Originally posted by Marcel Wentink:
I wonder if it is legal to force a 30% pay cut.
Originally posted by Manish Hatwalne:
What worries me is this -- once an investor/business person knows if same work can be done at 70% cost, will he go back to 100% even when economy improves or when there are sufficient funds???
Originally posted by Mark Herschberg:
Here's a hint... once a programmer/employee know the same work can be done for about 50% more pay, would he continue at his present rate? (Bonus question: what about when the economy tanks, or when there are insufficient funds?)
I think I was ready for 5 to 10% reduction given the market conditions, but 30% reduction is indeed alarming to put it mildly.
Originally posted by Deepak Bala:
If I remember correctly you had a similar dilemma a few months back ? I hope things work out well for you in the end.