Got this tip earlier today:
FYI, CohnReznick ended the temp pay cut and paid back the reduced wages.
While we appreciate the update, the tipster was a little skimpy on the details.
Back in early May, we reported that CohnReznick was cutting employee pay on a sliding scale as part of its pandemic uncertainty measures:
- Less than $52,000: No pay cut
- $52,000 to $74,999: 7%
- $75,000 to $99,999: 8%
- $100,000 to $149,999: 9%
- More than $150,000: 10%
At the time we were told the pay cuts would be effective from June 1 until Sept. 30.
We don’t know whether the salary reductions officially ended on Oct. 1, ended earlier, or ended later. And we don’t know when CohnReznick’s brass decided to give employees back the money they lost during that period of time.
If anyone who works at CR has more details, text or email us using the contact information below.
Pay Cut Watch ’20: Here’s What We Know About the Salary Reductions and Other Stuff at CohnReznick