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Jan 31, 2023
8:09
:00
pm
bluelands
Truly Addicted User
Went through that in 2009. First 5% and then another 10% a month later
Everybody in the company. Then they reviewed job titles and some took another 25% hit. People were literally crying at their desks.
I went out on my own for the next six years and tripled my take home. It was brutal but the wife sure was happy.
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bluelands
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bluelands
Joined
Aug 16, 2002
Last login
May 5, 2023
Total posts
52,694 (564 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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