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edit approved Nov 18, 2023 at 20:39
jcaron
edit approved Nov 18, 2023 at 20:39
jcaron
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Michael Hardy
Michael Hardy
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Let's say you signed an "At will" employment contract. And then lets say the company you work for has a 30% reduction in revenue. Can the company just reduce everyone in the companiescompany's salary by 30%? Or do they have to terminate and then rehire each individual? Or is this handled similarly to how a raise is handled?

This is hypothetically in the United States and In New Jersey

Let's say you signed an "At will" employment contract. And then lets say the company you work for has a 30% reduction in revenue. Can the company just reduce everyone in the companies salary by 30%? Or do they have to terminate and then rehire each individual? Or is this handled similarly to how a raise is handled?

This is hypothetically in the United States and In New Jersey

Let's say you signed an "At will" employment contract. And then lets say the company you work for has a 30% reduction in revenue. Can the company just reduce everyone in the company's salary by 30%? Or do they have to terminate and then rehire each individual? Or is this handled similarly to how a raise is handled?

This is hypothetically in the United States and In New Jersey

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user55665484375
user55665484375
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Do companies have the legal right to reduce your salary?

Let's say you signed an "At will" employment contract. And then lets say the company you work for has a 30% reduction in revenue. Can the company just reduce everyone in the companies salary by 30%? Or do they have to terminate and then rehire each individual? Or is this handled similarly to how a raise is handled?

This is hypothetically in the United States and In New Jersey