Lmao my boss did a very thinly veiled version of this before I quit. The offer was "would you take a pay cut if I promised to give bonuses to more than make up for it contingent on performance". Like what's the difference between that and docking pay if you underperform, just with extra steps? The only purpose of taking the deal of the pay cut was to act as a punishment if I didn't earn the bonus. So I refused, and a week later they told me I could take half time/pay or be fired. Except that deal made no sense either because if I get fired I get unemployment for 6 months, which is almost half pay. So I can keep my job and make half pay and no insurance or let them fire me and get paid half pay to not work for 6 months, and also not have insurance.
No surprise I chose to let them fire me. I had been asking for a raise for 4 years, any reduction was out of the question.
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