In an email from the President. Essentially, he said “Good evening everyone. I hope you've all had a good week. We've made the decision to work with a different financial institution. This means we will be moving payday from Friday to Monday. I only found out an hour ago that this will be happening and there's nothing I can do about it. Sorry for the late notice. But on a more positive note, we're bringing on two more accounts! This is a great time for (company) and I'm glad you're all a part of it.”
He's lying about using a new financial institution. Payroll hasn't changed. He just didn't send the wire for it. Why? Nobody knows. The company has made over a million dollars last year. He knew this would happen Wednesday when he didn't send the wire and chose not to tell anybody until the night before.
Then the part about bringing on more accounts. We are. But we're already short staffed. This means “Congratulations! You've all got a lot more work to do.” But we're not getting paid.
Payroll won't be processed on Monday, even if he sends the wire today.
He's blatantly lying. And he has the audacity to expect everyone to keep working diligently today as if nothing happened. Nobody is working today.
Edit: This is the second time this has happened. The first time was in September. Nobody was paid. CEO needed a mental health break and took two weeks off while everyone else was left wondering if we still had jobs.