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by KellyCriterion 4 days ago
Ah, no, for sure you can just cut the salary by 50%?

And believe me, most people in well-managed company would accept it to keep the company alive. And y CTO with 400k wont "just find a new job with same payment" next day, thats an illusion. Especially nowdays in these times.

If I would be asked: "reduce your salary by 50% or get fired", for sure I would stay if there is a perspective that the situation may recover in the future. If the company has no perspective future, then you would leave anyway (either implicitly or explicitly by them)

2 comments

How does adding $200k back to payroll help pay for 96 employee salaries (plus benefits which tend to be an invisible 25-30% on top of salaries)?
There is a reason he hasn’t made it to management yet ^_^
If the CEO is only making $400k, that's not a very big company
> for sure I would stay if there is a perspective that the situation may recover in the future

And if you could support your family on that 50% for an undefined period of time.