Pay Cut Hits Home

It really isn’t a surprise.  After all, Husband’s company has been laying off people like crazy, and is hemorrhaging money every month.

The company is doing better than it was, and once they move to their smaller digs next month they’ll be hemorrhaging a little  less.  Still, it’s not enough to keep the company viable, to keep Large Conglomerate from pulling out  the rug.

So, when Husband and the rest of the staff received a memo yesterday announcing the lease on the new office and mentioning that each staff member will be met with to “discuss your role as we move forward into this year,” we all knew what was coming:  PAY CUT.

Husband and I talked about it, and we figure we can take a 20% cut and still keep me at home.  It would be tough, we’d have to cut every ounce of fat out of our budget, but we could do it.  Sure, I could go back to work, but we truly believe Son is better off, and our family is better off, with me at home.

~

Well, Husband just called and it’s not as bad as we feared.  The pay cut is about 7.5%, which is definitely easier to bear  than 20%.  It’s not permanent; three months in the black and pay will be reinstated (though not retroactive to today).  They also told him how much he is valued, and that he gets the job done.  Which he all true, even if telling him today was a blatantly manipulative effort to lessen the blow.

And we’re lucky he still has a job.  Darn lucky.

So, we’re going to trim the budget as if the pay cut was 15% and put more money into savings.  We still need to be out of here before August, and  there’s lots of work to do.

Recession?  What recession?   Gee, I hope GWB is enjoying his.

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