I’ve been submitting applications because my company has been doing layoffs and pay cuts. I was informed yesterday that they will be doing additional pay cuts starting next week. First my bonus was cut by 60% and now they have mentioned they are going to cancel it altogether. When interviewing for new positions how should I explain why I’m looking for a new job even though I still (at least currently) have a job, just major pay cuts?

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Posting as :
works at
You are currently posting as works at

I’d just say your exploring new options to see what else is out there, you want more of a challenge/flexibility/etc.

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I’m so sorry this is happening to you.
Get out now!
Start asking everyone you know who’s hiring it’s crazy bonkers out there with a hiring frenzy - and when you start negotiating pay, remember that 60% you lost and how slow companies are to give raises, shoot for the moon!

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