A 50% pay cut would put me $2 over minimum wage for a job requiring a bachelors degree. And it's only been 3 weeks since there was a two week company shut down. Upper management wanted to lower the working days to two days a week except the VPs said "you might as well lay everyone off". Because if they did do that, everyone worth keeping would be gone before the month ended.
This all is happening because someone screwed up big time with some financial records and put us one step from bankruptcy, if the head were based in the US, it would be in bankruptcy. Supposedly it should all be cleared up in a month once the process with the courts gets settled unless we get bought out first.
It gets worse but I don't want to end up talking with lawyers.