[jack_napier]

Having been a worker at IBM that they tried giving a paycut to, and having worked with people at IBM who stayed through paycuts, one of two things happen:

1) People quit (what I did)
2) People become lazy and/or steal.

It doesn't pay, Big Blue. This company has a moron management problem.

[Joan Kerrey]

1) People quit (what I did)
2) People become lazy and/or steal.

Both #1 and #2 should work elsewhere, obviously.
Welcome to the world market where one can find employees thankful to have your job for less.

[dljordan]

“It doesn’t pay, Big Blue. This company has a moron management problem.”

I couldn’t agree more. I’ve outsourced two accounts and on my last one I and my partner were replaced by EIGHT Brazilians. I got laid off in May and saw it coming a year before that so I wasn’t surprised. I got treated to a great education in corporate manipulation for which I am grateful. When my manager called me to explain that I just wasn’t being very productive in spite of the 60 hour weeks I knew it was over and I had to laugh. Nine years of great reviews and all of a sudden “POOF” I’m a lousy employee. I got a good severance package though.