Let me just say I’m sorry for the formatting. I’m doing this on mobile.
Two years ago I accepted a promotion at work, that came along with a bump in pay, and a 10k bonus every year. As long as we met our company goals, and I met my personal goals. One year ago, we were bought out by a big private equity company, and all of a sudden this year after meeting my personal goals, ensuring my department met their goals, the company meeting their goals. I didn’t receive my 10K bonus because and I quote “the company is struggling financially” and no one is getting bonuses. This is not true. I know for a fact because I work closely with the sales team that we had another record breaking year. (Our 5th year in a row of record breaking numbers, largely due to my teams work).
To add insult to injury we didn’t get annual pay increases. So I effectively getting a 8% or so decrease in pay because of inflation as well.
I’m already looking at other jobs and have gotten pretty far along in the interview process, but it’s still ongoing and I haven’t received an offer.
My question ultimately is. Is there anything I can do? Can they cut my pay 11% (by taking away my bonus) even if I have met my goals and the company met their goals?