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re: 50% Salary Cut

Posted on 3/16/20 at 7:49 pm to
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
76158 posts
Posted on 3/16/20 at 7:49 pm to
quote:

Take it out of profits.



You are assuming there are profits.


Instead I would take the 50 then when business gets back right ask to be compensated.
Posted by lsutiger2010
Member since Aug 2008
14790 posts
Posted on 3/16/20 at 7:50 pm to
(no message)
This post was edited on 10/19/21 at 12:01 am
Posted by Chad504boy
4 posts
Member since Feb 2005
175971 posts
Posted on 3/16/20 at 7:50 pm to
Go work for Amazon?
Posted by PrivatePublic
Member since Nov 2012
17848 posts
Posted on 3/16/20 at 7:51 pm to
Tell him fine but you'll be doing 50% less work
Posted by phutureisyic
New Orleans
Member since Aug 2016
3513 posts
Posted on 3/16/20 at 7:53 pm to
I got laid off last month and had a few interviews that just got canceled. Start calling all your bill companies and they will work with you. Good luck to you and your family.
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
22984 posts
Posted on 3/16/20 at 7:55 pm to

But hey, it’s ok for your family to be homeless or end up on the public dole so we can stretch out the timeline of this illness that will be mild for most of us. We shouldn’t even consider protecting only the most vulnerable so we don’t trash our society.
Posted by SSpaniel
Germantown
Member since Feb 2013
29658 posts
Posted on 3/16/20 at 7:56 pm to
quote:

Boss man is using the hysteria to save him some cash. I’d ask to see the books or tell him to GFY
Posted by Rebel
Graceland
Member since Jan 2005
141379 posts
Posted on 3/16/20 at 7:56 pm to
Will you be working less?

Is your business taking a 50% hit?

If not just take the guaranteed FMLA at 66% pay and stay at home.
Posted by TDcline
American Gardens building 11th flor
Member since Aug 2015
9489 posts
Posted on 3/16/20 at 7:58 pm to
If he actually shows you the books and it’s as bad as he’s projecting, tell him you’ll gladly accept a 50% cut (while you look for another job)
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 3/16/20 at 7:58 pm to
quote:

Boss man is using the hysteria to save him some cash.

Most likely. Is he taking a pay cut also?
Posted by Chuck Barris
Member since Apr 2013
2880 posts
Posted on 3/16/20 at 7:58 pm to
quote:

Sounds like your company lives paycheck to paycheck
The company should have been more responsible instead of wasting all their money on avocado toast and $5 lattes.
Posted by LSURussian
Member since Feb 2005
133532 posts
Posted on 3/16/20 at 8:00 pm to
Tell your boss if he thinks you’re going to accept a 50% pay cut just so you can keep your job then he is absolutely right...
Posted by Bruco
Charlotte, NC
Member since Aug 2016
3017 posts
Posted on 3/16/20 at 8:00 pm to
quote:

Boss man is using the hysteria to save him some cash. I’d ask to see the books or tell him to GFY


A lot of people would really surprised to see what low margins a lot of industries operate under and how tight cash flow can get in a hurry.

And It’s not just about profit, it’s about near term cash flow.
Posted by yellowfin
Coastal Bar
Member since May 2006
98745 posts
Posted on 3/16/20 at 8:01 pm to
Take it and look for another job in the meantime
Posted by rcrdav24
Member since Jul 2015
85 posts
Posted on 3/16/20 at 8:03 pm to
I know the company has been making money but just has a lot of projects canceled or put on hold indefinitely. They always talk about taking the good with the bad when your salary but when you are always working 70+ hours a week a take one week a year for vacation then this happens... it's more like taking the bad with the worse. I have sent them a response pleading my case that my workload will not be affected as much as others. Hopefully they will have a positive response in the morning or I guess I will start looking for other options.
Posted by Ponchy Tiger
Ponchatoula
Member since Aug 2004
48792 posts
Posted on 3/16/20 at 8:05 pm to
If you are on salary and in management and you can’t go a month on a 50% cut you are terrible at managing you money
Posted by tketaco
Sunnyside, Houston
Member since Jan 2010
21484 posts
Posted on 3/16/20 at 8:06 pm to
We're going to the Gold Standard. That's why.
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
12312 posts
Posted on 3/16/20 at 8:08 pm to
Baw, I just got told to stay home the rest of the month. I sell really expensive medical equipment that requires in person meetings, ain’t nobody spending that money over the phone. Hello 100% paycut!
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
70565 posts
Posted on 3/16/20 at 8:17 pm to
Time to check your boss’s knuckles.
Posted by AUCE05
Member since Dec 2009
44881 posts
Posted on 3/16/20 at 8:18 pm to
Depends what management makes. 400k? Sure. 100k? I am looking to bounce.
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