[lizxrice]

Is the cut being applied across the board, or just to you as a remote worker?

How open are they being with you about the financial forecasts? Would someone in the leadership team walk you through how, if everyone takes a haircut, this is going to make the difference to whether the company succeeds or fails? If it were me, a big part of my decision would be based on how engaged the leadership team were in keeping me on board, and how they communicated their calculations.

The fact that you have no equity could (should?) be negotiable. You would be perfectly within your rights to say, look, if I take a haircut on salary because I believe in the company, I should get some options / equity to reward me for having that faith.

Of course if you don't want equity because, deep down, you're not a believer, then you may as well start looking at alternatives that will match or better your current deal.

[homoSapiens]

The cut is across the board as I was meant to understand. Everyone is getting a pay cut.