pay cuts
Wages going down
Pay cuts are reductions in wages or salary, typically imposed by employers during financial difficulty: The company announced pay cuts across all departments to avoid layoffs.
Unlike a pay freeze, which holds wages steady, a pay cut actively reduces what workers earn.
Taking a pay cut may be voluntary when changing jobs or reducing hours.
- cost-savingReducing expenditure
- belt tighteningReducing expenditures deliberately
- cutbackPlanned reduction in spending
- wage freezeHalting salary increases
- trimRemove unwanted edges
decrease · slash · across the board · income stability · job security · labor costs · bottom line · salary reduction · reduction · hard times · employment contract · bonus · wage disparity · salary negotiation · deferred compensation · worker benefits · collective bargaining · union dues
- work problemslayoff, firing, burnout, deadline pressure, job loss
- austerityausterity measures, fiscal austerity, deficit reduction, belt tightening, fiscal discipline
- restructuringrestructuring, reorganization, consolidation, turnaround, Chapter 11
- union bustingunion busting, strikebreaker, strikebreaking, scabs, scab
- wageswage, salary, paycheck, income, earnings
pay cutsraises
Lifts or increases
pay raises · wage increases · cost-of-living adjustments · merit increases · promotions
pay cutsbonuses
Added compensation beyond wages
rewards · stock options · profit sharing · retention bonuses · performance bonuses