Starting next week, our work hours will be trimmed to just 50% and I will only work twice a week which is every Monday and Thursday. Yes, this would mean a significant pay cut but I still consider this a blessing because at least I am NOT one of the 10% that had to be let go.
I understand that the company had to do this as our industry was badly hit by the pandemic. The hotel occupancy level in all regions is on its all-time low and travels and meetings are going much weaker. For these and for many other reasons, the management decided to reduce further costs by lessening corporate travels, reevaluating planned investments, and reducing corporate roles. The latter—by far the hardest decision they took—was announced in the middle of the month.
Shortly following the announcement, many of us experienced a great deal of anxiety. When we were finally on the clear, I’m just glad that my brother and I kept our jobs albeit the temporary pay cut. I had to say, our company has dealt with this crisis far better than our competitors. The steps weren’t as severe as what I’ve been hearing from similar industries like airlines, resorts and casinos where they had to let go of more than half of their workforce. To think, we even have the Colleague Emergency Support Fund available to provide some immediate help to colleagues who may be facing pressing financial hardship due to a reduction in their income.