[batmaniam]

Once you sign that stuff, your overall compensation goes down forever. Your raise and bonus will less since it's based on your overall salary, which is now cut if you sign.

Then when the company lays you off, your severance package is even less due to the same reasons as above.

The whole thing is going to have cascading effect, and since you can't predict when you'll be laid off given how cavalier they've been doing it so far, better not to sign it. Seems like the company is trying to cut costs before laying off again to save even more money.

And even if you are laid off because you didn't sign, at least you'll have the satisfaction that you didn't bend over backwards for their crap. Staying true to yourself is what you'll regret the least in the long run.