The only cut I am looking for these days is a haircut. Salary cuts - not so freaking much. And yet - they’re becoming the norm. Why? Because companies need to save money. There’s been a major halt in business because of the pandemic and many companies are just trying to stay afloat. But - no matter how much you understand the reason - it still sucks if it happens to you! I’m sorry. Truly. But also - check out the two videos below. They will help you navigate this situation in the best way possible.
Stay Rich Bitch
LIVESTREAM WITH CHRIS VOSS!
I called in the big guns aka @thefbinegotiator aka the author of my favorite book on negotiating - Never Split the Difference - to walk us through how to negotiate a salary cut. I am sure you feel pretty powerless right now but his advice is brilliant and will help you see the ways you actually do have some leverage and choice RN.
WAKE-UP: MY BOSS CUT MY SALARY!
This video has specific steps to take after it happens. Let me know if you use them/if they help :)
AND REMEMBER: You cannot control what happens to you but you can control how you react. Try not to give into a victim mentality, when there’s a will there’s a way! I am rooting for you and know if you’re crafty and strategic, you can get through this on top.