Ask HN: Should I sign a pay cut agreement?
Hi! My employer recently announced a 10% pay cut across the board. Where I live(South Africa), employee consent is required. The company sent out a document asking us to sign in agreement. ---- This is the state of things now: * Company laid an unknown number of employees off, and laid them off without letting employees know until a week later in a meeting where they announced pay cuts * The company is pretty much full remote and the office is a nice-to-have. It is in a very expensive part of town. * Lunches once a week are catered at the office * I asked what happens if one were not to sign, and the response was "Oh, we haven't thought about that. We're hoping that everyone pulls together." * The situation will be reviewed quarterly * Company says they don't expect it to last very long, also citing this for why they kept the office ---- A few things stand out to
Why it failed
Hi! My employer recently announced a 10% pay cut across the board. Where I live(South Africa), employee consent is required. The company sent out a document asking us to sign in agreement. ---- This is the state of things now: * Company laid an unknown number of employees off, an
- Kind
- startup
- Status
- Shut down
- Inventor
- folivore
- Ended
- 2023
- Source
- hackernews