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08-23-2012, 11:35 PM
  #14
Hockey Team
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Join Date: Dec 2009
Location: New York, NY
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I got what was essentially a salary cut once. I more or less just dragged my feet and cut work as much as I could for the next year or so until I got fired.

If you need to cut the payroll by 20% (just throwing out a #), I think it's better to fire 20% of your workforce versus keeping everyone and cutting everyone's pay by 20%. The former option leaves you with 80% of a motivated workforce, the latter leaves you with your whole workforce but they all resent you now.

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