Just got a 5% pay cut. First time my pay has decreased in 20 years. Recessions kind of suck.

Jan 31, 2023
7:48:35pm

Colorado All-American

I’ll be ok. It’s not a merit decrease, but a company wide cut. But still, this year is gonna kind of suck compared to the last several.

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Colorado

Previous username: cu-coug
Bio page: Colorado
Joined: Mar 3, 2011
Last login: Apr 25, 2024
Total posts: 15,762 (258 FO)

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Messages

Author

Time

Just got a 5% pay cut. First time my pay has decreased in 20 years. Recessions kind of suck.

Colorado All-American

1/31/23 7:48pm

Does not seem like that is in line with recent inflation levels . . .

viper

1/31/23 7:52pm

It is when your company is taking a huge hit because of increasing expenses

Vert der Frick

1/31/23 8:04pm

Second person I have heard this from tonight

El Careeb

1/31/23 7:57pm

Uber and Lyft have both recently raised prices while switching to a driver pay

UberDeek

1/31/23 8:04pm

Went through that in 2009. First 5% and then another 10% a month later

bluelands

1/31/23 8:09pm

Yikes. Truth be told, my pay is pretty heavily bonus and stock based and I’m already gonna make about 20% less this

Colorado

1/31/23 8:36pm

What industry?

UNLVcougar

1/31/23 8:17pm

Chip manufacturing 😃. But I’m a software guy.

Colorado

1/31/23 8:33pm

Is there a significant amount being moved out of China?

UNLVcougar

1/31/23 8:41pm

Not sure. I don’t think we have any manufacturing there anyway.

Colorado

1/31/23 9:39pm

Intel failed badly over the last five years. Fallout was always going to tough.

BYU'01

1/31/23 10:48pm

Forgot to mention the no raise, promo, bonus, and a cut to 401k match too 🤬

doctorthunderpants

2/1/23 12:19am

Yeah, I was already down way more than 5% before the announcement based on stock and bonuses alone.

Colorado

2/1/23 6:13am

RE: Yeah, I was already down way more than 5% before the announcement based on

doctorthunderpants

2/1/23 8:57am

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