Just found out I have to take a pay cut

[NancyDz]

Well our quarterly earnings was announced today and even though we did pretty well in some areas that made up where we didnt, they are making us take a pay cut of 5%.

I know there are many out there without jobs and we should be grateful that we get to keep our jobs but in the last 5 years we have had tons of layoffs, no raises, everything cut and chopped ( health care, bonuses, retirement, etc) and they keep piling on the work as
people are let go and now this. I'm already working part time jobs just to pay my bills and thats with no credit cards or car payment. We did announce a profit but now this in the same announcement. Gas and bills go up but my pay hasnt in 5 years. I'm tired of being grateful for my job , it puts us in such a low groveling situation when we are working our *** off.

Sure our CEO took a 20% cut but he can live like a King on half of what he makes... so I don't feel too sorry for him . Just less in his savings account. ( what's a saving's account)

GRRRRRRRRRR sorry I just needed to rant...

Edited by moderation for inappropriate language

 

[corancher]

So sorry. Rant away. It does seem like the worker bees are carring a larger amount of the burden.

 

[Dixiedoodle]

I am sorry about the cuts. Our dd is going thru the same thing but she had to take a 7% tax cut. more $$ for her insurance, less sick days, and they are laying off left and right. She is single and this has really hit her hard. She has canceled her home phone, her net and she contacted her landlord telling them that she would have to move when her contract was up and they offered her the same apt.. for 100$ less and they are putting in new heating/air system.. AND she would NOT have to sign a lease again.. They know a good renter when they see one...makes me proud..

 

[Mahonri]

It's happening everywhere.

 

[WriterofWords]

Hey I'll rant right along with you! When I found out what my giving up a weeks pay was compared to my Superintendent giving up a week,, I felt like ambushing her in a dark parking lot! For me it's painful, and to have $100 less every pay check hurts! She's giving up 2 weeks,, wow,,, poor thing will have to do with $500 less a check?

 

[FrenchHen]

I'm worried about work for next year.

I teach one of the more obscure subjects, and I feel pretty vulnerable to cuts.

 

[steffpeck]

I am really sorry. We are going through similar things here. My DH is being forced to take 12 weeks off this year with no pay. He just survived the 17th layoff over the last 3-4 years. I agree with Mahonri that it is everywhere.

 

[silkiechicken]

Sorry, I feel for you too. Are you at the Corvallis Site by any chance? We are experiencing the exact same thing. Too bad the CEO's reduction is only 20% of their base... I'd rather see 5% across the board.

 

[NancyDz]

No I'm in Roseville, CA. It's a company wide cut , HR already followed up with an email saying it would hit our paycheck on March 15th. Also they cut the company matching on our 401K, although that won't really affect me, I had to stop my contribution so as to have more take home pay to make ends meet. It amazes me how fast they can impliment these types of changes but if its something that helps me it takes forever to make changes in the system.

 

[silkiechicken]

Darn, was hoping for another local neighbor!

Good luck with everything, things fall fast when they do alright.