20% paycut here. This comes after being laid off a few months ago when Docker sold their enterprise version (sort of, the new company made us all offers but they have terrible benefits among other problems so most people didn't take the offer or only stayed long enough to find something else), so we're all a bit sad. There was then an immediate around of layoffs right after that (though thankfully my department wasn'…
Perspective from the other side of the table: I can't speak for every company, but we've worked day and night for weeks to figure out a plan that puts employees first and gives us a fighting chance to emerge from this crisis. It may not feel like it, but damn we fight for every single person's job. Paycuts w/o layoffs is a win.