Employees earning over $150,000 will take six days of furlough over the next six months (a 4.6% reduction per month). Those earning between $80,001 and $150,000 will take five days (a 3.8% reduction per month), those earning between $50,000 and $80,000 will take four days (a 3.1% reduction per month), and employees earning under $50,000 will take three days of furlough during the six months between May and October (a 2.3% reduction per month). The number of furlough days will be adjusted for those with 9-month appointments, so they bear a similar salary reduction over the course of the year as others with the same annual income.There are also hiring freezes, some travel cuts, contruction project postponements and so on. And the top administrators are all taking much bigger temporary salary cuts.
Overall, this is a bit less than I had expected based on what other places were doing plus remarks around the virtual water cooler.
Full message from Chancellor Blank.
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