That was MY mistake. In the original post The executives are getting paid well (second paragraph)and the workers. I think the Original poster said that the company wants to cut the managers and workers pay but maybe all pay will get cut.Do you have any evidence to indicate that they are paying their managers too much? Competitive pay means they pay at least the same amount in total compensation as other comparable employers for comparable jobs. If the workers think they are underpaid (as many in this thread seem to think they are), then they are free to go work somewhere else and get paid more. In fact they are likely way overpaid for the type of work they do compared to other people doing the same job in that area, and thus they have no viable alternatives at this point.