WordNet
n. the act of reducing a salary [syn: salary cut]
Usage examples of "pay cut".
They demanded that he be demoted for three months and his pay cut from $36 a week to $25.
He told his workers he was taking a 60-percent pay cut, three times theirs, a dramatic departure from the common practice for the last two decades of raising executive pay at a far greater rate than that of other employees, whether the company is doing well or not.
I ended up having to take a substantial pay cut under the new situation.
Many workers were let go, and those who were kept on had their pay cut by 50 percent.
I even took a pay cut for the animation, because they couldn't afford the price that was my salary and keep on going.
No one asked why Treloar had given up his seniority at such a prestigious firm or why he had accepted a 20 percent pay cut.
He did not wish, however, because, at his age, making what Rock Hudson or John Wayne made would have been a pay cut.