pay cut
Smaller paycheck now
A pay cut is a reduction in wages or salary.
Employers impose pay cuts during financial difficulties, or workers accept them to keep jobs: Everyone took a 10% pay cut to avoid layoffs.
The opposite is a pay raise.
Lowered compensation from employer
- demotionReduction in status
- downgradeReduce in status
- belt-tighteningReducing expenditures deliberately
- financial stressTension from monetary difficulties
hardship · struggle · sacrifice · austerity · frugality · retrenchment
Termination without cause
- furloughGranted absence from work
- redundancyNeedless duplication
- downsizingReducing workforce or scale
- restructuringRearranging an existing framework
workforce reduction · hiring freeze · severance · termination · rightsizing · streamlining · corporate restructuring · reorganization
Prolonged economic decline
- inflationSustained price level increase
- economic downturnDecline in financial activity
- depressionProlonged low state
- market declineDrop in trading values
budget deficit · financial crisis · stagflation · austerity measures · economic hardship
Negotiating mutually acceptable terms
- compromiseAgreement through mutual sacrifice
- concessionYielding a point
- counterofferAlternative terms proposed back
- arbitrationNon-court binding dispute resolution
mediation · union · collective bargaining · contract · terms · leverage · ultimatum · agreement
salary reduction
Lowered compensation from employer
- demotionReduction in status
- downgradeReduce in status
- belt-tighteningReducing expenditures deliberately
financial stress · hardship · struggle · sacrifice · austerity · frugality · retrenchment
layoff
Termination without cause
- furloughGranted absence from work
- redundancyNeedless duplication
- downsizingReducing workforce or scale
restructuring · workforce reduction · hiring freeze · severance · termination · rightsizing · streamlining · corporate restructuring · reorganization · attrition
recession
Prolonged economic decline
- inflationSustained price level increase
- economic downturnDecline in financial activity
- depressionProlonged low state
market decline · budget deficit · financial crisis · stagflation · austerity measures · economic hardship
bargaining
Negotiating mutually acceptable terms
- compromiseAgreement through mutual sacrifice
- concessionYielding a point
- counterofferAlternative terms proposed back
arbitration · mediation · union · collective bargaining · contract · terms · leverage · ultimatum · agreement · impasse
- work problemslayoff, firing, burnout, deadline pressure, job loss
- workplace changeslayoff, hiring, merger, firing, reorganization
- workplace disputesgrievance, complaint, wrongful termination, wrongful dismissal, unfair dismissal
- cutbackscutbacks, decrease, layoff, reduction, reductions
- decreasesreduction, decline, drop, fall, decrease
- disciplinemisconduct, violation, time-out, timeout, grounded
pay cutraise
Lift or increase
pay raise · salary increase · wage increase · pay bump · merit increase
pay cutpromotion
Rank increase or publicity
bonus · raise · reward · performance bonus · signing bonus
cut, pay, cutting, payment, unpaid, repay, cuts, cutter, repayment