over COVID, the company i worked for did the best possible thing: they called an all hands and said they didn’t want to let anyone go, but would likely need to unless everyone took a voluntary 20% pay cut for a bit… they expressed that not everyone is in the position to do that, and if you can’t you shouldn’t feel bad… executives and leadership making the decision took a 40% pay cut for the same period, and any profit that the company made went to reimburse people’s salaries in proportion to the amount they lost. because they were honest, and sacrificed more themselves the buy in was something like 95%, they didn’t have to fire anyone, and we ended up getting about half of it back…
That’s great. It’s like you were temporarily a worker’s co-op.
I remember my company at the time also admitted that COVID was threatening the bottom line and many in the all hands and public chats suggested just what your company did.
Instead we got multiple rounds of gutting layoffs mid-pandemic, a mass exodus of core talent, and the founders selling out to some B tier silicon valley fucks who fly in every now and then to complain about morale.
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over COVID, the company i worked for did the best possible thing: they called an all hands and said they didn’t want to let anyone go, but would likely need to unless everyone took a voluntary 20% pay cut for a bit… they expressed that not everyone is in the position to do that, and if you can’t you shouldn’t feel bad… executives and leadership making the decision took a 40% pay cut for the same period, and any profit that the company made went to reimburse people’s salaries in proportion to the amount they lost. because they were honest, and sacrificed more themselves the buy in was something like 95%, they didn’t have to fire anyone, and we ended up getting about half of it back…
That’s great. It’s like you were temporarily a worker’s co-op.
I remember my company at the time also admitted that COVID was threatening the bottom line and many in the all hands and public chats suggested just what your company did.
Instead we got multiple rounds of gutting layoffs mid-pandemic, a mass exodus of core talent, and the founders selling out to some B tier silicon valley fucks who fly in every now and then to complain about morale.