On the same day that some season ticket holders were informed there might be no fans at games this season, and that their ticket investment would be rolled over to 2021-22 if that happens, the Suns also announced massive pay cuts and significant furloughs “till we see more positive environment on the horizon”, per Dean Stoyer, Suns Chief Marketing and Communications Officer.
Pay cuts are 20% across the board to employee salaries while they work, and furloughs (i.e. unpaid time off) impact another 5-10% of employees, according to the team.
Is taking a pay cut better than losing your job entirely?