Noun
the act of reducing a salary
Source: WordNetMany in my family were ambivalent about it, but my mother encouraged me to put aside my fears. Vera (my wife) and I finally decided to leave Utah, where we were very happy, take a 40 per cent salary cut and move to the Laboratory of Molecular Biology at Cambridge. Venkatraman Ramakrishnan
But in the meantime I became accustomed to the writing life and it would be hard to change now - partly because of the salary cut if I went to my other love, teaching; and partly because I still have stories to tell, even though it isn't all that fun doing the work anymore. Orson Scott Card
There's an issue with the Medicare doctor reimbursement rates where at the end of the year every doctor that folks in this country use that provide Medicare services is going to get a 30 percent salary cut. Kevin Yoder