Nearly one-third of American workers would consider taking a demotion or a pay cut to avoid being laid off, according to a survey of 1,250 workers by ResumeBuilder.com.
Of those willing to take a pay cut, 28% indicated they would accept a 1% to 5% difference, 33% would take a 6% to 10% reduction, and 18% would receive an 11% to 15% cut, the report found. Another 10% are open to a 16% to 20% decrease, and 8% are prepared to take a pay cut of more than 20%.
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