Pay cuts increasing

By Lary | June 24, 2009

Many of you have seen the drop in layoffs recently … but they’re increasingly accompanied by pay cuts. We’ve commented here before about the value of that approach for companies seeking to adjust to the Great Recession while doing everything possible to keep their best people.

This Wall St. Journal article confirms this growing trend and describes several plans, e.g., furloughs, temporary cutbacks, etc.