20% pay cuts - NY Corporate Office Employee Michael Kors Employee Review

2.0
May 29, 2020
Recommend
CEO approval
Business Outlook

Pros

Entrepreneurial office environment and friendly coworkers

Cons

Take from employees to make up for poor financial management. All employees received a 20% paycut, cancelled bonuses and cancelled 401k match. Understanding with the current Covid situation but unlike all other brands, MK has no plans to give this money back for a year, if even that. They refuse to give any clear communication on dates of when the cut in salary will end. Rumor is a year, which means anyone coming into the company new will be 20% under market value “You are lucky you have a job” is the upper management’s response to questions about this issue.

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Michael Kors Response
6y
Thank you for your comment. As with many other companies at this time, we have had to make some very difficult decisions to ensure the long-term health of our brand. We understand this is affecting everyone significantly, and we will take your feedback into consideration as we look forward to the future. -Michael Kors Human Resources

Explore other reviews about Michael Kors

5.0
May 7, 2026
Recommend
CEO approval
Business Outlook

Pros

great discounts, good opportunity to grow

Cons

Not very nice upper management, senior management was lovely

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Michael Kors Response
2mo
Thank you for your feedback. We are happy to hear you enjoyed working at Michael Kors. -Michael Kors Human Resources
2.0
Jun 28, 2026
Recommend
CEO approval
Business Outlook

Pros

At one point it was the discounts til they changed the policies up during my fifth (and final year at the store). Aside from that, working with my fellow colleagues were the ones responsible for keeping the work environment together and made the experience much more fun and bearable.

Cons

As a part-timer, there's no benefits or any additional incentives. They'll "reduce your hours" if you're not meeting sales "expectations" by zoning you in different parts of the store that doesn't have a lot of foot traffic (i.e. cashier or front of house). Depending on who you work with on the management side of things... this job can make or break you. Last group of managers I had were NOT the most ideal examples when you give them "actionable feedback" and not follow through with their expectations.

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Michael Kors Response
4d
We appreciate the time you took to complete this review. We value our employees and recognize that they are the key to our success. Our management teams support our efforts by fostering a positive and inclusive environment for all. Receiving feedback such as this allows us to enhance those efforts. -Michael Kors Human Resources
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