COVID-Related Salary Cuts/Adjustments
Hello everyone, our company recently announced on Thursday July 30th that due to COVID every salaried employee would take a 10% salary reduction effective August 1st, temporary but indefinite based on leadership discretion. The option was a salary deferral from August 1st through December 31st, with no 10% reduction. This sounds to me like an interest-free loan to the company.
We had to submit our decision by Friday 31st, so I've already made my decision, but curious what everyone thinks or if anyone is going through the same issue. I guess I'm tired of being told to be thankful that I have a job. I've heard that long enough.