Finding no recourse and under pressure to find a job, Dubey took another salary cut in April. Two days later, the executive got a video call on Google Meet from her manager. Many startup employees who have been laid off, have resigned themselves to salary cuts in their next job. But he had to take a 10% salary cut. In some startups, employees are first put on performance improvement plans (PIP) ahead of layoffs.

Source: Mint May 31, 2022 00:59 UTC