An insider confirms what until now had been a rumor whispered around the water coolers at the Orange County Register: employees will be subjected to furloughs in the next quarter. Now the rumor being whispered in front of the vending machine is that the unpaid, one-week vacations will be mandatory for employees every quarter thereafter for the immediate future.
Looking at a pay stub and doing some quick arithmetic, my Cleared Throat figured the loss in wages represents just shy of a 10 percent pay cut.
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It remains unclear whether the furloughs also apply to the executive suites.