salary cut
Smaller paycheck now
A salary cut is a reduction in someone's pay, typically imposed by an employer during financial difficulties or as an alternative to layoffs.
Unlike a pay freeze, which holds wages steady, a salary cut actively reduces what someone earns: The executives took a 20% salary cut to avoid laying off workers.
Employees may also accept salary cuts to keep their jobs or switch to less demanding roles.
- pay reductionLowered compensation rate
- reductionMaking something smaller
- demotionReduction in status
- layoffTermination without cause
- downsizingReducing workforce or scale
austerity · recession · economic downturn · budget · tight budget · pink slip · severance · unemployment · wage freeze · take-home pay · furlough · restructuring · reduced hours · belt-tightening · cutback · downgrade · slash · trim
salary cutsalary increase
Higher compensation rate
raise · pay raise · wage increase · cost-of-living adjustment · merit increase
salary cutbonus
Reward beyond expectation
windfall · profit sharing · signing bonus · stock options · severance package
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