[cardcrimson]

Thanks to the coronavirus and the government-mandated slowdown in the economy, your company is not making enough to cover worker costs.

You're the owner of the company.  Your choices are a 10% paycheck cut across the board (or modified to stress lower paid workers the least) or a layoff of 15% of your employees.

Which is your choice?

Depends on the people and corporate structure, and of course the situation and expectation for the length of the downturn. Layoff enables employees to file for government subsidies. In an organization with partners, deferred comp and/or wage reductions makes more sense for the partners.

[cardcrimson]

Thanks to the coronavirus and the government-mandated slowdown in the economy, your company is not making enough to cover worker costs.

You're the owner of the company.  Your choices are a 10% paycheck cut across the board (or modified to stress lower paid workers the least) or a layoff of 15% of your employees.

Which is your choice?

Depends on the people and corporate structure, and of course the situation and expectation for the length of the downturn. Layoff enables employees to file for government subsidies. In an organization with partners, deferred comp and/or wage reductions makes more sense for the partners.