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.

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

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 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.

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

Then look for a new job.

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.

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.

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.

Negotiate. There is nothing out there.

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 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.

Can you negotiate a more flexible schedule and remote?

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

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.

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