This morning there was an email from the big boss announcing a meeting first thing. I knew it was bad news. The big boss never announces meetings. We gathered and braced ourselves for whatever it was. He told us 23 people were laid off today at 2 of our other offices. Business is very bad and they didn't think it would get this bad. Then he said all salaried workers were getting a 10% reduction in pay. Ouch.
This is the first salaried job I have ever had. I don't think I like being salaried very much. At least we should be allowed to leave at noon on Fridays or something. I would like that. But no, we still have to work 40 hours for less pay. With my last raise I had finally reached the $40k mark. Now it is gone in the blink of an eye. $4,000 (10% of $40k) works out to be $200 a month after deductions. Now my mortgage repayment amount is back down to $1,200/m where it was at the beginning of last year. I had optimistically put $100/yr raises in my spreadsheet. I took them out and adjusted my lower monthly payments. It added 2 months on to my plan.
So far this year my mortgage repayment plan has been going one step forward and two steps back. The house restoration a couple of weeks ago added another month on to my mortgage plan. I had one year and 8 months to go. Now I have 1 year and 10 months to go. It isn't supposed to be getting longer!
It is very disheartening to not see progress on my plan. Hopefully, when my long-term renters get settled in March I can start making progress again. That is if I still have a job.