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Paycuts but we’ll loan you the paycut we just cut

Is this ever a thing at other companies, a thread in /vfx says a company offers paycuts (to avoid redundancies presumably with the Writers strikes), sounds unethical to me to be in debt to the company you work for? https://reddit.com/r/vfx/s/Uki0AHoi6x One poster said the deal was – take a 20-25% cut for 7 months or – take a 50% cut but they loan you 40% that you pay back to them over 3 years. Anyone worked at a company that did this? Thanks


Is this ever a thing at other companies, a thread in /vfx says a company offers paycuts (to avoid redundancies presumably with the Writers strikes), sounds unethical to me to be in debt to the company you work for?
https://reddit.com/r/vfx/s/Uki0AHoi6x

One poster said the deal was
– take a 20-25% cut for 7 months
or – take a 50% cut but they loan you 40% that you pay back to them over 3 years.

Anyone worked at a company that did this?

Thanks

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