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My brother works at GM, they did a 20% paycut to everyone, I want to say the leadership took larger ones like 30% but I can't completely remember.

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It’s actually a pay deferral. They’ll get the money just at a later date

https://www.freep.com/story/money/cars/general-motors/2020/0...

I think Pay deferral is a much better solution. It is hard to ever get a pay rise after a pay cut. That is why Salary raise on the whole dont catch up as fast as economy after 2008.

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