quotas even more, completely unrealistic.
They took our car allowance, now they are taking our phone re-imbursement. The strange thing is we have 20% turnover and mgmt is freaking out about that. Well maybe not cutting people's pay and benefit is a place to start!
Good luck! yes at least you still have a job.
They took our car allowance, now they are taking our phone re-imbursement. The strange thing is we have 20% turnover and mgmt is freaking out about that. Well maybe not cutting people's pay and benefit is a place to start!
Good luck! yes at least you still have a job.
Posted on 5/14/15 at 3:03 pm to elleshoo9
Time to start looking for another job it sounds like
Posted on 5/14/15 at 3:22 pm to Hawkeye95
quote:
Hawkeye95
quote:
They just raised quotas even more, completely unrealistic
quote:
we have 20% turnover and mgmt is freaking out about that.
If you're in sales-related positions, 20% employee churn is a fairly good number.
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