5y
We have been in the midst of the greatest financial disaster in modern history. Companies to the left and right have been laying off staff. In order to avoid this, we asked employees to voluntarily accept reduced pay temporarily. This is exceptionally common during these times (90% of US employees making less than 100k have experienced this or been laid off), particularly among companies that value their employees and colleagues and don't want anyone to lose their jobs.
Further, the executive team cut their compensation to near-zero (something we mentioned several times but evidently you missed those all-hands meetings). Our executive team were the lowest paid employees in the company - they specifically cut their pay to below poverty levels so that no one would need to be let go.
As a result, we have had to lay off zero people. Zero. And now that things are returning to normal, we have been able to raise salaries once again - less than 3 months later. Contrary to your comment, we never cut compensation "a second time" - covid was the first and only time that happened. Never previously, never since.
It seems that what you're upset about is that you accepted reduced pay along with well over half our country, rather than having your colleagues fired. This is not in keeping with our mission or ethos. Further, anyone else who thinks "I think a company should fire some people entirely rather than keep everyone on payroll during a crisis" should not apply to our company. We were able to keep almost 150 people on payroll during covid - all of those people were able to afford rent, buy food, etc. We are exceptionally proud of that. We think you should be too.
We wish you the best.
