Pay cuts
Just got word I will likely receive a pay cut and others will lose their jobs at my company. I am an analyst at a dominant midwestern shop. Anyone else experiencing this? How big of a cut? For those that have lived through 2008 please offer advice or input

Edit: took a 25% pay cut. They are doing this across the board. Could have been worse but still more than expected.
[{"id": "flaokaj", "text": "&gt; For those that have lived through 2008 please offer advice or input \n\nFollowing that difficult experience I took a unionized government job in commercial real estate in a pro-union state. I put a lot of value on stability these days.", "replies": [{"id": "flaooko", "text": "Can you explain what your job was? I\u2019m unfamiliar with this.", "replies": [{"id": "flapspu", "text": "Then: commercial real estate appraiser at a well-respected but smaller private firm that got hit hard, like many did, by the Great Recession. Now: a commercial real estate appraiser (though in a more senior role now following promotions) at a large jurisdiction's department of assessments. It's not a route for everyone but it has worked out well for me.", "replies": [{"id": "flatqsp", "text": "Did not know appraisers were unionized.", "replies": [], "depth": 4}, {"id": "fld5nbj", "text": "Cook county??", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "flaosum", "text": "My salary was frozen in 2008 and I was eventually laid off in mid-2010.", "replies": [{"id": "flatokn", "text": "I will use this as an indicator to search for other jobs. Hopefully this only lasts a few months", "replies": [{"id": "flkx809", "text": "Good luck!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "flb73ig", "text": "The company I work for is well capitalized and there hasn\u2019t been any talk about layoffs or pay cuts. Still, it lingers over my head.", "replies": [{"id": "fld9in3", "text": "I thought mine was too but they are doing this rather than laying everyone off", "replies": [], "depth": 2}], "depth": 1}, {"id": "fliuuq4", "text": "I work at the corporate office. They moved us to working from home a couple weeks ago. In one 14 minute conference call yesterday, all employees got a 10% pay cut, all temps and new hires were laid off, and all special projects are on pause.\n\nBasically, we can't see down the road clear enough to take on risk. Our commercial properties are being closed or have lost 80% of traffic, multifamily tenants are being laid off, and there are no long term options being talked about. The best info we have is that a vaccine could be developed in 18 months if everything is completely perfect. The way its moving, this one is going to hurt badly, worst than 2008.", "replies": [], "depth": 1}]