Reduced salary

[Anonymous]

My employer is reducing my salary because of loosing revenue, clients. I started at over 200 k and now they want me bring down to 135k. Would you take this considering the economy. I am in corporate senior manager

[Anonymous]

That's a pretty huge hit. I guess I would have to take it but then I would be searching for new jobs.

Unless you love this job or it offers some sort of wonderful work-life balance.

During covid, my company had temporary salary cuts of 20%. I thought that was bad but it was temporary and not as much as you're getting cut.

[Anonymous]

Keep working but immediately start looking for a new job. It’s easier to get hired while you’re still employed.

[Anonymous]

Can you negotiate a more flexible schedule and remote?

[Anonymous]

Anonymous wrote:My employer is reducing my salary because of loosing revenue, clients. I started at over 200 k and now they want me bring down to 135k. Would you take this considering the economy. I am in corporate senior manager

Sure, but your workweek is now 26 hours. If they’ve lost clients they don’t need you 40+ hours per week. The 24 hours should be spent job searching.

If they’ve lost clients fire you, they’ll pay 200k or more for a comparable candidate.

[Anonymous]

So Your options are to accept or leave without another job? Do you have enough savings for a long term period of unemployment? Do you have someone willing and able to support you for a long
Period? Will you Command a $200k salary in the current job market?

[Anonymous]

Negotiate. There is nothing out there.

[Anonymous]

I'd push back and immediately start looking for other jobs. If your employer is doing this, it's likely in a bad financial spot and you're going to need another job soon anyway.

[Anonymous]

You’ll have to “take it”. What’s the alternative? Unemployment? As someone else mentioned, there’s nothing out there.

A couple years ago I took a similar pay cut. It was hell but we adjusted our finances and made it work. You’ll figure it out, too I promise.

[Anonymous]

Have them define it as -not- full time. That's the only way to save face. If you don't save face, you'll never get it back-up to 200K.

If they don't have the clients, they don't need you full time, anyway.

[Anonymous]

Take it, negotiate work from home and every Friday off. Paid less = work less

Then look for a new job.

[Anonymous]

Anonymous wrote:Take it, negotiate work from home and every Friday off. Paid less = work less

Then look for a new job.

If business picks up and you are back to 40 hours, your salary should go back to 200k. This is a 33% cut.

[Anonymous]

Anonymous wrote:Have them define it as -not- full time. That's the only way to save face. If you don't save face, you'll never get it back-up to 200K.

If they don't have the clients, they don't need you full time, anyway.

This could be a problem with health insurance if OP gets health insurance through their job. Some plans only cover full time employees or cover part time employees at a higher cost to the employee.

[Anonymous]

THey are trying to push you out. Start looking for a job now.

[Anonymous]

Negotiate if they are telling the truth. But, in my experience, this is usually an attempt to get you to quit. Theyve essentially cut your pay in half.