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At my company income is being cut. This is a relatively old, prosperous technology company, which survived the dot.com and after 8 years since then is lean and mean (and profitable). But recently they cut the company bonus, cut the stock purchase plan, and froze all raises etc. Back of the envelope says my income is about 15% lower at minimum. They also mentioned that outright pay cuts were considered, but taken off the table at this time. This is extraordinary, and highly deflationary.
Anybody seeing this elsewhere? If it gets legs then we will be in for a peck of fun.
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